DEVELOPING WITH VALUE
Amer Group signed an agreement with Arabtec Construction (“Arabtec”), one of the leading construction companies in the UAE, to establish a 44% Amer owned JV construction firm.
The venture will serve Amer Group projects (not on an exclusive basis) in addition to providing its services to third parties. It has the potential to become a major construction firm in Egypt The JV has projects worth EGP1 billion on-hand (with EGP312 million worth of contracts with Amer Group Holding). Several projects are currently in the pipeline awaiting the official establishment of the JV including Cairo Festival City (AL-Futtaim Group) and Marassi (Emaar).
Our strategy behind the Joint Venture is to have a construction business which is able to benefit from the international experience and construction expertise of Arabtec; while benefiting also from and complementing Amer Group’s know-how and knowledge of the Egyptian market.
Total FM was established in January 2012 from the Facilities Division of AMER Group in response to growing demands for professional facilities management services in the Egyptian market. For too long facilities management has been seen as a burden on developers, identified only with spending money and bringing no added value to a property. Our approach, delivers a unique dimension to facilities management by managing our properties in a spirit more akin to the hospitality industry than the traditional operations & maintenance approach of our competitors.
Our vision of turning properties into living breathing communities ensures facility attractiveness as well as security of investment and increasing asset value of the properties we manage.