Arab News, Thursday, Jun 23, 2022 | Zul Qaadah 23, 1443
Imdaad expands its presence to Egypt through joint venture with LMD
Dubai-based integrated facilities management company Imdaad has entered the
Egyptian market through a joint venture with real estate developer LMD.
Imdaad is planning to employ more than 2,000
employees in Egypt by 2026, and will expand further after the company affirms
its presence in the country, according to a statement.
The new venture will be based in New Cairo, and it
will provide facility management solutions throughout Egypt.
Jamal Lootah, Group CEO of Imdaad said: “The Egypt
market offers many exciting opportunities as we look to further strengthen our
global footprint and deliver integrated FM solutions of the highest quality
across LMD’s portfolio.”
Amr Sultan, CEO of LMD, said the two firms shared
“values”, and his firm is able “to offer a package of unprecedented facility
management solutions in the Egyptian market, taking advantage of our excellent
pool of expertise and product/service portfolios.”