Dubai, 5 July 2009 - EMCOR Facilities Services Group Ltd (EFSG) Middle East, has announced the launch of its operations in the Kingdom of Saudi Arabia, through a joint venture with ACWA Holding, for the delivery of integrated facilities, estate and property management solutions.
The move is part of EFSG's strategy which aims to leverage the region's single-largest market and follows the company's Middle East expansion plans.
EFSG CEO, Christian Roberts, says that property developers across the region are consulting facilities management companies in the early stages of developments, which could save millions of dollars in the long term.
"EFSG has been strengthening its strategic position in the Middle East to capitalize on this emerging trend and the growing concern of developers towards sustainability and long-term security of investments" he said.
EFSG and ACWA Holding have been awarded their first project in KSA - a contract valued over SAR 500 million to provide a range of Facilities Management and other operational support services.
Rasheed Al Rasheed, CEO and President of ACWA Holding said "against such a backdrop, we believe that EFSG will play an instrumental role in defining the standards of Facilities Management in Saudi Arabia.
"We consider our newly-established presence in Saudi Arabia as a major success and will continue to show our commitment to incorporate internationally-renowned standards, systems and processes, and utilise the expertise of our people to provide truly integrated and best practice service solutions throughout the country."
-Ends-
About EMCOR Facilities Services Group Ltd:
With an annual turnover of over 100 million US$, EMCOR Facilities Services Group Ltd (EFSG) provides total facilities services and property management solutions throughout the Middle East. Headquartered in Dubai, and with over 1,000 staff throughout the region, EFSG has operations in Abu Dhabi, Bahrain, Dubai, Kuwait, Saudi Arabia, Oman, and Qatar.
About ACWA Holding:
Since its founding, ACWA Holding, through its main affiliate ACWA Power International, has successfully pursued power and water development opportunities in Saudi Arabia and the wider Gulf region. Today, ACWA Power International stands as the largest private producer of water, a major generator of power and a leader in the privatization of state-owned utilities and assets in Saudi Arabia.
Pursuing further expansion, ACWA Holding has developed an integrated strategy of diversification into complimentary infrastructure activities including utilities and water management; district cooling; civil contracting; pipe, aluminum and chemicals manufacturing; and industrial mining. More recently, ACWA Holding has widened its activities into other infrastructure-related businesses such as the development of privately-owned industrial cities and commercial and residential real estate, facilities management and transportation with considerable success in the areas of air cargo and the expansion of the Saudi transportation network and logistics in particular.
For further information contact:
Emcor Facilities Services Group
Mariana Missakian
T: +971 4 8112300
E: mmissakian@emcorme.com
Cicero & Bernay Public Relations
Tariq Al Sharabi
Account Director
M: +971 50 626 5535
T: + 971 4 334 2966
F: + 971 4 334 2977
E: tariq@cbpr.ae
© Press Release 2009
