ABDUL Latif Jameel Land and Al Muhaidib Group have launched a new joint venture, "Muheel" – an Integrated Facilities Management company (IFM) in Saudi Arabia. Headquartered in Jeddah, Muheel aims to become one of the leading IFM companies in Saudi Arabia and across the Middle East. The partnership is an important step in Abdul Latif Jameel Land and Al Muhaidib Group in building a strong growth presence in a multi-billion riyal industry. This move is aligned with one of the core goals of Saudi Vision 2030 to create a thriving economy open for business, enabling the growth and international competitiveness of the national economy. The partnership also reflects Abdul Latif Jameel Land's commitment to expanding its breadth of capabilities into the facilities management sector as part of its strategy to become a leading player in the regional property and property services market. The partnership, designed to innovate new services, builds upon the extensive 40 year IFM experience and expertise of Al Muhaidib Group and is clearly beneficial for clients with both companies sharing an unrivalled commitment to customer-service and exceptional quality in service delivery. Muheel supports vital economic growth industries including as oil and gas, education, aviation, healthcare, infrastructure, government as well as commercial and residential sectors, delivering exceptional IFM services across Saudi Arabia's rapidly diversifying economy. The 1,600 staff company led by Chief Executive Officer Jason Ruehland provides clients with a full service one stop facilities management solution, encompassing both ‘hard', technical services relating to the operation and maintenance of buildings, as well as ‘soft' FM services such as cleaning, reception, security and concierge. The portfolio will also include energy efficiency management services to reduce client costs and improve sustainability. Essam A.K Al Muhaidib, CEO of Al Muhaidib, said: "Our combined understanding of the successful growth and diversification of Al Muhaidib Group and Abdul Latif Jameel is central to the strategy and future success of this partnership. We are confident that Muheel represents the best of both companies in approach, and name, and I'm confident that it will quickly become synonymous with high quality service delivery in Saudi Arabia." Eng. Mohammed Abdul Latif Jameel, Chairman and CEO of Abdul Latif Jameel, said: "Abdul Latif Jameel and Al Muhaidib share a commitment to delivering high quality, innovative solutions for clients. There are many players – big and small – in facilities management, but there is a demand in the market for a true one-stop, integrated solution provider. The new venture is addressing this requirement, bringing our shared values and commitment to excellence to the facilities management sector in Saudi Arabia and beyond." According to recent reports released by MEFMA (The Middle East Facility Management Association), the value for Saudi Arabia's facilities management market was estimated to be SR110.6 billion ($ 29.5bn.) in 2018, and is projected to reach SR216 billion ($ 57.6bn.) in 2024.
