RIYADH: Dubai-listed National Central Cooling Co., also known as Tabreed, will invest $200 million to establish a district cooling firm in Singapore, the company’s chief executive told CNBC Arabia.

District cooling firms deliver chilled water via insulated pipes to cool offices and industrial and residential buildings.

The firm’s liquidity currently stands at 1.2 billion dirhams ($330 million), the company’s chief executive, Khalid Al Marzooqi said, noting that this is the highest it’s been in a long time.