This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

ADNOC-Tabreed G2COOl opens

  • The G2COOL plant produces naturally occurring hot water found underground through two geothermal wells.
  • The hot water is fed into absorption cooling technology to produce the chilled water needed by Tabreed for its district cooling activities.

Abu Dhabi, UAE — ADNOC and the National Central Cooling Company (Tabreed) today announced the start of operations at G2COOL, the first district cooling project in the Gulf region to harness geothermal energy.

The landmark plant will further decarbonize how buildings are cooled in Masdar City while diversifying the UAE’s energy mix in support of the UAE National Energy Strategy 2050.

The G2COOL plant produces naturally occurring hot water found underground through two geothermal wells. The hot water is fed into absorption cooling technology to produce the chilled water needed by Tabreed for its district cooling activities. The chilled water derived from this source of clean energy accounts for 10 percent of Masdar City’s cooling needs.

The project is enabled by ADNOC’s initial $15 billion (AED55 billion) allocation towards low-carbon solutions and will support its decarbonisation plan and net-zero by 2045 ambition.

Musabbeh Al Kaabi, ADNOC Executive Director for Low Carbon Solutions and International Growth, said, “This project is the latest in ADNOC’s strategy to develop and deploy technologies that will help our company and country to decarbonise. For the very first time, we have tapped into the abundance of clean underground thermal energy available here in the UAE.

“Early efficiency performance from the G2COOL plant has surpassed our expectations, proving that geothermal energy is a viable way to decarbonise how we cool buildings, which is one of our region’s most energy-intensive activities. I look forward to working with partners and pioneers to find fresh ways of harnessing this underground heat to further support ADNOC’s accelerated decarbonisation plan and net-zero by 2045 ambition.”

The cooling of buildings accounts for up to 70 percent of the UAE’s electricity consumption. District cooling offers a sustainable alternative to traditional cooling methods as it is around 50 percent more energy efficient in its standard operations.

Integrating geothermal energy within district cooling operations can significantly reduce electricity demand for cooling from the grid.

The G2COOL plant is located in Masdar City, a sustainable urban community and world-class business free zone and technology hub in Abu Dhabi.