EFS Facilities Service Group, a facilities management service provider in the Middle East, Africa and South Asia (MEASA), on Tuesday said it signed contracts worth Dh400 million in the first half of this year.
The company recorded strong growth by winning regional contracts awarded by international banks and multinational corporations across the MEASA region along with significant local contracts in the UAE, India and Egypt.
The new deals included contracts for the provision of integrated facilities management services for Abu Dhabi Education Council (Adec) schools, Abu Dhabi government buildings, local and international banks as well as Fortune 500 multinationals. These new contracts enhanced the company’s impressive portfolio which included more than 200 prestigious contracts operated by EFS, regionally.
The company said new contracts across its regional portfolio has given it the confidence of achieving 25 per cent growth by the end of 2014, which is substantially higher than its previous year’s performance.
A recent report by the Middle East Facility Management Association (MEFMA) suggested that around Dh80 billion was spent on FM services in 2012 while the growth by 2020 has been projected at Dh300 billion.
The boom in the FM industry has prompted EFS to implement a strategic expansion initiative in the GCC, South Asia and Africa. The company continues to remain strongly focussed on training and development of its human resources as it firmly believes that the people are its most valuable assets. The company has effectively used the progression tool to develop its human resources while improving efficiencies and productivity across all levels.
Tariq Chauhan, Group CEO, EFS Facilities Services, said: "Today, stakeholders and corporate players understand the importance of having efficient infrastructure, improved building management, as well as the importance of moving from an in-house fixed-cost model to a variable outsourced model. This realisation will facilitate an increased demand for outsourced services in the region.”
“As such, the UAE, Egypt and India continue to remain strong FM markets due to the increasing GDP contributions of its construction and real estate segments. The African and South Asian countries have been witnessing fast-paced growth, which presents ample growth opportunities for the FM industry,” he added.