[UAE, NOV 08, 2017] –EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC).
Under the terms of the agreement, EFS will provide integrated facilities management services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management (CAFM). The contract will run over an initial period of three years.
“King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said Mr. Tariq Chauhan, Group CEO, EFS Facilities Services. “With our expertise and experience in managing world-class facilities and technology-driven processes, we aim to maintain the highest standards of service appropriate to this ground-breaking city.”
“The complexity of operating a development on the scale of KAEC demands the very highest levels of specialist expertise across multiple business verticals. We selected EFS as our integrated facilities management service provider based on their wide-ranging industry expertise and their proven track record throughout the region,” said Eng. Ayman Mansi Acting CEO of KAEC’s Industrial Zones Development Company Limited and Senior Director of New Business Ventures. “We have every confidence in our new partner and look forward to a long and happy working relationship.”
KAEC is the largest privately-funded new city development in the world, covering an area of 181 square kilometers on Saudi Arabia’s Red Sea Coast. The city’s King Abdullah Port is one of the world’s top 100 container ports and feeds a growing logistics and manufacturing hub. The city is also the largest residential real estate company in Saudi Arabia in terms of sales and operates a wide range of commercial, leisure, and retail outlets. The city is under development by Emaar, The Economic City.
News Source: Dubaiprnetwork
News Source: Construction week Online
News Source: Twinfm
[UAE, SEP 24, 2017] –EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, North Africa, South Asia, today announced that the company has sustained its growth momentum by securing contracts worth AED 1 Billion across its operating regions.
The company was awarded key contracts in its biggest markets i.e. UAE, Saudi Arabia, Qatar, Jordan, and Egypt, for both public and private sector clients operating in various industries such as education, master communities, residential, and commercial entities. Buoyed by the project wins, EFS is set to achieve a commendable revenue growth of 26%, despite the challenging macro and socio-economic scenarios in its major markets.
Tariq Chauhan, Group CEO, stated: “We are pleased with the progress that EFS has achieved in 2017, despite the significant pressures experienced by the global FM industry due to the vagaries of the global economy. EFS has adopted an innovative strategy and pro-active approach in business development which has helped us deliver key project wins in the region. We are constantly engaging with existing and prospective clients to raise awareness about the benefits of professional FM services which have started to pay off, as evidenced by the strong growth in our project awards amounting to AED 1 Billion, as well as projected 26% revenue growth.
It’s important that the industry keeps a finger on the economic pulse of our markets, which are turning more fiscally conservative and have high expectations of realizing value for their expenditure. We are utilizing the opportunities presented by the current market conditions, to expand our presence in lucrative markets like Nigeria, Morocco, Ethiopia, and Sudan, which we expect to emerge as growth and demand drivers in the future.
We are also strengthening our fiscal discipline and will be extremely risk averse, and only work with select and reputable clients across the region. We are readying ourselves for the looming period of consolidation in our industry, and the resultant churning will weed out the unorganized sector, leaving large, multinational, professional FM services providers standing. Powered by our unceasing efforts to spread the benefits of global best practices, modern innovation and technology, as well as our motivated and talented multi-cultural, multi-national workforce, we are confident of consolidating our leadership position in our key markets, in the mid and long term.”
[UAE, MAY 22, 2017] –The International Facility Management Association (IFMA) in collaboration with the Royal Institution of Chartered Surveyors (RICS) recently announced the launch a suite of credentials and professional qualifications for the FM industry. Following their recent collaboration, the launch of the credentials will provide a professional career path and accreditation for leaders and aspiring leaders in the facility management sector.
Robert Jackson, RICS Regional Director said, “The launch of the suite of credentials is an exciting milestone in the evolution of FM as a professional discipline. IFMA and RICS are supporting the global evolution of FM into a strategic function that delivers operational asset performance and capital asset protection as well as facilities that help drive occupier business performance or experience. The suite of credentials provides access to a clearly defined career path for all FM professionals which has never been possible before.”
The launch of the credentials coincides with the first World Workplace Forum being held in the Middle East and focused on “Dispelling the Myth: Strategic Facility Management vs traditional Facilities Maintenance”. Attracting an international delegation of high profile senior professionals, FM experts and decision makers, the event will explore how international best practices can influence asset management strategies in the region. Several high-profile speakers at the event shared their experience and discussed industry best practice that will benefit the region
Tariq Chauhan, Group CEO, EFS Facilities Services – “IFMA is a reputable institution and supporting the 2017 World Workplace Forum, demonstrates EFS’s faith in the Facilities Management Excellence across the region. Events like these help top service providers come under one roof and discuss the key challenges and trends in the Facilities management industry today. Our association with IFMA and RICS is our small way of promoting the importance of strategic facility management in the region.”
[UAE, APR 11, 2017] –EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia, today announced the landmark achievement of securing more than US $1 Billion (AED 3.67 Billion) worth of ongoing contracts globally, for the first time in its history.
The significant milestone was accomplished on the back of the USD 200 million worth of project wins secured in 2017 from various key markets, including UAE, KSA, Qatar, and India. EFS also strengthened its revenue stream amidst an overarching economic slowdown in the region, achieving steady and robust revenue growth, representing a commendable 21% CAGR growth in revenue in the last 5 years.
Tariq Chauhan, Group CEO, commented on the achievement by stating: “We are extremely delighted to have crossed the psychological (and financially significant) barrier of US $1 Billion in ongoing contracts backlog. This was a major milestone that we’d set for ourselves and we are proud of the sincere efforts, motivation, and innovation that EFS personnel have demonstrated to our clients across the region. The satisfaction and trust that we’ve earned from our clients is one of the significant influencers that have helped us expand our global operational footprint to cover more than 20 key markets across MEASA (Middle East, Africa & South Asia).
Our business progress is best demonstrated by the fact that today, we manage over 350 Million Sq. Ft. of built up commercial & residential space for several Fortune 500 companies across the MEASA region. Our client retention rate of 97%, and the sustained growth of our revenue stream in the last five years, perfectly demonstrate our regional market leadership position.
Our clients believe in the value of our services and offerings, and support our commitments to improving sustainability initiatives such as energy savings and water conservation. Our rigorous adherence to service excellence, persistent focus on deliverance, and an engaged management approach that works in close collaboration with our clients to help them achieve their business objectives, have become the hallmark of our brand’s reputation and our client relationships.
EFS will remain at the forefront of pioneering and introducing cutting edge technologies in the industry, and recently launched an innovative fully integrated IT platform called FMPRO. Developed entirely in-house, FMPRO is a game changer that improves service delivery, reduces down time, leads to rationalization of operating costs and ensures transparency across all facets of service delivery models. We will continue to boost our investment in management information systems to improve the spectrum of benefits we can offer and share with our clients.
We have earmarked 2017 as a year of consolidation of our business fundamentals, and strategic expansion into newer markets and lucrative sectors, to fuel our growth. We foresee sustained midterm growth in our key markets of UAE, KSA, Qatar, Egypt, and India, driven by the rising demands of growing population. We will also infuse new ideas and fresh out of the box thinking by growing our global workforce which currently exceeds more than 15,000 skilled and experienced personnel. 2017 will also be the year where we reinvigorate the Training and Development of our employees to empower us to evolve and enable us to move ahead onto the next phase of growth.”
[UAE, FEB 28, 2017] –EFS Facilities Services (EFS), a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, today announced a tie-up with National Bonds Corporation, a leading investment company (owned by The Investment Corporation Dubai) offering innovative shari'a compliant savings and investments solutions , to launch an innovative Employee Savings Program to cover more than 3,500 site operations personnel at various projects across the UAE.
Under the scheme, EFS will gift a National Bonds Savings Certificate to its blue-collar employees, which will also be accompanied by a brief introduction about the importance of financial planning, discipline, savings, to create a long-term safety net for the financial security for their families.
The Employee Savings Program marks the commencement of a Financial Planning Campaign, led personally by Mr. Tariq Chauhan, Group CEO, to promote financial education and wellness practices oriented to help employees achieve financial security, inspired by the slogan ‘Save, Relax and Enjoy’.
Terming it a landmark initiative, Mr. Tariq Chauhan commented, “We are pleased to launch the innovative Employee Savings Program initiative for our site operations personnel across UAE, in association with National Bonds Corporation PJSC.
“We believe that the initiative, aimed at imparting important knowledge about the wisdom of saving and investing money to secure our future, is highly relevant and critical in today’s times. The gift of a National Bonds Certificate will endorse UAE as a primary destination to invest their savings to achieve sustained growth and returns on investment. We hope that a widespread adoption of this initiative will result in a substantial boost to the local economy and redirect a portion of the outflow of home remittances into local savings platforms, as a viable and sustainable investment channel.
“Stress related to financial security has unfortunately become rampant, especially under the prevailing socio-economic uncertainty around the world. We hope that the Savings Program will put their financial worries at ease, gift them with much needed peace of mind, and empower them to focus on self-improvement and improve their productivity. “We are proud to be a People First organization and the Employee Savings Program is the first step in a series of several initiatives we intend to launch this year, as our way for thanking our site operations personnel who are the foundation and core of our growth and success. We will continue to unfurl other innovative campaigns to honor our commitment to the mental and physical well-being of the global EFS family, which today stands more than 15,000 strong.”
For his part, Mr. Mohammed Qasim Al Ali, CEO of National Bonds, said, “Inspired by the UAE Cabinet’s pioneering vision to mark 2017 as the Year of Giving, National Bonds is pleased to partner with EFS Facilities Services and register its more than 3,500 blue-collar staff across the UAE for our acclaimed Employee Savings Program. The gift of knowledge about financial discipline and regular saving will make a tangible difference to the quality of life of this EFS workforce, and help them secure their financial future. Coincidentally enough, our National Bonds Savings Index had revealed that 22 per cent of the respondents in the low-income category in the UAE managed to save at least 10-20 per cent of their monthly income, which is relatively higher than the rest of the community groups in the UAE.
“We actively support the advancement of the vibrant and thriving global expat community within the UAE in line with our core business philosophy. We acknowledge the vital contribution of the blue-collar workers to the development of the UAE, especially that they are deprived from access to financial planning and savings schemes. We hope that our partnership with EFS will encourage and lead to the launch of several similar community-focused initiatives across the nation. We call upon the expat community to continue to support the expansion of the UAE’s economy whilst building and protecting their savings through National Bonds’ unique rewarding scheme that is ethical, flexible, accessible and affordable to all segments of the UAE multinational society.”
[UAE, FEB 01, 2017] –EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, today announced major contract wins worth AED 450 Million in UAE and Qatar. The company has secured contracts to manage the premises of a major government entity in UAE as well as projects in Qatar.
The contract wins enhance the considerable gains secured by the company in 2016, where it achieved 15 % Year on Year growth to raise the ongoing projects backlog to an all-time high of AED 3.5 Billion. EFS’ track record of consistent client satisfaction, as evidenced by the industry high client retention rate of 97%, helped the company grow its clientele to span more than 300 prominent multinational conglomerates, managing more than 300 million Sq. Ft. of built up space globally.
Terming the contract wins a “positive development”, Tariq Chauhan, Group CEO stated, “We are delighted to start 2017 on a strong and positive note. The AED 450 Million contract wins are a vindication of the trust our clients have reposed in us. Despite the challenging conditions and cautious market sentiment prevailing in our region, we are confident of building upon the successes of 2016 and progressing in our long-term objectives globally.
Our strategy for 2017 will rest on the twin pillars of consolidation and growth. We remain determined in our endeavor to emerge as a leader in Total Facilities Management across all sectors and verticals in which we operate. We expect most our growth to arise from our key markets UAE, India, Qatar, and KSA.
Our strategic global footprint, sustained investments in the training and development of our skilled and experienced personnel, and unmatched track record of consistent client satisfaction, gives us a leading edge over our competitors. We derive our strength from our talented, skilled, motivated and experienced workforce (spanning more than 15,000 global professionals) who are the bedrock of our historic success.
We are convinced that the dynamic $1.2 Trillion FM market (per an IFMA study) is poised for a significant growth curve, particularly in our key markets. We remain well placed to address the growing need for globally renowned quality facilities management services, and our client centric operations and people oriented management will fuel our ambitions and nurture our expansion beyond existing horizons.”