Al Wajeez Development Company (AWDC) is a Private Joint Stock Company (PJSC) established in 2011 and registered under the Commercial Companies Law of the United Arab Emirates. The company is involved in providing district cooling services to many of the UAE’s most popular landmarks exclusively.
The company was acquired in 2014 from Mubadala as a 50:50 joint venture between the National Central Cooling Company PJSC (DFM: Tabreed) and Mubadala Infrastructure Partners (MIP) at a value of approximately AED 1,050 million under a 30-year exclusive concession granted by Al Sowwah Square Properties LLC, a wholly owned subsidiary of Mubadala Development Company PJSC (Mubadala).
The company was fully acquired by Tabreed in October, 2021.
