FINANCIAL NEWS

UAE’s Mubadala sells JBI to Secro

30 Dec 2011

(MENAFN) Serco Middle East’s CEO, Zafar Raja, said that in order to meet growing demand for complex facilities managements services, the firm bought JBI Properties Services Company, reported Emirates 24/7.

Raja added that the purchase of Mubadala’s unit, would allow Secro to expand its facilities management capabilities in the UAE, that include the operation of Dubai Metro stations and depots, the UAE University in Al Ain and New York University, which is being constructed on Saadiyat Island in the capital.

He also said that the move would also allow the company to widen its local expertise to new markets across the region and deepen its business relationship with Mubadala.

It is worth noting that JBI Properties Services Company manages iconic, grade A mixed use commercial property and educational facilities, and it provides management services, IT services, waste management, procurement, mechanical and electrical maintenance, help desk and life cycle asset management.

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