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Bloom Holding, AlKifah sign agreement for FM services in Saudi Arabia

Move allows facilities management subsidiary B.fm to extend services in the Kingdom

B.fm, the facilities management (FM) subsidiary of Abu Dhabi-based Bloom Holding, has signed a memorandum of understanding (MoU) with Saudi Arabia-based AlKifah real estate, part of AlKifah Holding, to collaborate on various opportunities to set up FM operations and related consultancy across the Kingdom.

The MoU was signed by Sameh Muhtadi, CEO, Bloom Holding, and Abdulaziz AlAfaleq, CEO, AlKifah Holding, at Bloom’s headquarters in Abu Dhabi in the presence of senior executives from both sides. According to a statement from Bloom, under the MoU, both B.fm and AlKifah are mandated to work together in shaping a new business venture that offers commercially viable facilities management solutions in Saudi Arabia. For its part, B.fm can now extend its bespoke ‘FM Service Model’ that utilises Computerized Automated Facilities Management (CAFM) systems to deliver the quality service to its clients in the country.

“This MoU brings together two of the leading diversified business entities in the region to collaborate on various business opportunities related to facility management in Saudi Arabia. The agreement is also aligned with Bloom’s strategy to expand its geographical footprint and extend its offerings to new territories,” said Sameh Muhtadi, CEO, Bloom Holding.

“As Saudi Arabia pushes ahead with its plans to diversify the national economy in line with its ambitious Saudi Vision 2030, Bloom is keen to capitalise on the tremendous opportunities the country presents for investors from the UAE. Together with our partners from AlKifah, we are confident that we can provide best-in-class facilities management services to a wide-range of potential clients in the Saudi market,” Muhtadi added.

AlKifah CEO, AlAfaleq, said: “We are very excited about our collaboration with B.fm. We are confident that together we can deliver outstanding FM solutions in Saudi Arabia through leveraging our combined expertise and capabilities to enable our clients to better concentrate on their core business.

“The timing couldn’t have been better as there is a big gap in the market for quality FM services. We hope with this partnership to bridge this gap and offer value-added quality services that exceed the customers’ expectations.”

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