Business
Imdaad Reveals AED 60 Million Investment Plan for 2017
January 31, 2017 - Imdaad, the GCC's leading incorporated facilities management (FM) company based in Dubai, has exposed that it will invest AED 60 million this 2017 to achieve growth by means of targeted procurement of local firms. The statement was made during an interview held today (Tuesday, January 31, 2017), at the Jumeirah Zabeel Saray, Hand Jumeirah in Dubai where the leading FM company likewise introduced its latest agreement wins with gigantic industry gamers and its strategic roadmap for 2017 as it relocates to seal its management in the growing regional FM sector.
In 2016, Imdaad acquired a firefighting company and a lifts, setups and maintenance company as part of its thorough expansion technique to broaden its range and solutions. The AED 60-million financial investment strategy will carry on the goals of its growth strategy this year. In addition, the company anticipates to execute strongly yet once more after sealing brand-new significant handle key companies and renewing agreements with top long-time clientele.
Its new agreements consist of a handle the Islamic Affairs and Charitable Activities in Dubai(IACAD) for the maintenance of all mosques under its mandate; Mashreq Bank; Dubai Parks and Resorts; the swank Palazzo Versace hotel; Lapita Hotel; TECOM; the Dubai Concert hall; Be'ah (Oman Environmental Services); Investment Corporation of Dubai (ICD); Nakheel; Wasl; Al Fattan Properties; Kingfield Proprietor Association Monitoring Solutions; and ENOVA.
These new developments alongside Imdaad's latest achievements and industry assumptions for 2017 were introduced versus the history of a rising FM market in the UAE. Industry approximates place the GCC's advancing FM spend at USD 892 billion over the last 25 years, with Saudi Arabia, Qatar and the UAE as leaders. Worldwide, as per a marketing research report released by Global Industry Experts, Inc., the FM industry is attended deserve USD 394.69 billion by 2017.
Jamal Abdullah Lootah, CEO, Imdaad, stated: "Although the UAE FM industry is still in its early stage when stood up against mature markets such as Europe and The United States and Canada, it is nonetheless increasing at extraordinary rate. To maximize considerable opportunities in the local and regional FM fields, we at Imdaad are increasing our initiatives to stay on par with the most recent patterns and advancements in these markets, specifically in regards to technical innovations. For 2017, we have actually laid out a comprehensive roadmap that will make certain both remarkable shipment of services to our customers and significant payments to the Emirates' socio-economic prosperity in accordance with the goals of UAE Vision 2021. With our brand-new contracts and key investment method, we like dealing with all our companions from the public and private sectors to accomplish our advancement purposes."
In line with its technique of keeping market management in presenting pioneering services and innovative solutions, Imdaad has started a variety of game-changing campaigns over the past years that have had improved the FM market in the UAE. The state-of-the-art Imtedaad, for instance, has actually turned into one of the industry's much-talked-about technological platforms because of its ability to intelligently analyze the efficiency fads of interconnected assets.
Imtedaad - designed based on the principle of the Internet of Points (IoT) - works by correlating all necessary data with the actions of the structure's eco-system to come up with a set of suggestions and rehabilitative actions. Among the technology's superior functions include cognitive computing platform, anticipating maintenance capacity, smooth machine-to-machine (M2M) interaction, automatic corrective steps, real-time surveillance and tracking of possessions, and energy monitoring. It has a considerable potential to decrease the use of energy by approximately 50 percent and increase center usage by as much as 80 percent.
Imdaad has constantly stressed on releasing environment-friendly equipment and sustainable technologies throughout its operations to ensure the highest level of service to its clients. The move likewise proactively contributes to the UAE's strategy to construct a sustainable economic climate and an atmosphere that will aid enhance the quality of life in the nation