UAE smart property management solutions company Hitek Services, which is part of the Farnek group of companies, has signed an exclusive five-year partnership agreement with Riyadh-based Safari Holding.

 

Under this deal, Hitek will offer a suite of smart technology solutions including CAFM, IoT, BMS, energy and carbon management solutions, all developed by its in-house technology team, exclusively to building owners and property managers, as well as other FM service providers and consultants, throughout the kingdom.

 

Established in 1984, Safari Group is a leading Saudi conglomerate specialised in FM, construction, AI and Robotics and many other businesses. It operates out of offices in Riyadh, Jeddah and Dammam, as well as other locations throughout Saudi Arabia. 

 

Safari has an impressive portfolio of FM clients including, Saudi Aramco, King Abdullah Medical City – Riyadh & Jeddah, the Ministry of Interior Riyadh, the Kingdom Tower as well as Riyadh airports and King Abdulaziz International Airport Jeddah, said its top official. 

 

"Residential, commercial and industrial real estate development in the kingdom is expanding at a phenomenal rate and we have identified three specific issues, which need to be addressed when delivering optimal IFM solutions," stated Safari Group CEO Engineer Salim Al Aydh.

 

"Firstly, the expanding geographical spread of real estate across Saudi Arabia, secondly the fact that hundreds of new, smarter buildings will be coming to market over a relatively short period of time and thirdly, supporting the government’s commitment to net zero," he noted. 

 

"This in our view requires advanced methods of FM which we believe can only be driven by the best technological solutions which our partner HITEK has afforded us," he added.

 

In May last year, the Middle East FM Association estimated that the Saudi FM market was worth approximately $20 billion, roughly 55% of the total GCC FM spend.  

 

However as per a recent report by Fortune Business Insights, the value of the Saudi FM market will grow to $34.86 billion by 2028 and Safari executives reckon that PropTech’s market share will be worth over $1.7 billion. 

 

Commercial COO Ali Saleh Al Sagri said: "Advanced digital solutions can now integrate with any existing technologies such as BMS and can activate a variety of bespoke solutions remotely, linking smart and sustainable buildings with a digitally connected workforce."

 

"So, it is essential that we adopt technological solutions such as Hitek to capitalise on these opportunities. The services that we will be providing will benefit both owners and tenants in large buildings, complexes and compounds," he stated. 

 

"Through digitalisation they will be able to create efficiencies and reduce costs. We believe this is the future of technology driven IFM and we are excited to roll this out," he added.-TradeArabia News Service