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Tourism Breaking News
11 hours ago
- Business
- Tourism Breaking News
Farnek achieves new business growth worth over AED 10 million in UAE hospitality sector
Post Views: 41 Farnek has witnessed significant new business acquisitions from the UAE's hospitality sector, valued at over AED 10 million so far during 2025. To service these contracts, 330 additional members of staff have been mobilised to sites across the UAE, bringing their total headcount now to over 10,000. This new business growth follows an outstanding year in 2024 when Farnek secured new and retained hospitality contracts valued at AED 72 million mobilising 450 staff. Farnek is a familiar service provider to most hospitality professionals in the UAE. Besides operational support, it is the preferred partner for Green Globe Certification, a premier worldwide sustainability certification developed especially for the travel and tourism industry. Farnek audits and assesses properties which have to comply with or exceed more than 380 rigorous sustainability indicators. Farnek has certified over 100 hotels and leisure facilities in 38 cities across the MENA region, enabling members to save in excess of 180 million kWh of energy, worth over $20 million and more than two million cubic metres of water valued at approximately $5 services to be provided include housekeeping staff, room attendants, public area attendants, technical staff, and stewards, who are all fully qualified and have been highly trained at Farnek's dedicated in-house training facility prior to deployment. According to Tamer Bishay, Director of Business Development at Farnek, the volume of contract wins underscores Farnek's strategic approach to business development, which is renowned for its innovative smart solutions, sustainability and value-driven FM market proposition. 'This is an exceptional performance, given we are not even halfway through the year. We have focused our efforts on the UAE's hospitality sector, given its rapid expansion and the integral role it plays in the UAE's economy. We have managed to increase our market share in this vertical sector considerably over the past months, and this bodes well for the second half of the year. 'Although the UAE hospitality sector is expanding at pace, competition is intense and hotels, residences, resorts and restaurants are always looking at ways to make their operations more efficient, sustainable and cost-effective without compromising on quality. Our fully trained, experienced and qualified staff can fulfil a variety of roles within the hospitality sector seamlessly.' Overall, Farnek has signed multiple new contracts with premier hospitality brands, including Kempinski, Sofitel, JW Marriott, Millennium, Emaar, Grand Hyatt, and Atlantis Dubai. In addition, just last year, HITEK AI, Farnek's sister company, launched its Housekeeping Plus solution, a smart mobile application which provides an efficient and cost-effective solution for the hospitality sector. The app, designed specifically for hotels and resorts, streamlines housekeeping operations and automates workflow.


ME Construction
17-03-2025
- Business
- ME Construction
Farnek achieved record sales revenue of over $18.63mn in 2024
Financial Farnek achieved record sales revenue of over $18.63mn in 2024 By Farnek was awarded more than 460 contracts, with over 1,500 additional members of staff, mobilised to sites across the UAE and Saudi Arabia, bringing their total headcount to over 9,000 Facilities management (FM) company Farnek has achieved record sales revenue in 2024, securing a host of new and retained contracts, valued at more than US $18.63mn. In total during 2024, Farnek was awarded more than 460 contracts, with over 1,500 additional members of staff, mobilised to sites across the UAE and Saudi Arabia, bringing their total headcount to over 9,000. According to Markus Oberlin, Group CEO at Farnek, '2024 was an outstanding year for new business development and contract retention. We managed to increase our market share in the UAE and in Saudi Arabia, through sectors such as energy, healthcare, aviation, hospitality, retail, commercial and residential property. Given the rapid growth in real estate development, demand for innovative AI-driven smart and green solutions will continue to drive the FM market throughout the GCC, as companies strive for automation, sustainability and cost efficiency.' Farnek has steadily increased its share of the Abu Dhabi FM market with new business wins totalling $64.8mn, which includes Khalifa Sport City, Etihad Airways Engineering and the Barakah Nuclear Power Plant. The firm also made considerable gains in the hospitality sector by winning multiple hospitality contracts valued at $19.4mn mobilising 450 staff. Security was another sector where Farnek gained multiple contracts valued at over $6.75mn, from major companies such as GMG, Aramex, MAG EYE, AZADEA, NAS 2 and MIZA Investments. Farnek's home maintenance company Hitches & Glitches, secured a significant contract with Emaar Hospitality to manage back of door services, for 14 Emaar Residence Towers featuring more than 7,000 apartments, as well as the contract for King's College Hospital and its clinics. Farnek's smart FM solutions company HITEK, has implemented its digital solutions at Sports Boulevard in Riyadh, with an additional contract for the mining company Maaden and has successfully developed and activated a community app for the MAG City development in Dubai plus a waste management agreement with du. 'HITEK also launched its Housekeeping Plus solution last year, a smart mobile application for the hospitality sector and its MEDTEK solution has been set up successfully and is already supporting more than 10,000 patients,' added Oberlin. Another achievement in 2024 was Farnek's support for the Burj Khalifa's successful LEED O+M Platinum Certification. Farnek has been providing MEP hard services for the world's tallest building since 2010. Farnek services a wide range of industry sectors and its scope of work includes a considerable number of contracts for total facilities management (TFM), as well as dedicated hard and soft services such as MEP, cleaning, maintenance, security and housekeeping, amongst others.


Mid East Info
20-02-2025
- Business
- Mid East Info
Farnek secures contracts worth over AED 690 million in 2024 - Middle East Business News and Information - mid-east.info
Market-leading FM company secures over 460 new and retained contracts throughout UAE and Saudi Arabia 1,500 additional staff mobilised across industry sectors such as hospitality, aviation, healthcare, events, retail and residential real estate Dubai, United Arab Emirates, February 2025: Leading UAE-based smart and green facilities management (FM) company Farnek achieved record sales revenue in 2024, securing a host of new and retained contracts, valued at more than AED 690 million. In total during 2024, Farnek was awarded more than 460 contracts, with over 1,500 additional members of staff, mobilised to sites across the UAE and Saudi Arabia, bringing their total headcount to over 9,000. According to Markus Oberlin, Group CEO at Farnek, the record amount of contract wins is a testament to Farnek's highly successful business strategy, which focuses on innovative, AI-driven and sustainable FM solutions. '2024 was an outstanding year for new business development and contract retention. We managed to increase our market share in the UAE and in Saudi Arabia, through sectors such as energy, healthcare, aviation, hospitality, retail, commercial and residential property. 'Given the rapid growth in real estate development, demand for innovative AI-driven smart and green solutions will continue to drive the FM market throughout the GCC, as companies strive for automation, sustainability and cost efficiency.' Farnek has steadily increased its share of the Abu Dhabi FM market with new business wins totalling AED 240 million, which includes Khalifa Sport City, Etihad Airways Engineering and the Barakah Nuclear Power Plant. Farnek also made considerable gains in the hospitality sector by winning multiple hospitality contracts valued at AED 72 million mobilising 450 staff. Security was another sector where Farnek made considerable gains by winning multiple contracts valued at over AED 25 million, from major companies such as GMG, Aramex, MAG EYE, AZADEA, NAS 2 and MIZA Investments. Farnek's home maintenance company Hitches & Glitches, secured a significant contract with Emaar Hospitality to manage back of door services, for 14 Emaar Residence Towers featuring more than 7,000 apartments, as well as contract wins for King's College Hospital and its clinics. Farnek's smart FM solutions company HITEK, has implemented its digital solutions at Sports Boulevard in Riyadh, with an additional contract for the mining company Maaden and has successfully developed and activated a cutting-edge community app for the MAG City development in Dubai plus a waste management agreement with du. 'HITEK also launched its Housekeeping Plus solution last year, a smart mobile application for the hospitality sector and its MEDTEK solution has been set up successfully and is already supporting more than 10,000 patients,' added Oberlin. Another notable achievement in 2024 was Farnek's support for the Burj Khalifa's successful LEED O+M Platinum Certification. Farnek has been providing MEP hard services for the world's tallest building since 2010. Farnek services a wide range of industry sectors and its scope of work includes a considerable number of contracts for total facilities management (TFM) as well as dedicated hard and soft services such as MEP, cleaning, maintenance, security and housekeeping, amongst others. About Farnek: Farnek is the leading provider of sustainable and technology-driven Facilities Management in the United Arab Emirates. Established in the UAE since 1980, Farnek Services LLC is a Swiss-owned independent total facilities management company. With a skilled workforce of more than 9,000 employees, Farnek delivers professional Facilities Management and security services across several sectors; Aviation, Hospitality, Banking, Retail, Shopping Malls, Telecom, Residential, Commercial, Infrastructure, Government, Education, Leisure and Entertainment.


Zawya
19-02-2025
- Business
- Zawya
Farnek secures contracts worth over AED 690mln in 2024
1,500 additional staff mobilised across industry sectors such as hospitality, aviation, healthcare, events, retail and residential real estate Dubai, United Arab Emirates: Leading UAE-based smart and green facilities management (FM) company Farnek achieved record sales revenue in 2024, securing a host of new and retained contracts, valued at more than AED 690 million. In total during 2024, Farnek was awarded more than 460 contracts, with over 1,500 additional members of staff, mobilised to sites across the UAE and Saudi Arabia, bringing their total headcount to over 9,000. According to Markus Oberlin, Group CEO at Farnek, the record amount of contract wins is a testament to Farnek's highly successful business strategy, which focuses on innovative, AI-driven and sustainable FM solutions. '2024 was an outstanding year for new business development and contract retention. We managed to increase our market share in the UAE and in Saudi Arabia, through sectors such as energy, healthcare, aviation, hospitality, retail, commercial and residential property. 'Given the rapid growth in real estate development, demand for innovative AI-driven smart and green solutions will continue to drive the FM market throughout the GCC, as companies strive for automation, sustainability and cost efficiency.' Farnek has steadily increased its share of the Abu Dhabi FM market with new business wins totalling AED 240 million, which includes Khalifa Sport City, Etihad Airways Engineering and the Barakah Nuclear Power Plant. Farnek also made considerable gains in the hospitality sector by winning multiple hospitality contracts valued at AED 72 million mobilising 450 staff. Security was another sector where Farnek made considerable gains by winning multiple contracts valued at over AED 25 million, from major companies such as GMG, Aramex, MAG EYE, AZADEA, NAS 2 and MIZA Investments. Farnek's home maintenance company Hitches & Glitches, secured a significant contract with Emaar Hospitality to manage back of door services, for 14 Emaar Residence Towers featuring more than 7,000 apartments, as well as contract wins for King's College Hospital and its clinics. Farnek's smart FM solutions company HITEK, has implemented its digital solutions at Sports Boulevard in Riyadh, with an additional contract for the mining company Maaden and has successfully developed and activated a cutting-edge community app for the MAG City development in Dubai plus a waste management agreement with du. 'HITEK also launched its Housekeeping Plus solution last year, a smart mobile application for the hospitality sector and its MEDTEK solution has been set up successfully and is already supporting more than 10,000 patients,' added Oberlin. Another notable achievement in 2024 was Farnek's support for the Burj Khalifa's successful LEED O+M Platinum Certification. Farnek has been providing MEP hard services for the world's tallest building since 2010. Farnek services a wide range of industry sectors and its scope of work includes a considerable number of contracts for total facilities management (TFM) as well as dedicated hard and soft services such as MEP, cleaning, maintenance, security and housekeeping, amongst others. -Ends- For more information, log on to About Farnek: Farnek is the leading provider of sustainable and technology-driven Facilities Management in the United Arab Emirates. Established in the UAE since 1980, Farnek Services LLC is a Swiss-owned independent total facilities management company. With a skilled workforce of more than 9,000 employees, Farnek delivers professional Facilities Management and security services across several sectors; Aviation, Hospitality, Banking, Retail, Shopping Malls, Telecom, Residential, Commercial, Infrastructure, Government, Education, Leisure and Entertainment. For media information, please contact: STEVEN JONES Managing Director E-mail: Indigo Icon Tower, Jumeirah Lakes Towers PO Box 337521 | Dubai, United Arab Emirates Website: A member of the ECCO Communications Network