Built to inform

Sign up for the daily newsletters

No, Thank you

EFS Facilities Services project wins worth $272m in 2017

EFS on target to achieve revenue growth of 26% amidst considerable global headwind

Tariq Chauhan.
Tariq Chauhan.

EFS Facilities Services has confirmed that it has secured project wins worth $272m (AED 1b) across the MEASA region.

The company was awarded key contracts, it said, in its biggest markets - UAE, Saudi Arabia, Qatar, Jordan, and Egypt, for both public and private sector clients operating in various industries such as education, master communities, residential, and commercial entities.

The project wins has helped EFS achieve revenue growth of 26%.

Group CEO Tariq Chauhan stated: “We are pleased with the progress that EFS has achieved in 2017, despite the significant pressures experienced by the global FM industry due to the vagaries of the global economy.

“It’s important that the industry keeps a finger on the economic pulse of our markets, which are turning more fiscally conservative and have high expectations of realising value for their expenditure.”

Chauhan added: “We are utilising the opportunities presented by the current market conditions, to expand our presence in markets such as Nigeria, Morocco, Ethiopia, and Sudan, which we expect to emerge as growth and demand drivers in the future.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week Middle East 11th Jan 2020
Jan 16, 2020