The UAE-based EFS Facilities Services Group secured around $408.4 million (AED 1.5 billion) in new contract awards during the first half of 2024, according to a statement issued Monday.
H1 Performance: New Contract Awards
EFS Group’s revenue growth for the six months ended June exceeded 25%, while its contract backlog stood at $2.18 billion (AED 8 billion). Client retention stood at 98%, and net profit grew double digits.
The integrated facilities management solutions company said it invested over 22,156 hours in learning and development programs. It also reached the milestone of 40 million safe working hours and a successful reduction in energy consumption by an average of 8%.
“This historic scorecard is a testament to our unwavering commitment to excellence and innovation,” said Tariq Chauhan, group CEO of EFS Group.
Chauhan was ranked 55th on Forbes Middle East‘s Top CEOs 2023 list.
Key Background
EFS Group serves over 500 multinational and government clients in various sectors, including commercial, residential, hospitality, healthcare, and industrial. The company manages an area of more than 75 million square meters across 25 countries and has 40 operating companies.
Source: Forbes Middle East