Dubai seeks buyer for $750m airport’s cooling operations

Dubai seeks buyer for $750m airport’s cooling operations

UAE – Mubasher: Dubai is seeking a buyer for the $750 million worth cooling system operations of its largest airport as GCC states lean on asset sales and debt to shore up their finances, Bloomberg said.

The government entity overseeing the main airport's infrastructure has hired Standard Chartered Plc as an adviser on the transaction, according to people familiar with the matter.

As part of the deal, investors obtain a long-term lease to operate the assets, offering steady returns for the duration of the contract.

The company is looking to offer a majority stake and is approaching local and international district cooling specialists, as well as global infrastructure players, the people said, adding that