UAE FM firm EIPS records 30% revenue hike in 2016
Emirates International Property Services (EIPS), a subsidiary of Bloom Holding that delivers FM services, recently adopted 'B.fm' as its brand name
Emirates International Property Services (EIPS), a subsidiary of the UAE's Bloom Holding, recorded a 30% hike in its 2016 revenues, it has been revealed.
The company, which recently adopted 'B.fm' as its brand name, provides facilities management (FM) services in the UAE.
A company statement announced that the rebranding exercise "is part of the company’s strategy to gear up for the next phase of growth".
EIPS. through the B.fm brand, delivers FM services across the educational, residential, commercial, banking, sports, hospitality and retail sectors across Abu Dhabi, Dubai, and Al Ain.
B.fm's portfolio of services includes FM consultancy and operations.
Under the latter segment, the company recently completed mobilisation works for Al Ain Mall, where it is working under a three-year contract for hard FM provision, including mechanical, civil, electrical, heating, ventilation, and air-conditioning (HVAC), and specialised services.
B.fm has also completed transition management commission contracts for Bloom Central and The View Tower in Abu Dhabi, and is currently working on FM design reviews for the Soho Square and Park View developments.
The rebranding activity is aimed at furthering the progress made by B.fm over the last 18 months under a new management team.
Remarking on the company's operations, Mohamad Abou Laban, general manager of EIPS, said: "2016 was a fantastic year for us.
"We have gained a significant share in the FM market through successfully mobilising six projects in the banking, residential, industrial and retail sectors.
"In addition to restructuring our business to enhance the effectiveness of our operations, we have earned valuable ISO and BICSc certifications.
"Last year, we heavily invested in training our team members and will continue to do so in 2017 and beyond.
"Our staff strength increased from 350 in 2015 to 600 in 2016, registering 72% growth, whereas our yearly revenue surged by more than 30% compared to 2015.
"We attribute this growth to the outstanding relationships we have developed with all our clients as well as the dedication and hard work of our personnel – our biggest asset."