Omega Real Estate, a leading real-estate company owned by ‘The H Holding Enterprise,’ has launched facilities management (FM) division, to cater to growing market demand in the UAE.

The Middle East Facilities Management Association (Mefam) has estimated there are between 50 to 60 companies in the UAE working in this industry, and run 70 per cent of the business without outsourcing, said a statement.

The UAE facilities management industry has been valued at $1.5 billion, with 60 per cent of the business being done in-house or managed by small, inexperienced contractors according to Omega Real Estate.

Hafeez Abdullah, chairman of ‘The H Holding Enterprise,’ said: “We are strongly focused on this booming industry in the UAE. The FM segment began to pick momentum a decade ago, but only recently has this trend accelerated.

“Under the present Real Estate Regulatory Agency (Rera), firms are asked to pick five areas, or codes, which best describe their business operations. This initiative by RERA has helped those choosing the FM code to demonstrate that they engage in powerful FM activities.”

Youssef Jammal, chief executive officer of ‘The H Holding Enterprise,’ said: “This would bring better outcomes for the sector and will raise the standards of services provided. It will also boost competition and give further momentum to the industry.”

Omega’s operations will include health and safety, fire safety, security, maintenance, testing and inspections, cleaning, operational, tendering, commercial property management, business continuity planning, space allocation and changes.

“FM is subject to continuous innovation and development, and is under pressure to reduce costs and add value to the core business of the client. We have studied this very carefully and are ready to handle several projects at once backed with great resources,” Jamal added. - TradeArabia News Service