Further strengthening his reputation as the doyen of the facilities management industry in the Middle East, Jamal Abdulla Lootah, Group CEO of Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets, has ranked first on the Facilities Management Middle East magazine’s Power 50 list for the seventh year in a row.
The highly anticipated annual ranking of the region’s most influential personalities in the FM sector comes as a true recognition of Lootah’s outstanding leadership skills, which enabled him to steer Imdaad to tremendous success, despite a number of challenges the industry faced in 2018.
Jamal Abdulla Lootah, Group CEO of Imdaad, said, “I am greatly humbled and honoured to be featured again at the top spot on the fmME Power 50 list that celebrates the accomplishments of the FM industry leaders. This recognition will further motivate me to strive for excellence in all aspects of the business at Imdaad. I would like to extend my deepest gratitude to my colleagues whose unwavering commitment, dedication and hard work have been instrumental to the company’s enduring success and without whom this achievement would not have been possible.”
Imdaad posted revenues of AED 610 million for 2017, reflecting a 16 per cent increase over the previous year. For 2018, the company is forecasting a 12 per cent increase in revenues to AED 680 million. With a healthy year-on-year client retention rate of 95 per cent, Imdaad has steadily grown its market share and client base over the past year. The company won several new projects and renewed many existing contracts during the first three quarters of 2018 with a total value of nearly AED 500 million.
Under the leadership of Lootah, Imdaad focused on further deepening its presence in its home market of the UAE and expanding its footprint in the wider GCC with the objective of capitalising on the opportunities presented by the region’s continuing infrastructure investments and real estate development.