logo
Farnek achieves new business growth worth over AED 10 million in UAE hospitality sector

Farnek achieves new business growth worth over AED 10 million in UAE hospitality sector

Zawya09-06-2025
Dubai, United Arab Emirates: Leading UAE-based smart and green facilities management (FM) company 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. The 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.
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 million.
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.
For more information, log on to www.farnek.com
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 10,000 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: steven.jones@shamalcomms.com
Indigo Icon Tower, Jumeirah Lakes Towers
PO Box 337521 | Dubai, United Arab Emirates
Website: www.shamalcomms.com
A member of the ECCO Communications Network
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Arada targets Dh15b in 2025 sales amid soaring demand for premium homes
Arada targets Dh15b in 2025 sales amid soaring demand for premium homes

Khaleej Times

time28 minutes ago

  • Khaleej Times

Arada targets Dh15b in 2025 sales amid soaring demand for premium homes

Arada is forecasting a record-breaking year in 2025, setting its sights on Dh15 billion in full-year sales as demand for high-end residential property continues to gain momentum across the UAE. The Sharjah-based master developer reported Dh9.15 billion in sales during the first half of the year, more than tripling its performance from the same period in 2024 and marking a 336 per cent year-on-year increase. The strong half-year results were driven by a surge in interest in Arada's communities in both Dubai and Sharjah, where a total of 2,382 homes were sold during the first six months of 2025 — up 247 per cent from the same period last year. Among the top-performing projects were Akala, a wellness-focused residential destination launched in Dubai in May, and Masaar 2 in Sharjah, a 2,000-unit villa and townhouse development that sold out within three hours of its February launch. Buoyed by this momentum, Arada aims to launch three more large-scale developments before the end of 2025, adding nearly 5,000 new homes to its growing portfolio. The developer is also on track to deliver 2,000 completed homes by year-end, reflecting a balanced focus on both off-plan sales and project handovers. Property market experts said Arada's projected sales target of Dh15 billion would mark its highest annual sales figure since inception—underscoring both the brand's market positioning and the sustained strength of the UAE's property sector. Prince Khaled bin Alwaleed bin Talal, executive vice chairman of Arada, attributed the company's success to its long-term vision and commitment to building people-centric communities. 'We have always believed that when people and spaces connect with purpose, the results can be transformational,' he said. 'The exceptional performance we've seen in the first half of the year proves that a people-first strategy delivers consistent and meaningful value for residents and investors.' Group CEO Ahmed Alkhoshaibi said Arada's growth strategy includes both domestic and international expansion. 'We're building on the excellent sales results from the first half by introducing new projects across the UAE in the second half of the year. At the same time, we're preparing to launch our first ventures in Australia, and continue to explore new partnerships and opportunities globally.' Earlier this month, Arada further strengthened its financial base by successfully completing a $450 million sukuk issuance, its second visit to global debt capital markets in recent years. The company's strong performance is aligned with broader trends in the UAE property market. In Sharjah, the value of property transactions rose by 48 per cent in the first half of 2025 to Dh27 billion, according to figures from the Sharjah Real Estate Registration Department. In Dubai, real estate sales reached Dh431 billion over the same period, up 25 per cent year-on-year, reflecting the city's continued appeal to both regional and international buyers. Since its founding in 2017, Arada has launched nine major projects in Sharjah and Dubai and currently holds a pipeline of developments in the UAE and Australia valued at more than Dh90 billion. To date, the company has sold over 17,000 residential units valued at more than Dh29 billion and has completed more than 10,000 homes.

UAE: Soon, pay digitally in stores, give pocket money online with Digital Dirham
UAE: Soon, pay digitally in stores, give pocket money online with Digital Dirham

Khaleej Times

timean hour ago

  • Khaleej Times

UAE: Soon, pay digitally in stores, give pocket money online with Digital Dirham

UAE residents and visitors will soon be able to pay friends, give pocket money to children and shop at commercial outlets completely digitally. The Digital Dirham project, which will be a digital alternative to physical money, will make financial dealings easy and seamless. This is according to a report published by the Central Bank of UAE (CBUAE) on the project. Although a date has not been specified as to when the project will be rolled out, the issuance of the Digital Dirham is expected to take place in the last quarter of the year 2025 for the retail sector. Once launched, the Digital Dirham will be an alternative to physical money and can be used for a wide range of payments, including online, in-store, commercial payments and transactions between people. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The CBUAE has also developed a comprehensive platform for issuing, trading, and using the digital dirham, including the digital wallet, which enables individuals and businesses to conduct financial transactions. Use cases The report highlights that as part of the retail project, the CBUAE tested four digital economy use cases to assess the feasibility and effectiveness of the Digital Dirham. These use cases included fractional ownership of tokenised assets, a smart tourist wallet, smart social benefit payments, and a parent-child sub-wallet. In the social benefits use case, the Ministry of Community Development (MOCD) distributed food subsidies via programmable Digital Dirham. The MOCD could programme where the amount could be spent and monitor the distribution and usage of government benefits in real time. The CBUAE created a prototype Digital Dirham App, which allowed users to select their wallet provider, conduct payments, top up their accounts, acquire the currency, redeem it, and carry out specified use cases. Gradual introduction The Digital Dirham will be gradually introduced with a detailed implementation plan and policy guidance. This phased rollout will ensure secure adoption and building trust. Within the UAE, it will be a non-interest-bearing central bank digital currency (CBDC) and people will be encouraged to use it primarily as a means of payment rather than a substitute for savings. It will be fully fungible with other forms of the dirham like cash and deposits. The retail Digital Dirham will also support peer-to-peer (P2P), online and in-store payments, business-to-consumer (B2C), business-to-business (B2B), and government-to-consumer (G2C) transactions. As part of the second phase, the CBUAE is exploring developing other cross-border CBDC arrangements. The CBUAE will collaborate with other central banks, foreign and domestic commercial banks, industry partners like exchange houses and international bodies to ensure interoperability and connectivity. Report The report further reviews the key achievements of the project to date and gives an analysis of the ongoing research and development, as the CBUAE moves towards officially launching the national CBDC. It highlights the design principles and policy frameworks that have shaped the development of the Digital Dirham. These steps ensure that the currency remains secure, reliable and easy to use, in line with best practices and standards issued by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). The report outlines the capabilities of Digital Dirham and its role in driving innovation and financial inclusion. It will give access to those who are unbanked and non-residents in the UAE, improving speed of transactions and increasing the efficiency of payment systems through features such as offline usability, smart contracts and cross-border transactions.

e& reports 60.7% rise in net profit, reaching Dhs8.8 billion in H1
e& reports 60.7% rise in net profit, reaching Dhs8.8 billion in H1

Gulf Today

time2 hours ago

  • Gulf Today

e& reports 60.7% rise in net profit, reaching Dhs8.8 billion in H1

e& on Thursday announced its consolidated financial results for the first half of 2025, reporting continued growth momentum and strategic progress across its business pillars. e&'s performance reinforces the group's position as a global technology leader, driving digital transformation at scale across regional and international markets. The group's consolidated revenue increased to Dhs34.9 billion, representing a year-over-year growth of 23.3 per cent compared to H1 2024. Consolidated net profit in H1 rose to Dhs8.8 billion, up 60.7 per cent from the previous year. EBITDA in H1 reached Dhs5.4 billion, a YoY increase of 18.8% with EBITDA margin of 44.1 per cent. The group's subscriber base grew to 198 million globally, marking a 13.1 per cent increase year-over-year. In the UAE, e& UAE subscribers reached 15.5 million, driven by rising demand for advanced connectivity solutions, AI-powered services, and tailored digital experiences that address the evolving needs of both individuals and businesses. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said, 'In the first half of 2025, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board's strategic foresight. 'In H1, e& continued its growth trajectory, delivering consolidated revenue of Dhs34.9 billion-a year-on-year increase of 23.3 per cent-and achieving consolidated net profits of Dhs8.8 billion, up 60.7 per cent compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers. We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation's digital economy. 'Thanks to the UAE's visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve.' Hatem Dowidar, Group Chief Executive Officer, e&, said: 'e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth. Revenues in Q2 and H1 increased by 28.1 per cent year-over-year to Dhs18.0 billion and by 23.3 per cent to Dhs34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to Dhs15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation. 'We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions. We also became one of the first companies to earn the 'Tier S' designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries. 'Our progress was further recognised internationally, with e& named the world's Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence. 'As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve.' e& launched the Sovereign Launchpad in partnership with Amazon Web Services (AWS) and the UAE Government's Cyber Security Council, enabling full data sovereignty and security, supporting the UAE's ambition to lead in digital infrastructure. Valued at over $1 billion, the initiative is projected to contribute more than $181 billion to the UAE's digital economy by 2033. With Qualcomm Technologies e& will work to advance the UAE's digital transformation through edge AI and next-gen 5G solutions focusing on smart gateways powered by AI, extended reality devices, and advanced computing systems, including projects in smart mobility and industrial IoT - all supported by Qualcomm's new engineering centre in Abu Dhabi. e& completed the sale of its 40 per cent stake in Khazna to G42 and Khazna for $2.2 billion (Dhs8 billion), as part of a strategic focus on core operations and investment optimisation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store