Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and global facilities management service provider Apleona (formerly Bilfinger Facility Management and Building Services), have signed a joint venture agreement to establish a new world class facilities management company headquartered in Sharjah.
Apleona delivers services for the property lifecycle beginning with property investment and covering planning, construction and management, as well as optimisation and sale. The company’s customer portfolio includes corporates, financial institutions and public sector organisations in more than 30 countries across five continents. In the financial year 2015, Apleona generated revenues of €2.5 billion (about AED10b or US$2.7b at 2015 rates) with approximately 22,000 employees.
The first of its kind in Sharjah, the new facilities management joint venture will provide various specialist technical services for all types of properties in the Emirate, beginning with two current project contracts worth AED 20 million (US$ 0.5m). In addition to facilities management services, the joint partners expect the new venture to provide a variety of technical services for clients, including energy management strategies and sustainability initiatives aimed at reducing energy and water consumption.
Established as a long-term facilities management group, the joint venture will support facilities management and building services throughout Sharjah, as well as serve and supply the requirements for all Sharjah Asset Management’s projects and plus other projects partially owned by SAM. The new company is expected to become a major contributor to the local economy.
Sharjah Asset Management is responsible for the asset management and investment activities for the Government of Sharjah. Local investments include stakes in Air Arabia, Bank of Sharjah, Dana Gas, Sharjah Cement and Sharjah Islamic Bank.
In October 2015, Sharjah Asset Management announced the launch of Al Saja’a Industrial Oasis, a new 14 million square foot (1.3m sqm.) industrial estate near Sharjah International Airport. Al Saja’a is one of the largest industrial projects in the region and is expected to create thousands of jobs.
The ‘Apleona’ brand was launched earlier this month as the new name of German Bilfinger Building and Facility business, which was recently sold by Bilfinger SE to Swedish investment group EQT. GVA, the largest commercial property consultancy in the UK, and HSG, another former subsidiary of Bilfinger, now operate under the Alpleona organisation.
Source: SAM, Apleona
