Tabreed bullish on India as it also presses forward with Middle East expansion
The National Central Cooling Company, better known as Tabreed , is bullish about growth in India and is looking at acquisitions and greenfield projects to expand in Asia’s third largest economy. Last year, Tabreed formed a new holding company with the World Bank’s International Finance Corporation (IFC) to invest up to $400 million in the next five years to expand in India. As part of the agreement, Tabreed India, currently a wholly owned unit of Tabreed, will be transferred to a new holding company established in Singapore, in which Tabreed will hold a 75 per cent stake and IFC 25 per cent. To know more: https://www.thenationalnews.com/business/energy/2022/06/20/tabreed-bullish-on-india-as-it-continues-to-expand-in-gcc-and-north-africa/