Imdaad and LMD Group set up JV in Egypt
Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services, has joined hands with Egyptian real estate company LMD to deliver a full range of world-class Facility Management solutions throughout entire Egypt.
The joint venture was announced at a special signing ceremony in Dubai in the presence of Imdaad’s Chairman Abdul Latif Almullah, CEO Jamal Lootah, Group COO Mahmood Rasheed along with LMD CEO Amr Sultan and Group Investment Manager Mohamed Mubarak.
Based in New Cairo, the new firm will provide services across Egypt through leading developers, corporate clients, a number of sectors including hospitality and retail, and LMD’s portfolio of projects.
This will include international standard FM solutions to tenants and customers across all these prestigious locations. The agreement will leverage Imdaad’s expertise to deliver a variety of hard and soft services to enhance the quality of life for residents.
LMD CEO Amr Sultan said that their communities were expertly designed with people and the future in mind, somewhere not just to live but to thrive.
“On the other hand, sustainability, consistency, and value creation are deeply woven into every aspect of our business. That is why we joined forces with Imdaad, who shares our values and commitment, to offer a package of unprecedented facility management solutions in the Egyptian market, making advantage of our excellent pool of expertise and product/service portfolios,” he added.
With a focus on creating value and driving improved standards within the local market, the joint venture is set to reduce operational costs of buildings in the long term by protecting and enhancing FM asset life.
Expanding Global Footprint
Imdaad aims to employ more than 2,000 employees in Egypt by 2026 and is looking to expand further as it consolidates its position within the local market. The key focus in the initial phase will revolve around developing engineering and soft service roles, with additional opportunities to be created in management, support services, and administrative support.
Jamal Lootah said: “Egypt market offers many exciting opportunities as we look to further strengthen our global footprint and deliver integrated FM solutions of the highest quality across LMD’s portfolio. We look forward to working closely together to elevate standards in the local industry and establish Imdaad as the trusted provider of choice for customers in Egypt and the wider region.”
LMD boasts a wide selection of projects, spanning commercial, residential, and mixed-use developments with a strong foothold in Dubai, Spain, and Greece. LMD’s portfolio in Egypt covers a multitude of distinctive projects.
One-Ninety is LMD’s flagship mixed-use project comprising of branded residences, offices and commercial components on 344,315 sq m and expertly master planned by leading SOM, located directly on the intersection between the Ring Road and 90 Street in New Cairo.