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Al Ghurair appoints new CEO of AG Facilities, its award-winning Facilities Solutions arm

18 January 2022, Dubai, United Arab Emirates: 

Al Ghurair Investment, the leading diversified UAE family business, today announced the appointment of Tarek Nizameddin as Chief Executive Officer of AG Facilities, including its reputed soft services subsidiary, MBM. The facilities solution business forms a critical part of the company’s long-established construction sector. The appointment supports the company’s strategic intention to expand its facilities presence across the region by enhancing capabilities with innovative new products and technologies.

Al Ghurair appoints new CEO of AG Facilities, its award-winning Facilities Solutions arm
Thursday 20 January 2022

18 January 2022, Dubai, United Arab Emirates: 

Al Ghurair Investment, the leading diversified UAE family business, today announced the appointment of Tarek Nizameddin as Chief Executive Officer of AG Facilities, including its reputed soft services subsidiary, MBM. The facilities solution business forms a critical part of the company’s long-established construction sector. The appointment supports the company’s strategic intention to expand its facilities presence across the region by enhancing capabilities with innovative new products and technologies.

Tarek Nizameddin joined in January 2022 and is responsible for providing strategic direction and leadership to drive transformation at AG Facilities. In his role, Tarek will focus on optimising new opportunities and building competences in the facilities management space, across hard and soft services, to unlock value and drive customer engagement. 

Commenting on the appointment, John Iossifidis, Group Chief Executive Officer, Al Ghurair Investment, said, “We are pleased to welcome Tarek onboard, an experienced business leader with a proven track record of success in leadership roles as we embark on the next phase of our growth strategy. His appointment will help strengthen AG Facilities’ regional leadership position and I am confident he will play a pivotal role in supporting the future of the company.”

Tarek Nizameddin, Chief Executive Officer, AG Facilities, states: “I’m proud to be joining the team of elite professionals at Al Ghurair, a long-standing, reputed organisation that has made its mark across multiple sectors and industries. I am excited to have the opportunity to take the Facilities division to new heights with the support, collaboration, and determination of my team. I look forward to striving for new benchmarks within our dynamic industry for both quality standard and service efficiency.”

Tarek Nizameddin brings more than 27 years of experience as a Senior Asset Management professional with an exceptional track record in leadership positions across global entities. Tarek has a wealth of knowledge in Asset Management, Real Estate Development, Facilities Services and Business Development. Prior to joining AG Facilities, he held the role of Senior Executive Director at Ejadah Asset Management Group where he led the operational and commercial divisions. Prior to that, he held senior roles within leading regional organisations including Damac, Dubai Holding, Abu Dhabi General Services company - Musanada and Corner Stone Property Management.

About Al Ghurair Investment:

Al Ghurair Investment (AGI) aims to set the standard for family business groups in the Middle East. AGI is proud of its deep roots in the UAE, which trace back over six decades. Building on this enduring legacy, the Group has established diversified operations spanning more than 50 countries across the globe, employing approximately 28,000 people. Today, the Al Ghurair family name is synonymous with the development of the region and AGI builds on this long history of innovation and entrepreneurship through its operations in distinct sectors including food, resources, properties, construction, energy, mobility and ventures.

From its modest beginnings as a local trading business, the investment Group continues to be guided by its purpose: ‘Enhancing Life’. In order to fulfil this, AGI is dedicated to the adoption and implementation of best practices in all areas of its business, including investment and governance, in order to enable and drive future prosperity and benefits for the communities within which it operates.

For media enquiries, please contact:

Sara O’Hara
Group Communications & Press Office, Al Ghurair Investment
Email: sara.ohara@al-ghurair.com
Phone: +(971) 50 9299 540

Al Ghurair Properties announces partnership with Siemens to implement sustainable smart solutions

13 January 2022, Dubai, United Arab Emirates:

Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, today announced a strategic partnership with Siemens to implement their world-leading patented Siemens Demand Flow® Solution technology along with digital services at Al Ghurair Centre. The partnership aims to accelerate Al Ghurair Properties’ objectives in the areas of innovation, digitalisation, and sustainability.

Al Ghurair Properties announces partnership with Siemens to implement sustainable smart solutions
Friday 14 January 2022

13 January 2022, Dubai, United Arab Emirates:

Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, today announced a strategic partnership with Siemens to implement their world-leading patented Siemens Demand Flow® Solution technology along with digital services at Al Ghurair Centre. The partnership aims to accelerate Al Ghurair Properties’ objectives in the areas of innovation, digitalisation, and sustainability.

The signing ceremony was held virtually in the presence of Sultan Al Ghurair, CEO, Al Ghurair Properties and Franco Atassi, CEO Smart Infrastructure, Siemens Middle East. Also in attendance were, from Al Ghurair Properties, Anwar Atari, Vice President Finance, Ahmed Al Hadithy, Head of Operations and Ahmed El Bassyouni, Head of Hospitality and Commercial Leasing, and, from Siemens Middle East, Wolfgang Eger, CFO Smart Infrastructure, Wael Badawy, Head of Energy Performance & Services and Jamie Hoyzer, EVP Finance, Energy & Performance Services.

The technology provided by Siemens will optimise the performance of the mall’s systems, enabling the monitoring and controlling of the building’s operations and functions, including air conditioning and energy usage. Siemens’ solution will help reduce carbon emissions, conserve energy, and lower operating costs. It aims to generate potential energy savings of up to 2.7M kWh annually, which will curb carbon emissions by 1,400 MT each year. Additionally, the technology will allow Al Ghurair Centre to operate on a cloud platform to enable smart operations such as providing live updates of the mall’s energy consumption and CO2 impact, as well embedding an interactive dashboard to demonstrate consumption across any time period.

Siemens Demand Flow Solution optimises both chilled water and air distribution systems without compromising on the comfort of the cooling services. It is designed to deliver immediate results through automated technology, and its built-in analytics alleviate constraints on customers’ internal resources and extend equipment life.

As 2021 marks the 40th year since Al Ghurair Centre was established as the country’s first mall, this is apt testament to the business’ future direction and its commitment to elevating corporate citizenship.

Commenting on the partnership, Sultan Al Ghurair, Chief Executive Officer of Al Ghurair Properties, said:

“We are delighted to enter this new partnership with Siemens, a global leader in providing innovative solutions, to accelerate our transformation journey and support our digitalisation and sustainability objectives. Through the implementation of smart technology at Al Ghurair Centre, we aim to accelerate our sustainability targets and reduce the mall’s carbon footprint. Furthermore, this agreement is testament to our commitment to supporting the country’s leadership to turn the UAE into one of the most smart and sustainable countries in the world.”

Franco Atassi, Chief Executive Officer, Siemens Smart Infrastructure in the Middle East, said:

“We are honoured to be a trusted partner of Al Ghurair Properties in their digitalization journey. Buildings are becoming highly connected and data-rich environments, and the technology that Siemens is delivering will enable Al Ghurair Centre to become a smart facility that’s sustainable, efficient, safe and comfortable.”

About Al Ghurair Properties

Al Ghurair Properties’ mission is to deliver integrated and sustainable communities that offer an enriching lifestyle. For three decades, the company has been at the forefront of real estate development in the UAE serving clients efficiently across the hospitality, residential, office, industrial and street retail, and continues to exceed expectations.

For media enquiries, please contact:

Sara O’Hara
Group Communications & Press Office, Al Ghurair Investment
Email: sara.ohara@al-ghurair.com
Phone: +(971) 50 9299 540

2021 marked a year full of Milestone Moments at Al Ghurair!

05 January 2021: 

These achievements are a significant part of our transformational journey, and testament to the dedication and commitment of our Purpose-led people.

Congratulations to all involved in shaping the future of this prestigious company.

2021 marked a year full of Milestone Moments at Al Ghurair!
Wednesday 05 January 2022

05 January 2021: 

These achievements are a significant part of our transformational journey, and testament to the dedication and commitment of our Purpose-led people.

Congratulations to all involved in shaping the future of this prestigious company.

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Al Ghurair marks major digital milestone

15 December 2021: 

Today marked a momentous day at Al Ghurair as we took a significant stride along our digital transformation journey – launching Microsoft Dynamics 365 across three of our business units, as well as performance management for our Leadership community. This is the first phase of the wider Future Dynamics programme, which will see the full Al Ghurair group of businesses transfer to the new system.

Al Ghurair marks major digital milestone
Wednesday 15 December 2021

15 December 2021: 

Today marked a momentous day at Al Ghurair as we took a significant stride along our digital transformation journey – launching Microsoft Dynamics 365 across three of our business units, as well as performance management for our Leadership community. This is the first phase of the wider Future Dynamics programme, which will see the full Al Ghurair group of businesses transfer to the new system.

Commenting on the milestone, Marinda Sheahan, GVP, Group IT, Al Ghurair stated: “Al Ghurair is on a trajectory of extensive transformation in line with our ambitious 2025 roadmap. For the business to be able to achieve this, an optimised digital ecosystem is paramount. With Dynamics 365, we are enabling a more agile, data-rich and cohesive business that is empowered to become Fit For Future.

Today’s phase 1 launch is a huge accomplishment, achieved in half the time of usual programme of this complexity. The successful Go Live is underpinned by five core elements:

  • Purpose – driven by a passion to enhance life for the business;
  • Teamwork - building a ground-up, high performing and harmonious team;
  • Collaboration – working with key partners across the business, gaining insights and support;
  • Determination – driven by a collective desire to achieve our goals;
  • Resilience – embracing challenges and difficulties with a tenacious mindset.

Thank you to everybody involved, and we look forward to continuing our journey together!