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Global Major EMCOR forms JV for Facilities & Property Management at Bahrain Financial Harbour
Signed between Bahrain Financial Harbour Holding Company (BFHHC), Financial Centre Development Company (FCDC) and EMCOR Facilities Services Group (EFSG), JV to include delivery of Integrated Facilities, Estate and Property Management solutions.
Manama, Bahrain, 16 March 2008; As part of its ongoing commitment to provide world class Facilities Management, Operational Support and Property Management solutions to all stakeholders and customers within the Bahrain Financial Harbour (BFH), the Bahrain Financial Harbour Holding Company (BFHHC) and Financial Centre Development Company (FCDC) announced at a signing ceremony, in the Kingdom of Bahrain, on 16 March 2008 the establishment of a Joint Venture (JV), with EMCOR Facilities Services Group (EFSG) for the delivery of Integrated Facilities, Estate and Property Management solutions.
The Joint Venture Company, to be known as EMCOR Facilities Services W.L.L. (Bahrain), shall provide the full range of Facilities and Property Management services, to the BFH development, including all estate management and customer support services including Operations and Maintenance, asset and property management and integrated system solutions.
Commenting on the Joint Venture Dr. Omer El Mardi, Managing Director of BFHHC and FCDC stated "As part of our continuing objectives to offer world class support services to our stakeholders and customers we recognised the strategic need and benefits of entering into a partnership with a world leader in Facilities and Estate Management Services to support our development objectives within BFH and to other real estate developments in the Kingdom of Bahrain. We are very pleased to have concluded a joint venture with EMCOR and look forward to a successful relationship as we move forward with our development at BFH and elsewhere in Bahrain".
EMCOR UK, a subsidiary of EMCOR Group, Inc. (NYSE:EME), a Fortune 500® company, EMCOR Facilities Services is a global leader in integrated Facilities and Engineering Management services with an annual turnover of US$ 6.7 billion with a total staff of some 27,000 in some 140 locations worldwide., provides technical support services to EFSG. EMCOR Group Inc. provides facilities services management to The Pentagon, State Department, Ronald Reagan Building and International Trade Center, the Smithsonian's new Udvar-Hazy Air and Space Museum at Dulles International Airport. In the Middle East EFSG already has Facilities and Estate Management businesses in Dubai, Abu Dhabi, Qatar and Kuwait. EFSG clients in the Middle East include Nakheel, SAMA Dubai, Dubai Multi Commodities Centre Authority (DMCCA), Qatar Olympic Committee (QOC), Tatweer, Lulu Tourism Company (Bahrain), Dubai Airport, HSBC, Abu Dhabi National Exhibition Centre (ADNEC), Mashreq Bank and IFA Hotels and Resorts amongst others.
Commenting on the JV, Mr. Christian Roberts, Chief Operating Officer, EMCOR Facilities Services Group (Middle East) stated: "We are delighted to have entered into the Bahrain Market, as part of our regional growth strategy, with such a prestigious Development Company and for such a landmark development at Bahrain Financial Harbour. We are committed to applying our international and regional expertise, people, systems and processes to provide truly integrated and best practice service solutions to the BFH development and the new business in Bahrain".
The JV management team is currently mobilising to the Kingdom of Bahrain and will shortly commence the "roll out" of its business plan for the BFH development including implementation of EMCOR's Quality Management System, Service Procurement Strategy and Asset Management System which will include a 24/7 Call Centre for all current and future tenants within the BFH development.
Elaborating Mr. Scott Wilson, EMCOR Facilities Services Group (Middle East) Business Development Director and Managing Director of their FM Consulting business who led the development of the business strategy and negotiations with BFHHC, added: "We have, together with senior management of BFHHC, developed, over the past year or so, a clear strategy and plan for both the current and future developments within the BFH development and the future growth of the business in the Kingdom of Bahrain which is aligned to the service excellence objectives of our shareholders. Our Operations team has commenced work and we look forward to successful cooperation with all current service providers and new business partners in the Kingdom of Bahrain".
EMCOR ( Bahrain) services will initially commence with the 250,000 M2 Financial Centre buildings which incorporate the stunning Harbour Towers and Harbour Mall which are exclusively providing high quality prime office space for local, regional and international financial services industry whilst the Harbour Mall is housing high quality rental outlets, cafes and other leisure facilities as well as the Bahrain Stock Exchange and brokerage and trading firms.
Engineer Nawaf Rashid Sadeddin, Chief Development Officer, BFHHC, further commented: "Our Joint Venture with EFSG represents a further milestone in our ongoing strategy and process to provide high quality standards of service excellence to our partners, customers and tenants within the BFH development and we look forward in the coming few months to a successful implementation of EFSG's Facilities and Estate services solutions."
Note to the editor
About BFH
A fully integrated, master-planned development, the US$ 3-billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unsurpassed position as the financial capital of the Middle East. A first of its kind development in the region, BFH is a highly focused, committed and advanced financial environment spread over 380,000 square metres of prime seafront property in the centre of Manama, Kingdom of Bahrain. Furthermore, it comprises of 10 projects that uniquely combines business, leisure and residential components under one canopy. Phase I of the project ‘The Financial Centre' which includes the Harbour Towers - Bahrain's tallest towers and the Harbour Mall. The Financial Centre is operational and open for business.
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