{"id":646649,"date":"2017-06-20T04:19:48","date_gmt":"2017-06-20T04:19:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/"},"modified":"2017-06-20T04:19:48","modified_gmt":"2017-06-20T04:19:48","slug":"engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/","title":{"rendered":"Engie acquires 40% stake in Tabreed ahead of expansion in region"},"content":{"rendered":"

France's Engie will acquire a 40% stake in Dubai's National Central Cooling <\/strong>Company (Tabreed) to help drive the company's expansion in Egypt<\/strong>, Turkey, and India, Reuters reports<\/a>. Engie will pay USD 762 mn for the stake in the UAE-based cooling and building infrastructure company. \u201cTabreed will become one of Engie's main regional development platforms and the company is expected to lead rapid growth for Tabreed in new emerging markets such as India, Egypt and Turkey,\u201d read a statement<\/a> from Abu Dhabi state investor Mubadala Investment which sold the shares to Engie. Engie is currently operating a number of projects in Egypt, including the a 250 MW wind farm, in addition to E&P assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

France's Engie will acquire a 40% stake in Dubai's National Central Cooling Company (Tabreed) to help drive the company's expansion in Egypt, Turkey, and India, Reuters reports. Engie will pay USD 762 mn for the stake in the UAE-based cooling and building infrastructure company. \u201cTabreed will become one of Engie's main regional development platforms and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646649","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f08c5f31-d114-4072-842f-44c8ca4d585a","order":"0","is_powered_by":true,"section_story_id":"bfb6f80e-4f8a-4884-9ed1-6f111fc726fd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646636],"teaser":"","voice_url":""},"yoast_head":"\nEngie acquires 40% stake in Tabreed ahead of expansion in region - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Engie acquires 40% stake in Tabreed ahead of expansion in region\" \/>\n<meta property=\"og:description\" content=\"France's Engie will acquire a 40% stake in Dubai's National Central Cooling Company (Tabreed) to help drive the company's expansion in Egypt, Turkey, and India, Reuters reports. Engie will pay USD 762 mn for the stake in the UAE-based cooling and building infrastructure company. \u201cTabreed will become one of Engie's main regional development platforms and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-20T04:19:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Engie acquires 40% stake in Tabreed ahead of expansion in region\",\"datePublished\":\"2017-06-20T04:19:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/engie-acquires-40-stake-in-tabreed-ahead-of-expansion-in-region\/\",\"name\":\"Engie acquires 40% stake in Tabreed ahead of expansion in region - 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Speaking on the sidelines of the World Energy Congress in Abu Dhabi, Al Lamki said the company \u2014 which currently operates 75 stations\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549400,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/uaes-tabreed-makes-inroads-locally-with-egp-1-6-bn-capitalmed-contract\/","url_meta":{"origin":646649,"position":3},"title":"UAE\u2019s Tabreed makes inroads locally with EGP 1.6 bn CapitalMed contract","author":"enterpriseam admin","date":"15 September 2022","format":false,"excerpt":"The UAE\u2019s Tabreed lands EGP 1.6 bn CapitalMed contract: Dubai-listed district cooling firm Tabreed will design, build and operate a heating and cooling plant at the Badr city medical complex as part of an AED 306.4 mn (EGP 1.6 bn) contract signed with project developer Egyptians for Healthcare Services (EHCS),\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591488,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/oc-engie-toyota-inaugurate-262-5-mw-ras-ghareb-wind-farm\/","url_meta":{"origin":646649,"position":4},"title":"OC, Engie, Toyota inaugurate 262.5 MW Ras Ghareb wind farm","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Orascom Construction, Engie and Toyota have inaugurated their 262.5 MW Ras Ghareb wind farm after beginning commercial operations in October, Engie said in a press release. Ras Ghareb is Egypt\u2019s first private wind farm and is the first in the country to run under a build-own-operate (BOO) framework. 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