We are delighted to announce that ServeU are launching a joint venture in the Kingdom of Saudi Arabia, delivering core FM services to both commercial and private clients.
Union Properties announced that it has entered into a joint venture agreement with Haddab Investment to launch an FM service entity in Saudi Arabia “ServeU KSA”.
The joint venture company will be based in Riyadh, Saudi Arabia, and will begin operation at the start of April 2015.
“ServeU is a well-established supplier specialized in facility management and provides comprehensive services across multiple sectors including the commercial, industrial and residential sectors,” shares Ahmad Al Marri, general manager of Union Properties, the owner-company of ServeU.
He adds, “The company continues to expand throughout the region, hence I believe forming a joint venture of ServeU in the Saudi market has a great potential and it would be a great opportunity to provide services solutions in Saudi with the demand for high-quality asset.”
In the UAE, ServeU’s portfolio includes the Dubai Aviation Engineering Project, the HQ and data centre of Emirates NBD, as well as a handful of properties under the Dubai Real Estate Center.
Commenting on the aspirations for the Saudi Market, Al Marri shares: “By combining our expertise in the Saudi market with a wealth of experience in building design, operation and maintenance, through planning, energy resource management and improvement, we expect to create several improvements to enhance the building facilities and increase the environmental impact in KSA.”