Saudi's King Abdullah Economic City appoints FM operator
King Abdullah Economic City awards three year IFM contract to EFS FM
EFS Facilities Services has been awarded a contract to launch an integrated facility management (IFM) venture at King Abdullah Economic City (KAEC).
Under the terms of the agreement, EFS will provide IFM services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management (CAFM).
The contract duration has been fixed for a period of three years.
“King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said Mr. Tariq Chauhan, Group CEO, EFS Facilities Services.
Eng. Ayman Mansi, acting CEO of KAEC’s Industrial Zones Development Company Limited and senior director of new business ventures said: “The complexity of operating a development on the scale of KAEC demands the very highest levels of specialist expertise across multiple business verticals. We selected EFS as our integrated facilities management service provider based on their wide-ranging industry expertise and their proven track record throughout the region.”
KAEC is a privately-funded new city development, covering an area of 181 km2 on Saudi Arabia’s Red Sea Coast.
The city’s King Abdullah Port is one of the world’s top 100 container ports and feeds a growing logistics and manufacturing hub.
The city is also the largest residential real estate company in Saudi Arabia in terms of sales and operates a wide range of commercial, leisure, and retail outlets.
The city is under development by Emaar, The Economic City.