Aldar eyeing district cooling joint ventures and acquisitions

28 September 2010

Faisal Al Kamali, head of infrastructure at Aldar Properties has said the company is considering acquisitions and joint ventures for sharing district cooling infrastructure as it seeks to reduce costs for customers, Reuters has reported. The Abu Dhabi developer is “studying how to reduce costs for certain projects we don’t want the customers to run away from us,” he said. The developer is to continue to work with Tabreed on the contracts it currently has with the firm, he noted.

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