|26 May, 2019

Smart technology key to Farnek's increased share of Abu Dhabi manned security market

FM company invests AED 5 million into R&D with ME commercial security market estimated to be worth AED 20.6 billion by 2022

L_R: Saeed Tamimi, Farnek Security Manager, Abu Dhabi and Markus Oberlin, CEO, Farnek

L_R: Saeed Tamimi, Farnek Security Manager, Abu Dhabi and Markus Oberlin, CEO, Farnek

  • Smartwatch technology to spearhead firm’s advanced market proposition

Leading UAE-based technology and sustainability-driven facilities management (FM) company Farnek is to benefit from the increased demand for commercial security, particularly manned security detail, over the next four to five years, in the UAE capital.

Farnek’s security division, based at its office in Abu Dhabi, has gained significant market share during the past 12 months, thanks primarily to the introduction of its unique smartwatch system and a highly trained workforce able to maximise the benefits this new technology affords.

With an existing customer base including hotels, residential real estate and industrial premises, Farnek has seen unprecedented growth in its manned security division in Abu Dhabi. Having launched initially with just 72 guards in 2017, Farnek is now outperforming the market with a current growth rate of eight per cent per month and now employs over 170 guards.

Discussing Farnek’s market position and the growth of the security industry in Abu Dhabi, Saeed Tamimi, Farnek’s Abu Dhabi Security Manager, said that he expects Farnek’s headcount in Abu Dhabi, to more than double within the next few years, as the infrastructure becomes more sophisticated and demand for technology-led security and surveillance increases.

“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.”   

In order to satisfy the technology demand, Farnek has invested AED 5 million into research and development to advance, amongst other tech-driven initiatives, its multifunctional smartwatch technology.

Unique to Farnek’s security offering, the Android watch is programmed, coded and developed in-house and provides attendance and incident reporting as well as call facilities. All watches are connected to Farnek’s state-of-the-art command centre, to pinpoint the exact location of guards and provide them with real-time updates.

“Through embarking on the digital transformation of our services, we’ve seen a large uptick in enquiries for our unique security service offering. Businesses like the technology, they’re encouraged by Farnek’s near 40-year pedigree, and they’re also reassured by the fact every one of our security guards has either a police or military background,” added Tamimi.

According to Gartner, the leading research and advisory company, spending on information security technology and services in the MENA region topped AED6.6 billion in 2017, an 11% increase on the previous year.

Recent market figures from research outfit, Frost & Sullivan, have estimated that the Middle East commercial security market is expected to grow at a compound annual growth rate (CAGR) of 16.5% to AED20.6 billion by 2022.

The research indicated that demand for IP-based video surveillance systems, access control and intrusion detectors would continue to drive the market, which is supported by increased government spending on infrastructure projects and the introduction of new and more stringent regulations, creating additional market opportunities.

According to Tamimi, offering a well trained and tech savvy workforce is essential if clients are going to realise the full potential of their investment in secure technology. And there are add on benefits and niche market openings.

“These opportunities are not only confined to security companies supplying hi-tech equipment and more locally-based manned security details, this sophisticated equipment will need to be installed and maintained, particularly with the UAE’s abrasive summer climate. So, we see additional prospects for more sophisticated maintenance as this fast-paced vertical market inevitably grows,” added Tamimi.

“This new age surveillance is all about automation, intelligence, and resource efficiency, commented Markus Oberlin, CEO, Farnek.

“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,” added Oberlin.

For more information, log on to www.farnek.com 

-Ends-

About Farnek: 
Farnek is the leading provider of sustainable and technology-driven Facilities Management in the United Arab Emirates. Established in the UAE since 1980, Farnek Services LLC is a Swiss-owned independent total facilities management company.

With a skilled workforce of more than 5,500 employees, Farnek delivers professional Facilities Management services to across several sectors; Aviation, Hospitality, Banking, Retail, Shopping Malls, Telecom, Residential, Commercial, Infrastructure, Government, Education, Leisure and Entertainment.

For media information, please contact:
STEVEN JONES
Managing Director
Tel: +971 4 365 2711 | Mobile: +971 50 455 9769
E-mail: steven.jones@shamalcomms.com
Office 106, Arjaan Office Tower, Dubai Media City
PO Box 502701 | Dubai, United Arab Emirates
Website: www.shamalcomms.com  

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases