25/11/2025 06:17 AST

Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest building retrofit projects aimed at enhancing energy and water efficiency at Aryam ICAD Residential City in Mussafah, Abu Dhabi.

The 14-month project represents one of the largest and most ambitious retrofitting initiatives undertaken for a service sector residential infrastructure in Abu Dhabi, underscoring the emirate's accelerating drive toward sustainability and efficiency in its built environment.

The partnership was initially unveiled at the World Utilities Congress 2023, and the implementation agreement was signed during the recent Adipec 2025 by Khalid Al Qubaisi, CEO of Taqa Energy Services, and Abdulaziz A. Bawazeer, CEO of Sdeira Group, in the presence of senior officials and industry leaders.

As per the deal, Taqa Energy Services will upgrade the HVAC systems, deploying advanced energy monitoring and control technologies, and installing innovative water-saving solutions across eight building clusters, including residential compounds and a shopping mall, to help improve operational efficiency as well as reduce environmental impact, and enhance residents' quality of life at Aryam ICAD Residential City.

Al Qubaisi said: "Our partnership with Sdeira Group marks a significant step in delivering future-ready, energy-efficient infrastructure in the emirate, aligning with the Abu Dhabi Energy & Water Efficiency Strategy 2030 and the UAE's Net Zero by 2050 initiative. This partnership also supports sustainable growth while protecting vital natural resources."

The retrofit project at Aryam ICAD Residential City is expected to yield tangible environmental and economic benefits, with a projected annual reduction of approximately 17,000 tonnes of carbon dioxide emissions and AED 12 million in savings.

"These savings will be reinvested into the program, creating a self-sustaining cycle of efficiency and innovation," he added.

Aryam ICAD Residential City, owned and operated by Eskan, plays a vital role in Abu Dhabi's urban landscape.

Its transformation positions this flagship development as a model for sustainable living communities, highlighting how utility and infrastructure upgrades can generate widespread social, environmental, and economic benefits.

Bawazeer said: "Sustainability is a core component of Sdeira Group's business model. Our collaboration with Taqa Energy Services demonstrates our shared commitment to environmental stewardship in line with economic development."

"Aryam ICAD Residential City is one of our flagship staff accommodation communities, home to over 58,000 residents. These retrofits will enhance the overall living environment for our community, not only reducing utility consumption and costs but also enabling us to serve our communities better," he added.

The project is expected to significantly benefit the community by reducing electricity consumption by 36 gigawatt-hours annually, lowering water consumption by over 616,000 cu m and preventing emissions equivalent to the carbon absorption of more than 250,000 tree seedlings grown for a decade.


Trade Arabia

TAQA launches major building retrofit project at ICAD Residential City

17/11/2025

Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu

Trade Arabia

TAQA reports 9-month profit of $1.66bn

14/11/2025

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, today reported group revenues of AED42.7 billion ($11.63 bill

Trade Arabia

TAQA exits India coal asset in push toward flexible gas and clean power

30/10/2025

Abu Dhabi National Energy Company has exited its lignite-fired power operations in India, marking another step in the utility's shift toward flexible gas and renewable energy assets.

TAQA so

Gulfnews

Ticker Price Volume
TAQA Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ACWAPOWER 192.00 -2.50 (-1.29%)
DEWA 2.77 0.00 (0.00%)
SAUDIELECTRICITY 14.14 -0.01 (-0.08%)
EMPOWER 1.56 -0.03 (-1.89%)
MARAFIQ 38.56 -0.34 (-0.88%)
stc reports KD 342.5 million revenues, KD 34.1 million net profit for 2025

29/01/2026

Kuwait Telecommunications Company (stc) a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financia

Kuwait Times

KIB Group achieves profit of KD 30.1 million for year 2025

29/01/2026

The Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, announced the Group's financial results for the year ending on December 31, 2025, achieving a net profit of KD 30.1 m

Kuwait Times

MPHC reports net profit of QR533m for 2025

29/01/2026

Mesaieed Petrochemical Holding Company (MPHC), yesterday announced a net profit of QR533m for the period ended December 31, 2025, representing a decline compared to previous year.

Commenting

The Peninsula

Dukhan Bank announces diamond sponsorship of Web Summit Qatar

29/01/2026

Dukhan Bank has announced its diamond sponsorship of Web Summit Qatar, one of the world's leading technology and innovation platforms, to be held from 1 to 4 February 2026. The diamond sponsorship re

The Peninsula

NMDC adds Dh618 million dredger to expand fleet and clear project backlog

29/01/2026

NMDC Group has moved to strengthen its execution capacity with the addition of a new self-propelled cutter suction dredger valued at Dh618 million, extending a fleet that already exceeds 170 vessels

Gulfnews