UAE’s Tabreed signs AED 306.4 long term concession to provide services for Capital Med project in Egypt

Dubai-listed National Central Cooling Company PJSC, Tabreed has signed AED 306.4 million ($83.5 million) concession for design, construction and long-term operation of district cooling assets serving the Capital Med development project in Egypt.

The firm will provide services to Capital Med a city which focuses on the healthcare services in Badr city. The project planned to be established in four phases an to be equipped with the latest advanced standards.

Capital Med will receive patients all over the Middle East, Africa and the rest of the world as it will contain 700 intensive care units, 70 operating rooms and more than 15,000 health service providers from various specialties.

Tabreed will finance, build and operate a district power plant designed specifically for the Capital Med project, in cooperation with the Shaker Consultancy Group in order to meet the cooling and heating requirements for this prestigious project.

The power plant will have a production capacity of about 19,500 refrigeration tons and later on the production capacity will be increased to 213 and 30 thousand tons of refrigeration to cover the entire project.