Main UAE-based sensible and inexperienced services administration (FM) firm Farnek achieved document gross sales income in 2024, securing a number of recent and retained contracts, valued at greater than AED 690 million.

In whole throughout 2024, Farnek was awarded greater than 460 contracts, with over 1,500 further members of workers, mobilised to websites throughout the UAE and Saudi Arabia, bringing their whole headcount to over 9,000. 

In response to Markus Oberlin, Group CEO at Farnek, the document quantity of contract wins is a testomony to Farnek’s extremely profitable enterprise technique, which focuses on revolutionary, AI-driven and sustainable FM options. 

“2024 was an excellent 12 months for brand spanking new enterprise improvement and contract retention. We managed to extend our market share within the UAE and in Saudi Arabia, via sectors reminiscent of vitality, healthcare, aviation, hospitality, retail, business and residential property.

“Given the fast progress in actual property improvement, demand for revolutionary AI-driven sensible and inexperienced options will proceed to drive the FM market all through the GCC, as firms attempt for automation, sustainability and price effectivity.” 

Farnek has steadily elevated its share of the Abu Dhabi FM market with new enterprise wins totalling AED 240 million, which incorporates Khalifa Sport Metropolis, Etihad Airways Engineering and the Barakah Nuclear Energy Plant.

Farnek additionally made appreciable features within the hospitality sector by successful a number of hospitality contracts valued at AED 72 million mobilising 450 workers.

Safety was one other sector the place Farnek made appreciable features by successful a number of contracts valued at over AED 25 million, from main firms reminiscent of GMG, Aramex, MAG EYE, AZADEA, NAS 2 and MIZA Investments. 

Farnek’s residence upkeep firm Hitches & Glitches, secured a major contract with Emaar Hospitality to handle again of door providers, for 14 Emaar Residence Towers that includes greater than 7,000 flats, in addition to contract wins for King’s Faculty Hospital and its clinics.

Farnek’s sensible FM options firm HITEK, has carried out its digital options at Sports activities Boulevard in Riyadh, with a further contract for the mining firm Maaden and has efficiently developed and activated a cutting-edge group app for the MAG Metropolis improvement in Dubai plus a waste administration settlement with du.

“HITEK additionally launched its Housekeeping Plus resolution final 12 months, a sensible cellular utility for the hospitality sector and its MEDTEK resolution has been arrange efficiently and is already supporting greater than 10,000 sufferers,” added Oberlin.

One other notable achievement in 2024 was Farnek’s assist for the Burj Khalifa’s profitable LEED O+M Platinum Certification. Farnek has been offering MEP exhausting providers for the world’s tallest constructing since 2010. 

Farnek providers a variety of trade sectors and its scope of labor features a appreciable variety of contracts for whole services administration (TFM) in addition to devoted exhausting and tender providers reminiscent of MEP, cleansing, upkeep, safety and housekeeping, amongst others.

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