Boom Holding Expands its FM Footprint to KSA

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4 Jun 2018

b.fm, a Bloom Holding subsidiary that offers a comprehensive range of integrated facilities management services, has signed a memorandum of understanding (MoU) with Saudi-based AlKifah real estate, part of AlKifah Holding, to collaborate on various opportunities to set up facilities management (FM) operations and related consultancy across Saudi Arabia.

The MoU was signed by Sameh Muhtadi, CEO of Bloom Holding and Eng. Abdulaziz AlAfaleq, CEO of AlKifah Holding at Bloom’s headquarters in Abu Dhabi in the presence of senior executives from both sides.

Under the MoU, both b.fm and AlKifah are mandated to work together in shaping a new business venture that offers commercially viable facilities management solutions in Saudi Arabia. For its part, b.fm can now extend its bespoke FM Service Model that utilizes Computerized Automated Facilities Management (CAFM) systems to deliver the highest quality of service to its clients in the country.

Speaking on the agreement, Sameh Muhtadi, CEO of Bloom Holding, said: “This MoU brings together two of the leading diversified business entities in the region to collaborate on various business opportunities related to facility management in Saudi Arabia. The agreement is also aligned with Bloom’s strategy to expand its geographical footprint and extend its offerings to new territories.”

He added: “As Saudi Arabia pushes ahead with its plans to diversify the national economy in line with its ambitious Saudi Vision 2030, Bloom is keen to capitalize on the tremendous opportunities the country presents for investors from the UAE. Together with our partners from AlKifah, we are confident that we can provide best-in-class facilities management services to a wide-range of potential clients in the Saudi market.”

Eng. Abdulaziz AlAfaleq, Group CEO of AlKifah Holding said: “we are very excited about our collaboration with b.fm and we are confident that together we can deliver outstanding solutions that cater to the FM market in Saudi Arabia by leveraging on our combined expertise and capabilities to enable our clients to better concentrate on their core business.”

AlAfaleq added: “the timing couldn’t have been better as there is a big gap in the market for quality FM services and we hope with this partnership to bridge this gap and exceed customers’ expectations.”

b.fm delivers end-to-end facility management solutions to diverse entities in the educational, residential, commercial, banking, sports, hospitality and retail sectors across Abu Dhabi, Dubai and Al Ain. The company leverages advanced technology systems, policies and procedures to carry out preventive and reactive maintenance activities coordinated via its centralized 24 x7 call center.

b. fm’s portfolio of services encompasses both facilities management consultancy and facilities management operations.

The company has received multiple international certifications including ISO 9001, ISO 14001, OHSAS 18001 and License to Practice from The British Institute of Cleaning Science (BICSc). It utilizes the state-of-the-art CAFM system and the FSI GO workforce mobility smartphone solution to drive efficiency and enhance productivity.

A leading investment company operating in Saudi Arabia since 1970, AlKifah Holding provides a broad array of investments by embracing opportunities and creating synergies. It owns and manages more than 20 subsidiaries in seven divisions, focused primarily on contracting, construction solutions, property development, business solutions, financing, paper production and community enrichment.

With corporate headquarters in the eastern province, AlKifah’s operations and running projects maintain an active presence across the kingdom and play a prime role in fostering growth and progress, making it a key player in the Saudi market.