Riyadh – Mubasher: King Abdullah Economic City (KAEC) has awarded EFS Facilities Services Group (EFS) a SAR 13 million ($3.47 million) agreement to establish a full-fledged facility management joint venture (JV) in the city.
EFS will provide integrated facilities management services in KAEC that include transport, catering, and the value-added services.
The value-added services entail the integration of smart technology and Computer Aided Facility Management (CAFM).
The deal will last for 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,” EFS Facilities Services’ CEO, Tariq Chauhan said.
“The complexity of operating a development on the scale of KAEC demands the very highest levels of specialist expertise across multiple business verticals,” Ayman Mansi the acting CEO of KAEC’s Industrial Valley and Senior Director of New Business Ventures stated.
KAEC is a Saudi large new city for development internationally and it is a giant residential real estate firm in terms of sales, and operates a number of retail, leisure, and commercial outlets.
Emaar The Economic City is the developer of KAEC.
EFS is a leader in delivering integrated facilities management services across Africa, South Asia, and the MENA.
