FINANCIAL NEWS

MAF Ventures expands partnership with Dalkia

09 Dec 2010

(MENAFN) Majid Al Futtaim Ventures and Dalkia announced an extension to their joint venture, enabling them to expand the MAF Dalkia brand of facilities and energy management services into the Gulf, Levant and Egypt markets.

As part of the expansion, MAF Dalkia will extend its focus to specific facilities and energy management opportunities in Saudi Arabia, Qatar, Egypt and other key geographies, while leveraging regional and international expertise in healthcare, telecommunications and other key industry verticals across the region.

By 2011, MAF Dalkia will be providing facilities and energy management services for an estimated 3.3 million sq m of commercial and residential space in the Middle East, in addition to managing at least 125,000TR cooling capacity and 2,550 Mwh power managed through various client initiatives, said a statement.

To expedite the regional roll-out of the expanded joint venture, MAF Dalkia and Dalkia International will merge their current facilities management operations in Bahrain, where the companies count banks, shopping malls and mixed use destinations among their current clients.

New offices in Saudi Arabia, Qatar, Egypt, Lebanon and Syria are planned in the near future in order to strengthen the joint venture between Majid Al Futtaim Ventures and Dalkia.

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