"Corporations today are pursuing simplicity," said
Sherif's explanation aligns with projections for growth in integrated facility management (IFM) services. A recent survey by Frost & Sullivan's Global IFM Report indicated the IFM market is expected to grow at a compound annual rate of 6.4% between 2013 and 2019. Today, the IFM market in
According to Sultan, "Companies are seeking to achieve more with less through a streamlined approach." In other words, they want to leverage the power of one — i.e. one provider for all Integrated Facilities Management. Outsourcing IFM to a single-source provider has three fundamental benefits, says Sultan: it enables organizations to lower operating costs, improves financial control and realizes best practices.
"In spite of the globally witnessed growing need IFM, companies in
Seeking the appropriate partner to provide sustainable business solutions is critical, Abdel Fattah explains. "The MOU
initiates closer collaboration between our two companies. We both consistently aim to deliver exceptional and innovative services in facilities management and sustainability. This MOU is a shared belief in the importance of furthering the objectives of
Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Senior Vice President
One Commerce Square
News Provided by Acquire Media