Jasim Thabet is the Chief Executive Officer of National Central Cooling Company PJSC (Tabreed), where he is responsible for overseeing the district cooling company’s operations in the UAE and across the GCC, as well as ensuring the company continues to generate sustainable and long-term value for all its stakeholders.
Jasim joined Tabreed in August 2012, bringing with him approximately 15 years of experience in the regional energy, infrastructure and utilities industries, including the district cooling sector.
Prior to joining Tabreed, Jasim was Vice President in Mubadala Development Company’s Industry Unit, with responsibility for managing several of the Unit’s key assets. As part of the Unit’s asset management team for Tabreed, he played an important role in Tabreed’s 2010 recapitalization program, which set in place a stable capital structure and returned the company to financial and operational health.
During this period at Mubadala, Jasim also led a number of value enhancing initiatives for the company including a review of its water sector strategy in the MENA region and the development of an R&D strategy aimed at establishing Abu Dhabi as a global leader in district cooling. He was also instrumental in the successful completion of major cooling infrastructure projects valued at over AED 1.2 billion.
Before joining Mubadala in 2009, Jasim held the position of Senior Project Manager at General Electric Power Systems, where he was responsible for bringing to fruition several large scale power plants in the GCC. He also spent seven years with ZADCO, one of the region’s leading oil producers.
Jasim is currently Chairman of the Board of Directors of Tabreed Bahrain and Prime District Cooling. He is also a board member of Tabreed Oman, Saudi Tabreed and SNC Lavalin Gulf Contractors.
He holds a Bachelor of Science in Mechanical Engineering from Saint Martin’s University, USA.