UAE – Mubasher: Farnek, leading technology and sustainability-driven facilities management company based in the UAE, has invested AED 5 million into research and development (R&D).
Through this investment, Farnek aims to benefit from the growing demand for commercial security in Abu Dhabi, particularly manned security detail, over the coming four to five years, according to a press release on Sunday.
Farnek’s security division has gained remarkable market share during the past 12 months at its Abu Dhabi office on the back of the introduction of its unique smartwatch system, as well as a highly trained workforce able to maximise the benefits this new technology affords.
The company’s manned security division in the UAE’s capital has seen an outstanding growth with an existing customer base including hotels, residential real estate and industrial premises, Farnek highlighted.
Farnek currently outperforms the market with a growth rate of 8% per month with 170 guards. The company launched initially in 2017 with only 72 guards.
Saeed Tamimi, Farnek’s Abu Dhabi Security Manager, said: “Security in Abu Dhabi has witnessed incredible growth over the last decade, in parallel with the UAE capital’s economic performance and the rapid growth of its infrastructure.”
“Naturally, across all vertical industry sectors including tourism, real estate, leisure and banking, end-to-end mobile, digitally led, full protection services, are in high demand. This is where Farnek has been able to capitalise on and expedite its market offering,” he added.
Tamimi also expected the company’s headcounts in Abu Dhabi to more than grew within the next few years when infrastructure becomes “more sophisticated and demand for technology-led security and surveillance increases.”
For his part, Markus Oberlin, CEO of Farnek, said: “This new age surveillance is all about automation, intelligence, and resource efficiency.”
“We are currently focusing on command and control room solutions, body cameras and Mobile DVRs, time & attendance solutions with Cloud management and video door phone systems,” Oberlin added.
