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Farnek speaks of acquiring FM contracts worth AED 131mn in Q1

Company says it has mobilised over 860 staff, to handle new business, valued at AED 101 million

| | Apr 14, 2021 | 10:05 pm
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DUBAI, UAE, 14 April 2021: FM firm, Farnek said it has secured a raft of FM contracts, valued at more than AED 131 million in Q1 2021, of which AED 101 million is new business. Making the announcement through a Press release, Farnek said the contracts involve a broad spectrum of FM disciplines, covering hard as well as soft services, as well as hotel management, a new division that Farnek has only recently launched. All of the contracts vary in length from one to three years, and in total, Farnek said, it is mobilising 860 extra members of staff to service these new and renewed contracts.

Khaldun Aburok

Some of the major contract wins, Farnek said, include housekeeping and hotel management operations for Expo Village, trolley management and MEP services at Dubai International Airport, as well as cleaning services for Nakheel’s new Circle Mall in JVC and providing security for the National Petroleum Construction Company. Markus Oberlin, CEO, Farnek, said: “Almost 30% of these contracts were awarded to us from organisations based in Abu Dhabi, which underscores our growing presence and reputation in the UAE capital. Another pleasing aspect of our Q1 2021 contract wins was the broad scope of work we were entrusted with, including our very first hotel management contract, which was for the Expo Village.

“Expo Village has been designated as the official residential community to accommodate participants onsite during the Expo and comprises eleven clusters of mid- to high-rise buildings with over 2,000 apartments.” Added Khaldun Aburok, Director of Business Development, Farnek: “The FM sector is exceptionally competitive, and commercial contracts are awarded based on added value, not on price alone. Therefore, we always make a point of demonstrating a high degree of specialist training and technical professionalism, offering a cost-effective, well-equipped, highly motivated, tech-savvy workforce.”


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