Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and EMEA facilities management service provider, Apleona (formerly Bilfinger Facility Management and Building Services), signed a joint venture agreement on 10th October 2016 for a new world class facilities management company.
Sharjah Asset Management signs joint venture agreement with Apleona
Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and EMEA facilities management service provider, Apleona (formerly Bilfinger Facility Management and Building Services),
Apleona delivers services for the entire lifecycle of a property – beginning with the investment itself and covering planning, construction and management as well as optimisation and sale. The customer portfolio includes corporates, banks, insurances as well as investment companies and the public sector in more than 30 countries across five continents. In financial year 2015, Apleona generated revenues of about AED 10 billion with approximately 22,000 employees.
The joint venture, facilitated by HE Waleed Al Sayegh, CEO of SAM, and Dr. Gert Riegel, COO of Apleona Facility Management, Frankfurt, is the first of its kind in Sharjah, will deliver Total Facilities Management Services to its clients, providing various specialist technical services for all types of properties in the Emirate, and with two current project contracts worth AED 20 million.
Commenting on the joint venture, HE Waleed Al Sayegh said, “We consistently aim to deliver exceptional service in the field of facilities management and building maintenance services. Once we identified that there was a void in Sharjah for delivering this level of service, and that no one was readily available to advise clients on how to improve their assets through various management operation principles, we decided that Sharjah Asset Management should seek to assist to bridge this market gap.”
In addition to facilities management services, the joint venture will provide numerous related technical services for clients, including energy management strategies and sustainability initiatives aimed at reducing energy and water consumption. The joint venture plans to assist companies with energy efficiency programs and applications, introducing new power systems and water technologies, and moving them towards applying world-class green building concepts and principles. By helping with the reduction of power and introducing sustainability initiatives, the joint venture seeks to significantly contribute towards protecting the environment and commercially to benefit its clients.
Dr. Gert Riegel added, “Apleona Facility Management goes a step further than anyone else. We successfully export the “made in Germany” stamp of quality around the globe. We operate real estate and industrial properties in Moscow, London and Sharjah to the same premium level of Apleona quality as in Munich or Berlin. We optimize the operation of properties and plants as well as processes: with German know-how, the understanding of country-specific economic processes and a focus on the individual requirements of our international customers. Our innovative facility management solutions are a value adding factor for our customers. This joint-venture between Sharjah Asset Management and Apleona will prove to be a fruitful relationship, given Sharjah’s economic and social stability. Through hard work and dedication, we seek to demonstrate that Sharjah not only provides a unique, attractive and competitive business environment, but that it also greatly commits itself to energy efficiency and sustainability.”