Imdaad registers growth despite market conditions
Investment in technology to continue as a means to securing the future of the company
Imdaad's market performance has continued in the real estate and FM market, even though the firm’s group CEO Jamal Abdulla Lootah recognises the “last 12 months have been challenging”.
“We are lucky that we are in Dubai and the UAE as a whole because the number of projects and buildings are increasing day by day. And we are growing by 10% to 15% (year-on-year). The market is growing as well but it’s tight with regards to profits and we have to adjust ourselves as per the market conditions,” he told fmME.
Lootah says a means of making the adjustments has come in the form of technology and Imdaad’s adoption of different innovations across the board.
“Investment in technology is not because the client is asking for it. It’s the company’s future we are looking out for. At the end of the day the client wants good price and good service. What you are doing inside the company it determines how the company progresses over the next 20 years to 30 years,” he said.
Lootah also opined that he forecasts 2019 to be a lot better than 2018 as the Expo 2020 will be ever so near. “The plan as to what happens after the Expo 2020 ends was clear from the start. The way I see it is the number of assets and real estate will define the facilities management sector.”