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Farnek Expands Abu Dhabi Operations

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Farnek has expanded its business operations across the emirate of Abu Dhabi following a raft of new and retained contract wins.

The company has responded to demand for its facility services offering by expanding its workforce in Abu Dhabi by 18 per cent to almost 1,300 personnel. Farnek is also actively considering opening an additional satellite office to support enhanced onsite customer service.

Farnek’s Abu Dhabi logistics team have also managed to optimise their transport fleet by employing larger vehicles and opitimising route management, saving time, fuel and money as well as minimising its carbon footprint.

Abu Dhabi has recorded strong economic growth in the wake of the pandemic. According to the Statistics Centre of Abu Dhabi, the emirate’s economy grew by 9.3 per cent annually in 2022, the highest in the MENA region, with GDP currently standing at US $300 billion. This robust economic growth had a notable effect on foreign investment, which increased by 9.7% in 2022, valued at in excess of US $226 billion.

CEO Markus Oberlin, observes: “This is especially true within the non-oil sectors, which now contribute more than 52% of the emirate’s GDP. Credit rating agency S&P has forecast that Abu Dhabi’s GDP will grow by an impressive 5.3% this year, which bodes well for our business operations in 2024.”

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More notable contract wins, with a value in excess of AED 240 million (US $65 million) include a total FM deployment for Mina Zayed or MiZa as it is branded, which is an emerging innovation-focused neighbourhood for diverse entrepreneurial communities. Other contracts include Etihad Airways Engineering, and the Barakah Nuclear Power Plant, where Farnek provides cleaning and maintenance services, as well as managing the facilities for the F1 Grand Prix at the Yas Marina Circuit.

Farnek’s business expansion in Abu Dhabi is a result of its successful business strategy, which focuses primarily on innovative, technology-driven and sustainable FM solutions

Farnek services a wide range of industry sectors such as energy, security, aviation, hospitality, retail and residential property. The scope of work includes a considerable number of contracts for total facilities management (TFM) as well as dedicated hard and soft services such as MEP, cleaning, maintenance, security and housekeeping appointments, amongst others.

“Farnek’s business expansion in Abu Dhabi is a result of its successful business strategy, which focuses primarily on innovative, technology-driven and sustainable FM solutions,” says Oberlin.

Abu Dhabi’s population is almost 1.6 million and has grown by 100,000 since 2021, providing ample opportunity for Farnek’s sister company, Hitches & Glitches to capitalise on the increasing size of the home maintenance market.

Farnek’s consultancy team was awarded a contract from the Higher Colleges of Technology to develop a roadmap towards net zero, HCT is the largest applied higher educational institution in the UAE, with approximately 23,000 students, studying at 16 men’s and women’s campuses including Abu Dhabi, Al Ain and Al Dhafra.  

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Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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  • Final Logo

    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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