Founded in 2005, Ejadah is an asset management company in the region providing a comprehensive range of total community solutions to small, medium and large market sectors throughout the Middle East. Ejadah Asset Management manages 116 million square feet of real estate assets. The organisation, made up of more than 9,300 employees, is a key leader, spearheading the growth of the industry-at-large.
Ejadah Asset Management is divided into three main verticals called Idama, Arkan and Shabaka. Idama is the FM arm that provides facility management services ranging from soft services to hard services. Arkan is the security arm of the firm that provides total security solutions such as manguard services, security systems, car park management, etc. And the third vertical Shabaka, is the unit services arm that is similar to Idama. Idama operates in the building common areas, while Shabaka services an apartment or a unit. If Idama is B2B, Shabaka is B2C.
In 2019, the firm has had its plate full with a plethora of projects namely JBR (TFM), Coca Cola Arena (cleaning & maintenance), Dubai Media City (IFM), Dubai Internet City (IFM), and Abu Dhabi Global Market (IFM).
The other significant growth can be noticed in its staff size which grew from 6,725 in 2017 to 9,350 in the current year.
Elaborating on the biggest challenge facing the business in the next 12 months, Tarek Nizameddin, senior executive director, says: “With the economic pressures in the region, there is an emphasis currently on cost cutting. Margins in FM are getting thinner. They are being pushed to the very edges of profitability by demanding clients and a hyper-competitive market, especially in the UAE.”