Etisalat Facilities Management, an independent unit of UAE's top telecom services provider Etisalat, said it has signed up Wojood Facilities Management, one of the sister companies of the Dh3.2 billion ($871 million) Dubai-based Al Barari project, as its strategic partner.
Al Barari is an eco-friendly sustainable mixed-use development located in the prestigious Nad al Sheba district in the emirate. It extends over an area of 14.2 million sq ft, of which 80 per cent is open green gardens comprising 189 luxury villas.
As per the deal, Etisalat FM will utilize the human resources and workforce of Wojood to provide best global support services, and also expand the scope of its work in Dubai, said its GM Mustafa Al Ateeq after signing the deal with Wojood Facilities Management CEO Mohammed Bin Zaal in Dubai.
Etisalat FM officials Amer Al Mansouri, the executive director of HR and Administration and Ali Hasan Al Harmoodi, executive director of Design and Consultancy were also present at the signing ceremony.
Under the two-year agreement, Etisalat FM will provide technical support to the Barari project including: maintenance and management of private villas facilities, retail facilities, tennis courts and restaurant.
The deal, which is effective from January 1, will cover about 189 villas. It will also provide mechanical and electrical maintenance, plumbing, AC and swimming pool maintenance besides home automation system maintenance and minor civil and carpentry works for the Barari project.
Commenting on the partnership, Mohammed Bin Zaal said, “We are pleased to be selected as a strategic partner for Etisalat FM as this reflects the great appreciation and deep trust that Wojood has in the country.”
Etisalat FM, he said, will be sending a work team to Wojood FM offices located in the Barari project to provide the best service to its residents, investors and businesses.
Mustafa Al Ateeq said, "This agreement with Wojood comes as a result of our continuous efforts to expand and enhance our operations in the country, as we have developed and updated a number of different projects in the real estate sectors."
Overseas Forex Trades Laid FXCM Low
Retail foreign-exchange broker FXCM Inc. was nearly felled by outsize bets made by foreign customers who aren’t subject to U.S. regulations, according to people familiar with regulators’ review of th