Imdaad to launch dedicated R&D facility
Imdaad to set aside 3% of its revenue in the first year for its R&D department, with that figure set to increase in coming years
Dubai-based facilities management (FM) service provider Imdaad has announced plans to set up a dedicated research and development (R&D) department within its head office in Dubai.
The decision to establish an in-house R&D unit comes as part of Imdaad’s commitment to align its business with the UAE National Innovation Strategy 2021, which recognises innovation and research as fundamental pillars of a knowledge-based, highly productive and competitive economy.
Imdaad group CEO Jamal Abdulla Lootah said: “With this strategic move, we take a significant step in making our business more self-sustaining by creating a culture of innovation.
“Imdaad is constantly looking to build its innovation capabilities, and having a dedicated R&D department will allow us to develop and rapidly bring to market breakthrough products and services that will catalyse our company’s growth and contribute to the overall advancement and growth of the FM industry in the region.”
For the first year, the FM company has committed to spending 3% of its revenue on setting up and developing a sustained R&D function, and the financial commitment will increase in later years depending on business needs.
The R&D activities will primarily be focused on three areas – engineering, business, and the environment – with water, renewable energy, fleet, services, and development of indigenous products identified as key areas of priority.
“Imdaad has outlined an ambitious goal of reaching AED 1 bn in revenue within the next three years. We also aim at being the first FM solutions provider in the region to have ownership of intellectual property in the form of patents and copyrights.
“By facilitating the incubation of innovative products that are made locally in Dubai, the R&D department will play a key role in helping Imdaad achieve its strategic goals and making its business future-ready while positioning the company as an innovation leader that is aligned with the strategic direction of the UAE,” Lootah said.
The R&D team, which will function as part of the marketing department, will collaborate with fresh graduates and students from leading UAE universities, providing an opportunity for young talents, particularly UAE nationals, to develop their skills and gain hands-on research and product development experience.
The human capital team at Imdaad has established a roadmap for the training and development of the young recruits and interns, with an emphasis on how to identify existing and emerging problems and devise practical solutions to address these problems.