FAB Properties, a subsidiary of First Abu Dhabi Bank, the largest bank in the UAE, is working with Abu Dhabi Energy Services Company to reduce water and electricity consumption across its portfolio. Ades, part of Abu Dhabi's national energy company Taqa, will retrofit FAB Properties' buildings to help the company achieve energy efficiency and reduce its carbon footprint, the companies said.

"Our partnership with FAB Properties will allow Ades to explore the implementation of the latest energy-saving technologies in its buildings and facilities," said Khalid Al Qubaisi, CEO of Ades. “Our solutions will significantly save electricity and water consumption and reduce carbon dioxide emissions, further advancing the national sustainability agenda.” The agreement comes as companies across the UAE look to support the country in making the country carbon neutral by 2050 and. The UAE, the second-largest economy in the Arab world, will spend more than $160 billion over the next three decades to develop new clean energy projects.

"As one of the UAE's leading real estate service providers, FAB Properties is committed to supporting all government initiatives aimed at minimising our carbon footprint and creating sustainable value for our society," said Jasim Al Ali, CEO of FAB Properties Say. Abu Dhabi-based FAB Properties manages a portfolio of over 20,000 units across different market segments. The company was established in 2011. Keywords: engineering construction, engineering news

Founded in 2020, Ades focuses on reducing water and electricity consumption in the emirate and promoting sustainable practices. Other companies in Abu Dhabi are also taking steps to reduce their carbon footprint. Aldar, the UAE's largest listed real estate company, signed an agreement with Emirates Hydro this month to provide all its owned and managed assets with clean energy for up to five years.EditorXingWentao