Imdaad announces AED 60 million investment plan for 2017


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Waste Management
 
February 26 2017
 
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Company reveals new contract wins with top industry players including be’ah, Oman Imdaad-announcesImdaad, a leading integrated facilities management (FM) provider based in Dubai, announced it will invest AED 60 million this year to achieve growth via targeted acquisition of local firms. Imdaad also unveiled its latest contract wins with top players in the industry and its 2017 strategic roadmap. In 2016 Imdaad acquired a firefighting company and a lifts, installations and maintenance firm as part of its comprehensive expansion approach to widen its scope and services. The AED 60-million investment plan will carry on the objectives of its growth strategy this year. Additionally, the company expects to perform strongly again after sealing new deals with key organisations and renewing agreements with top long time clientele, said Jamal Abdullah Lootah, CEO, Imdaad. The company’s new contracts include an agreement with the Islamic Affairs and Charitable Activities in Dubai (IACAD) for the upkeep of all mosques under its mandate; be’ah (Oman Environmental Services Holding Company); Enova; Mashreq Bank; Dubai Parks and Resorts; Palazzo Versace hotel; Lapita Hotel; TECOM; the Dubai Opera house; Investment Corporation of Dubai (ICD); Nakheel; Wasl; Al Fattan Properties; and Kingfield Owner Association Management Services. “To capitalise 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. 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,” said Lootah. Imdaad has embarked on a number of game-changing initiatives over the past years that have reshaped the FM market in the UAE, he noted, citing Imtedaad which “has become one of the industry’s much-talkedabout technological platforms due to its ability to intelligently analyse the performance trends of interconnected assets. ” The CEO said Imdaad was looking at horizontal expansion, seeking to include in its portfolio areas that complement Imdaad’s existing operations. The biggest challenge is awareness, said Lootah, adding that most businesses have an in-house team doing it, which is not right for the long term. Imdaad had won in 2016 a major waste collection and transportation contract with be’ah, Oman, he stated. In UAE, particularly Dubai, there is strong government support for scientific waste management “which is much more than waste collection and transportation,” said Lootah, adding that since they started their waste management services the company has been looking at ways to close the loop with proper segregation, reuse and recycling of different material. “We have a long term agreement with Jafza and have already started construction of the waste sorting facility in Jebel Ali, which will cover the new areas of Dubai and Jebel Ali development.”