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EFS signs Dh400m contracts worth more than Dh400 million

The company recorded strong growth by winning regional contracts awarded by international banks and multinational corporations across the region.

EFS Facilities Services Group, an integrated facilities management service provider, has signed new contracts worth more than Dh400 million in the first half of the year.

The company recorded strong growth by winning regional contracts awarded by international banks and multinational corporations across the region along with significant local contracts in the UAE, India and Egypt.

The new deals included contracts for the provision of integrated facilities management services for Abu Dhabi Education Council schools, Abu Dhabi government buildings, local and international banks as well as Fortune 500 multinationals. These new contracts enhanced the company’s impressive portfolio which included more than 200 prestigious contracts operated by EFS regionally.

The new contracts across its regional portfolio has given the company the confidence of achieving 25 per cent growth by the end of 2014, which is substantially higher than its previous year’s performance.

Tariq Chauhan, group chief executive officer of EFS Facilities Services, said: “Today, stakeholders and corporate players understand the importance of having efficient infrastructure, improved building management, as well as the importance of moving from an in-house fixed-cost model to a variable outsourced model. This realisation will facilitate an increased demand for outsourced services in the region.”

• abdulbasit@khaleejtimes.com