Joint venture forms new FM firm in Saudi Arabia

Joint venture forms new FM firm in Saudi Arabia
H.H. Prince Bandar Bin Khaled Al Saud and Joe Sita.
Published: 6 December 2017 - 6:45 a.m.
By: Nikhil Pereira

Unified Real Estate Development and IFA Real Estate Services Group have established Sahalah Facilities Management in Saudi Arabia. 

The joint venture company will provide real estate asset owners integrated facilities management services for the KSA market.

Unified Real Estate Development, headquartered in Riyadh, is one of the largest companies in the kingdom with 46 shopping centres across the country. 

Meanwhile, IFA Real Estate Services operates and manages commercial, residential, and hospitality assets across four continents.

Sahalah’s approach to facilities management and property services will combine all support services into an integrated solution. “By bundling services, the company can assist asset holders to reduce overheads and allocate resources more efficiently,” a company statement said.

Sahalah FM will address six core areas mainly in the field of soft services, ranging from:  concierge and security, public area cleaning, waste, utility and environmental efficiency.

H.H. Prince Bandar Bin Khaled Al Saud, President of Unified Real Estate Development, commented, “We are delighted to enter this extensive partnership with IFA Real Estate Services Group.

"Our local experience coupled with a renowned international operating group brings a unique offer to The Kingdom. The new venture is already starting to generate interest from asset owners and we are positive even in these nascent stages.”

IFA Real Estate Services CEO Joe Sita said: “Their strength and diversity, coupled with our vision of providing best-in-class service to property owners in Saudi Arabia, supplements our overall vision for regional expansion.”

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