Mubasher: Imdaad, the Dubai-based leading integrated facilities management (FM) company, said Tuesday that it will invest AED 60 million in 2017 to achieve growth via targeted acquisition of local firms.
In 2016, Imdaad acquired a fire fighting company and a lifts, installations and maintenance firm as part of its comprehensive expansion approach to widen its scope and services, according to a statement.
The AED 60-million investment plan will help in achieving the objectives of the company’s growth strategy this year.
The company’s new contracts include a deal with the Islamic Affairs and Charitable Activities in Dubai (IACAD) for the upkeep of all mosques under its mandate; Mashreq Bank; Dubai Parks and Resorts; the posh Palazzo Versace hotel; Lapita Hotel; TECOM; the Dubai Opera house; Be’ah (Oman Environmental Services); Investment Corporation of Dubai (ICD); Nakheel; Wasl; Al Fattan Properties; Kingfield Owner Association Management Services; and ENOVA, the statement added.
“Although the UAE FM industry is still in its infancy when held up against mature markets such as Europe and North America, it is nonetheless accelerating at unprecedented rate. To capitalize on considerable opportunities in the local and regional FM sectors, we at Imdaad are intensifying our efforts to keep up with the latest trends and developments in these markets, especially in terms of technological innovations,” Jamal Abdullah Lootah, CEO, Imdaad, said.
“For 2017, we have laid out an all-encompassing roadmap that will ensure both exceptional delivery of services to our clientele and significant contributions to the Emirates’ socio-economic prosperity in line with the goals of UAE Vision 2021. With our new agreements and key investment strategy, we are keen on working with all our partners from the public and private sectors to achieve our development objectives,” he added.
