Tabreed is hoping to provide an answer to the most vexing challenge of the 2022 Fifa World Cup in Qatar - how to keep more than 1 million football fans cool.
The UAE's largest district cooling company, which reported a 29 per cent leap in full-year profits yesterday, is expanding operations in Qatar and has the world's biggest sporting event in its sights.
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It already operates three plants in the country through its Qatar Cool joint venture and is one of the companies negotiating with Qatar Cool to supply cooling for the football tournament.
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Tabreed, which supplies chilled water to housing and office blocks for use in air-conditioning systems, said yesterday that net profit surged to Dh236.3 million (US$64.3m) last year as the company, which was hard hit by the global financial downturn, concentrated on efficiency savings.
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