Success in Saudi Arabia prompts Servcorp's EMEIA expansion
Roll out of co-working facilities across EMEIA locations underway, as historic success in Saudi Arabia makes the Kingdom a key growth market
Servcorp, a global provider of workspace solutions including serviced offices, virtual offices and co-working spaces, is expanding its presence in the Middle East as part of an aggressive growth plan for the EMEIA (Europe, Middle East, India and Africa) region.
The Company has commenced the expansion by opening an additional floor in Beirut’s Louis Vuitton Building, in the heart of the Beirut Souks, and launching a co-working space in the Al Mamoura Complex in Abu Dhabi.
Servcorp plans to open a string of premium locations across Saudi Arabia, Egypt, Kuwait and Turkey.
The company’s growing presence in the Middle East is aligned with the regional drive to stimulate entrepreneurship, attract start-ups and support the entry of established small, medium and global businesses in the region by providing world-class infrastructure, including technology and IT platforms that facilitate ease of doing business. Servcorp is also targeting growth in India, the UK and Europe.
Taine Moufarrige, Executive Director at Servcorp, commented: “Many countries are diversifying their economies through the emergence of new and innovative SMEs as well as by stimulating the entry of established companies in the region.
“Our 40 years of experience, in both developed and emerging markets, places us in good stead to support this transformative process. While other players in our space are working out their business model, we’ll roll out ours, which we know works for both our members’ and our business.”
In Abu Dhabi, Servcorp launched a co-working space in its Al Mamoura Complex branch.
The launch is part of an ongoing programme to roll out co-working facilities across the EMEIA region, along with a range of monthly co-working packages that provide businesses with access to a host of virtual and infrastructural facilities to support the growth of their operations.
The launch of the workspace was attended by H.E. Arthur Spyrou, the Australian Ambassador to the UAE.
Both expansions also included the local launch of the Servcorp Community Platform, one of the largest private business communities in the world, allowing 35,000 Servcorp members to connect and collaborate globally.
Servcorp Group, which is headquartered in Sydney and listed on the Australian Stock Exchange, injected $30m into its global business last year, to support the growth of its co-working offer, facilitate new workspace designs and augment its technology and customer experience infrastructure.