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Wednesday, 11 December

Entering the Land of Pyramids

A memorandum of understanding has been signed between EFS and Palm Hills Development to handle the latter’s property development in Egypt.

Based in Dubai, EFS Facilities Services Group is a leading FM service, operation and maintenance provider across the Middle East, Africa and South Asia region.

The signing of a memorandum of understanding (MoU) with Palm Hills Development (PHDA.CA), will see EFS as the exclusive FM services provider for all developments belonging to Palm Hills which has 18 projects distributed in several areas in Egypt, in addition to having bought land for development in Saudi Arabia.

Palm Hills Development (PHD) is a leading property company in the Egyptian market, primarily developing integrated residential, commercial property and resort projects since 1997.

The MOU was signed in Cairo, Egypt by Yaseen Mansoor, Chairman of PHD and Tariq Chauhan, Group CEO of EFS Facilities Services Group Ltd and will be effective by the first quarter of 2015.

EFS Egypt will be responsible for the provision of integrated FM that include services required for the management, operation and general preservation of common assets and buildings within the communities. This includes the integration of multi-disciplinary activities to provide maintenance support, project management and user management throughout the asset life cycle.

"FM is a tool that offers the required services to the residents and the overall community that is currently missing in projects across Egypt where there is significant investments in long term assets,” explained Mr Chauhan. “It is one of a kind agreement that demonstrates the strategic and visionary management at Palm Hills as they seek to offer unparalleled benefits to its residents through a market leader like us."

Pictured: Tariq Chauhan, Group CEO of EFS Facilities Services Group – "FM is a tool that offers the required services to the residents and the overall community…..”

Article written by Robin Snow

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