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Wed 2 Aug 2006 04:00 AM

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Jordan JV to cool Abdali

Tabreed teams up with Abdali Investment and Development to offer district cooling and heating first

A new company has been formed by Tabreed and Abdali Investment and Development to provide district cooling and heating services to the Abdali project, a massive urban regeneration scheme in Jordan.

Jordan District Energy (JDE), to be headquartered in Amman, will invest US $113 million (JD80 million) in the project, which is being built across an area of 25,800m2. The company will be the first to introduce district cooling and heating services in Jordan.

“In our pursuit to be up to date with developments in cutting edge technology in Abdali, we are introducing a whole new concept of urban development and environmentally friendly technology which will serve not only end users, but also reduce development costs,” said Jamal Itani, CEO, Abdali Investment and Development.

“As one of the world’s leading companies in this sector, Tabreed has unmatched technical expertise and provides excellent after sales support. These were the deciding factors in finalising the partnership.”

Tabreed has more than 22 projects in the UAE as well as operations in Saudi Arabia, Oman, Qatar and Bahrain and JDE gives it access to the growing market in the region.

“This partnership ensures Tabreed will have access to the multi-billion dollar Levant property market and one of Jordan’s most prestigious real estate developments”, said Dany Safi, CEO of Tabreed.

“Our aim is to be a global leader and the booming regional markets, which are the nearest, geographically, are naturally our prime targets.”

A gas pipeline network across the project site is also planned, which will be used mainly for domestic purposes and food and beverage outlets. The project features several development districts: IT, residential, retailing and entertainment, medical, a civic pole, a campus for the American University in Jordan and a pedestrian spine.

With infrastructure and ground works now complete, construction on the Abdali project is now ready to begin. Contractors involved in the project include Issam Khatib and Al Hamad.

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