Mubasher: Saudi Arabia’s Unified Real Estate Development and Kuwait’s IFA Real Estate Services Group have established Sahalah Facilities Management (Sahalah FM), a joint venture providing real estate asset owners with holistic and integrated facilities management solutions in the Saudi market, according to a recent press statement.
The new joint venture, Sahalah FM, is expected to unite the business of both Unified Real Estate and the Kuwaiti firm, which is one of the leading companies providing hospitality building services and contract facilities management in the UAE.
Unified Real Estate Development is headquartered in Riyadh, and considered one of the pioneers in Saudi Arabia, with 46 shopping centres across the Kingdom.
IFA Real Estate Services operates and manages commercial, residential, and hospitality assets over a range of geographical base across four continents.
“The new venture is already starting to generate interest from asset owners and we are positive even in these nascent stages,” the president of Unified Real Estate Development, Prince Bandar Bin Khaled Al Saud, said.
“We are delighted to be partnering with Unified Real Estate Development on this new enterprise. Their strength and diversity, coupled with our vision of providing best-in-class service to property owners in Saudi Arabia, supplements our overall vision for regional expansion,” CEO of IFA Real Estate Services Joe Sita commented.
“Sahalah FM covers six core areas of the real estate management and servicing industry ranging from concierge and security, through public area cleaning to a highly experienced asset and building management function covering waste, utility and environmental efficiency,’ the statement added.
