Farnek increases its market share in banking sector with new annual FM contracts worth over AED12mln

Farnek increases its market share in banking sector with new annual FM contracts worth over AED12mln

- Leading FM company mobilises 72 staff across the seven Emirates

Dubai, United Arab Emirates: Leading UAE-based smart and green facilities management (FM) company Farnek has expanded its reach in the key banking sector, with a host of new and retained contract wins, throughout the UAE, valued at more than AED 12 million annually.

The company has mobilised 72 members of staff stationed in locations across all seven of the Emirates, with the majority deployed in banks in Dubai, to carry out general cleaning, A/C duct cleaning, administrative assistance, data centre cleaning, security and other specialised FM services.

Farnek’s portfolio of clients in the banking sector now include Mashreq, United Arab Bank, Commercial Bank International, Bank of Singapore, Al Ahli Bank of Kuwait, and ING Bank, to name a few.

Markus Oberlin, the CEO of Farnek, said: “We have increased our market share significantly this year in the banking sector. There are two main reasons for this. Firstly, we operate in all seven emirates so that banks with branches throughout the UAE can be covered under one contract.

“Secondly FM operations in banks are far more complex than one might imagine. Quite apart from rigorous security, data centres, ATM rooms, uninterrupted power supply (UPS) rooms