Saudi Tabreed appointed by Saudi Aramco to develop District Cooling System for Dhahran area

DHAHRAN, Saudi Arabia, February 22, 2010 - Saudi Tabreed announced that it has signed an agreement with Saudi Aramco
to develop and operate a District Cooling System to cool all the buildings of
Saudi Aramco in the Dhahran area. Under the agreement, Saudi Tabreed shall
design, construct, finance, own, operate and maintain a centralized cooling
plant and a network to supply chilled water to the Saudi Aramco buildings
with a cooling capacity of 27,000 Tons Refrigeration. The agreement is for a
23 year term.

Commenting on the occasion, Mr. Mohammed bin Abdullah Abunayyan, Chairman
of the Board of Directors of Saudi Tabreed stated that " This project
reflects the keenness of Saudi Aramco to maintain the environment. By using a
district cooling system, which consumes half the electrical energy
consumption as compared to that for traditional methods of cooling.

Mr. Abunayyan also highlighted that it was of immense pride for Saudi
Tabreed to be working on developing the Project for an internationally
acclaimed company such as Saudi Aramco. The representatives of Saudi Aramco
showed immense professionalism during the discussions and finalization of the
Project. This reflected the keenness of Saudi Aramco towards the
participation of the private sector in the development of current and future
projects planned by the company.

During the occasion, Mr. Nabeel Abdullah Al-Jama, Executive Director for
Community Services, Saudi Aramco mentioned that this deal emphasis Saudi
Aramco's concern with regard to the energy conservation as well as giving a
chance to private sector to invest and work in Saudi Aramco projects which
will reflect positively on the national economy.

The District Cooling basically is generating chilled water from one or
multiple sources and distributing to cluster of buildings in the same
district using pre-insulated pipe network.

Bander Alhassan, M :+966-555-222636, email : bander@glocalksa.com

Bander Alhassan, M :+966-555-222636, email : bander at glocalksa.com