EFS Facilities Services bags $122m contract wins
EFS Facilities Services has bagged a massive $122m contract to deliver integrated FM services in UAE and Qatar
EFS Facilities Services announced major contract wins worth $122m in the UAE and Qatar.
The recognised regional leader in delivering integrated FM services across the Middle East, Africa, South Asia and Turkey, has secured contracts to manage the premises of a main government entity in the UAE as well as projects in Qatar.
In 2016, the company achieved 15 % y-o-y growth, and this win has enhanced the ongoing projects backlog to an all-time high of $953m.
The company enjoys a sound track record, as demonstrated by the industry high client retention rate of 97%, which has helped the company expand its clientele to cover more over 300 key multinational corporations, managing more than 91,000000m² of built up space globally.
Tariq Chauhan, group CEO termed the contract wins a “positive development” and added: “We are delighted to start 2017 on a strong and positive note. The AED 450 million ($953m) contract wins are a vindication of the trust our clients have reposed in us.”
He said that despite the challenging conditions and guarded market sentiment prevalent in the region, the company remained confident of building upon 2016’s successes “and progressing in our long-term objectives globally”.
He outlined that the company’s strategy for 2017 will “rest on the twin pillars of consolidation and growth’ and added that it remains resolute to “emerge as a leader in Total Facilities Management across all sectors and verticals in which we operate”.
Chauhan said that most growth was expected to arise from key markets UAE, India, Qatar, and KSA.
He continued: “Our strategic global footprint, sustained investments in the training and development of our skilled and experienced personnel, and unmatched track record of consistent client satisfaction, gives us a leading edge over our competitors.”
He attributed the company’s strength to its “talented, skilled, motivated and experienced workforce (spanning more than 15,000 global professionals) who are the bedrock of our historic success”.
Chauhan concluded that the company remains convinced in the growing $1.2 trillion FM market and “is poised for a significant growth curve, particularly in our key markets. We remain well placed to address the growing need for globally renowned quality facilities management services, and our client centric operations and people oriented management will fuel our ambitions and nurture our expansion beyond existing horizons”.