Global technology company SAP has announced its partnership with The National Central Cooling Company (Tabreed), the leading UAE-based international district cooling developer, in a move that will contribute to the digital transformation of the district cooling industry.
In the Middle East, population growth, diversified economic growth, the hot climate and government visions for environmental sustainability all favor the growth of district cooling. As a result, the Middle East’s district cooling market is valued at $8 billion, according to Global Market Insights, and poised for an 8 per cent year-on-year growth between 2021 and 2027.
Speaking of the partnership, Bader Saeed Al Lamki, CEO, Tabreed, said: “Tabreed is a dynamic and innovative company and we are always in a continues pursuit to streamline our processes to facilitate efficient growth, profitability and progress”.
“This digital transformation initiative we have embarked upon with SAP and Deloitte will greatly benefit our business. Access to real-time data would unlock additional analytical capabilities which further drive our financial and operational competitiveness and enhance our value add to our clients. I look forward to seeing the results of this strategic collaboration and the improvements that will no doubt benefit our employees and customers alike”, added Al Lamki.
As part of its digital transformation journey, Tabreed, working with Deloitte and SAP, will deploy a variety of innovative technological solutions, including the SAP S/4HANA business suite for real-time insights and analytics, the SAP Ariba platform for digitally-based and simplified procurement, SAP SuccessFactors for an improved human resources experience and the SAP Analytics Cloud for better data-driven decision making.
All the solutions will run on the SAP public cloud data centre in the UAE, in full compliance of data regulations.