Monday 10 August 2020

Eltizam subsidiary nets over $201m FM contracts in H1

DUBAI, July 5, 2020

Eltizam Asset Management Group, a leading provider of facility management (FM) solutions in the UAE, has announced that one of its subsidiaries Tafawuq FM has secured contracts and renewals worth more than Dh739 million ($201 million) during the first six months, thus setting a new company record. 
The landmark achievement demonstrates significant growth in the company's business - which reflects an increase of over 120% in the forward order book of the company, compared to the same period in 2019, said the company.  
Tafawuq has come a long way since it was first established in 2014 and over the years, it has successfully become one of the leading integrated FM companies in the market, offering a diverse portfolio of services to communities, residential and specialized sectors including ports, aviation, healthcare, it added.
On the achievement, Eltizam Asset Management Group COO Mohammed Alsharaf said: "The main driver to Tafawuq's continued success lies in our people - the employees who have demonstrated their key commitment towards ensuring our partners' success."
"This has become especially important during the recent disruptions caused by COVID-19, where our front liners worked around the clock to ensure safe conditions for building occupants. In addition, the company has also emphasized the importance of learning and adopting newer technologies and practices, which ensures the efficiency and safety of tenants in the buildings we safeguard," stated Alsharaf. 
"The new record we have achieved serves as an inspiration that has prompted us to create more strategic roadmaps to bring in more business growth and expansion throughout the region," he added. 
Tafawuq FM General Manager Michael Nicholas, revealing the company's shift in 2020 towards proactive energy management, said: "The implementation of the new strategy falls in line with the company's show of support and commitment for Dubai’s Integrated Energy Strategy 2030, which aims to achieve a 30 per cent reduction in the emirate's energy consumption by the year 2030. 
It is now an integral part of any new integrated facilities management (IFM) contracts. 
"At Tafawuq, we operate on the strong belief that we make a substantial impact on the living and working environment of the communities, public sector entities and businesses. Our achievements were made possible as we implement the 'Get Wonky' culture, the company’s organizational and business enhancement strategy being promoted across the Eltizam Asset Management Group," he stated. 
"Thanks to the 'Get Wonky' approach, we are able to focus our efforts on people, technology and CSR, among other aspects, and help us serve our clients better. It also enables us to maintain business continuity even as we all face the impact of the novel coronavirus (Covid-19) crisis," he added.-TradeArabia News Service


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