Company teams up with leading property developer to deliver comprehensive facilities management solutions across the country
New Cairo, 23 June 2022: Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, has officially established a new joint venture with LMD, Egypt’s fast-growing developer of premium-quality real estate, to deliver a full range of world-class FM solutions throughout the whole of Egypt.
Based in New Cairo, the joint venture will provide services across Egypt through leading developers, corporate clients, a number of sectors including hospitality and retail, and LMD’s portfolio of projects. This will include international standard FM solutions to tenants and customers across all these prestigious locations. The agreement will leverage Imdaad’s expertise to deliver a variety of hard and soft services to enhance the quality of life for residents.
With a focus on creating value and driving improved standards within the local market, the joint venture is set to reduce operational costs of buildings in the long term by protecting and enhancing FM asset life. Imdaad aims to employ more than 2,000 employees in Egypt by 2026 and is looking to expand further as it consolidates its position within the local market. The key focus in the initial phase will revolve around developing engineering and soft service roles, with additional opportunities to be created in management, support services, and administrative support.
The joint venture was announced during a special signing ceremony in the presence of Imdaad Chairman, Mr. Abdul Latif Almullah, Group CEO, Mr Jamal Abdulla Lootah and Group COO, Mr. Mahmood Rasheed together with LMD CEO, Co-Founder, Eng. Amr Sultan and Group Investment Manager, Mr. Mohamed Mubarak.
Mr. Jamal Lootah, Group CEO of Imdaad, commented: “We are delighted to team up with a distinguished partner such as LMD as we embark on the next chapter of Imdaad’s strategic growth. The Egypt market offers many exciting opportunities as we look to further strengthen our global footprint and deliver integrated FM solutions of the highest quality across LMD’s portfolio. We look forward to working closely together to elevate standards in the local industry and establish Imdaad as the trusted provider of choice for customers in Egypt and the wider region.”
Building on its proven track record, Imdaad is poised to become a leading IFM provider in Egypt through the new joint venture, which is projected to begin operations in Q3 2022. The group plans to further enhance its services within the country over the mid to long term by offering existing tailored services through its business divisions, such as pest control through its Environmental Services division, firefighting services through its Vision Safety division, and elevator and escalator services through Nigma.
The joint venture will also see the utilization of Imdaad’s intelligent platform for facilities management, providing real-time insights on the performance and trends of interconnected assets and ecosystems to offer recommendations for predictive maintenance and corrective actions.
Founded in 2007, LMD boasts a wide selection of projects, spanning commercial, residential, and mixed-use developments with a strong foothold in the United Arab Emirates, Spain, and Greece. LMD’s portfolio in Egypt covers a multitude of distinctive projects including One Ninety; a 330,000 square meter community located in New Cairo, which is home to The W Residences Cairo and W Cairo Hotel.
Imdaad is a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Established in 2007, the company is headquartered in Dubai with site offices and branches across the UAE, including Abu Dhabi. Imdaad's suite of complete turnkey solutions includes Integrated FM, Hard FM, and Home-Pro, as well as Environmental Services such as solid waste and wastewater management and power rentals. In addition, Imdaad’s intelligent platform for facilities management, Imtedaad, provides real-time insights on the performance and trends of interconnected assets and ecosystems to offer recommendations for predictive maintenance and corrective actions. Owing to its personalized business model that is based on providing cost-effective and sustainable services, Imdaad has grown to become the partner of choice for customers within the UAE and across the GCC. The company's multi-cultural workforce comprises 9,000 skilled employees, representing over 45 nationalities. For more information, please visit www.imdaad.ae.