Former EY dealmaker Ali Al Rumaihi leads Tabreed in Bahrain

24 March 2023 2 min. read
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UAE-based district cooling company Tabreed has appointed former EY dealmaker Ali Al Rumaihi as its new Country Manager for Bahrain. Al Rumaihi previously spent a decade at EY.

Founded around 25 years ago, Tabreed is one of the region’s largest providers of district cooling solutions. The company (around 1,000 staff) provides cooling solutions to some of the region’s most iconic infrastructure projects – including the Burj Khalifa.

In his new role, Al Rumaihi will lead Tabreed’s full operation in Bahrain, which includes clients such as Bahrain World Trade Centre, Bahrain Financial Harbour, Reef Island, and The Avenues Mall. He also oversees new business development, strategic partnerships, innovation, and internal operations.

Ali Al Rumaihi, Country Manager Bahrain, Tabreed

Commenting on his new role, Al Rumaihi said: “With government vision and support, we believe that Bahrain is perfectly positioned to become a leader in district cooling, significantly reducing carbon footprints in current and future cities within the island, and at the same time, achieving high energy efficiency. I look forward to working with Tabreed’s team to deliver outstanding services to our clients.”

Al Rumaihi’s arrives at a period of opportunity for Tabreed. Demand for district cooling is expected to nearly triple by 2030, as district cooling is increasingly becoming the preferred cooling choice, offering a more efficient solution than traditional air-cooled systems (some estimates suggest electricity usage can be up to 30% less).

Meanwhile, in Bahrain, the government has announced a raft of high-density master developments and key infrastructure projects, “where district cooling is going to be a likely choice,” said Al Rumaihi.

“Ali joins Tabreed at an exciting time as we gear up for further regional expansion,” stated Tabreed CEO Khalid Abdullah Al Marzooqi. “I am confident that under Ali’s leadership, Tabreed will continue to provide exceptional services to our customers and contribute to the sustainable development of Bahrain’s economy.”

Al Rumaih has over 15 years of experience in real estate transactions and investments in Bahrain and the Gulf region. Prior to joining Tabreed, he served as Head of Corporate Finance at Bahrain sovereign wealth fund Mumtalakat’s real estate arm, Bahrain Real Estate Investment Company. Before that, he spent a decade at EY in its Transaction Advisory Services practice, where he helped close deals in the real estate and hospitality sectors.

Al Rumaihi holds an MBA from the University of Strathclyde (Scotland) and a Bachelor of Science in Business and Management from Brunel University (England). He is also a Certified Management Accountant by the Institute of Management Accountants.