Emrill reveals expansion plans following Carillion’s departure
UAE-based FM company Emrill could soon be expanding to new markets that include Saudi Arabia and Egypt.
The firm, which previously had three shareholders Carillion, Al Futtaim and Emaar, told fmME that a possibility to move outside the UAE had presented itself following Carillion’s departure from its board.
Stuart Harrison was appointed to the position of chief executive following Alex Davies’ departure as MD, whereas Sam Emery was promoted to chief financial officer.
“The reason (two new positions of CEO and CFO were created) is because we are looking at expanding beyond the UAE for the first time in our history,” Harrison said.
“Previously, because of an agreement with one of our shareholders, we only operated within the UAE. But they (Carillion) have exited which means we are now wholly owned by two GCC companies and that means we can now consider expansion plans. For now we want concentrate on the GCC,” he told fmME.
Emrill could follow its stakeholders’ (Emaar and Al Futtaim Engineering) path which means Egypt and Saudi Arabia could be on the cards.
“We have looked at the entire GCC, and more recently we have been in Saudi and Egypt doing business development. It’s early to say but we are potentially looking at opening our offices there by 2020,” he notes.
Emery feels the strong reputation and robust systems developed by Emrill over the years will hold it in good stead in its attempts to win business internationally.
“The plans have only just started. Thanks to the robust controls, such as our proactive cash management methods, will make sure that we carry them forward elsewhere,” Emery said.
Read the entire interview with Harrison and Emery here.
You can also grab the May 2019 issue of fmME to read the full feature.