UAE’s Farnek showcases HITEK Smart Solutions at MENA Retrofit Tech Summit

By Salma C, Intern Reporter
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Farnek
Ms. Nadia Ibrahim, Associate Director- Consultancy & Sustainability and Ms. Javeria Aijaz, Managing Director – HITEK, at Farnek pavilion at the Retrofit MENA Tech Summit.

UAE-based Farnek, a leading smart and green facilities management (FM) company, is showcasing its HITEK smart solutions at the Retrofit Tech MENA Summit, which is taking place at the Movenpick Grand Al Bustan in Dubai.

The Retrofit Tech MENA Summit’s series of events provides an extensive platform for key players in the areas of energy efficiency, sustainability, and retrofitting to support the region’s sustainability goals.

Mr. Markus Oberlin, CEO, Farnek stated that “In partnership with the private sector, strategic plans will need to be put in place to initiate large-scale retrofitting and energy efficiency projects, for which sustainable design and energy-efficient performance will be of paramount importance.”

“Integrating with Building Management Systems (BMS), the HITEK digital solution is fully equipped to identify, design, deliver and finance energy reduction for and on behalf of building owners, which creates not only more cost-effective buildings but a cleaner environment,” Mr. Oberlin added.

Energy Services Company (ESCO)

Farnek has been a member of the Energy Services Company (ESCO) accreditation scheme since March 2017. The scheme was primarily set up to give confidence to building owners and managers, that the accredited companies had the experience, capabilities, financial strength, HSE, and related equipment, to retrofit buildings to international standards.

There are two distinct business models under the ESCO program, which provide for the most popular approaches to energy performance contracting. The shared savings model refers to ESCO investment into the equipment and materials to generate energy efficiency and is remunerated from a predetermined percentage of the savings generated.

The guaranteed savings is a more traditional model, whereby an ESCO would recommend implementing energy-saving solutions (ring-fenced by contractual key performance indicators) and the building owner provides the financing. Either way, both contracts are intended to be fair and balanced and allocate risk proportionately between the ESCO and the building owner.

HITEK

Farnek’s HITEK is a set of intelligent business solutions that provide a holistic approach to businesses and support employees into operational units and managements. It resolves possible communication and information gaps, creating the ultimate productivity and efficiency result.

HITEK can also connect assets from multiple sites so they can be centrally monitored and managed by utilizing the Internet of Things (IoT), Cloud, Machine Learning (ML) and Artificial Intelligence (AI) based technologies.

The Farnek CEO further stated that “By linking smart buildings with a digitally connected workforce, the system affords operational efficiencies and supports staff welfare. Customers can save up to 17% of their manpower costs by transferring from traditional FM operational management to HITEK’s smart management, which also reduces carbon emissions still further.”

For hotel and leisure properties, Farnek is a perfect partner of Green Globe certification, using the online tool Hotel Optimizer to measure and quantify energy and water consumption as well as calculate carbon emissions.

Four GCC countries have committed to achieving Net Zero targets by 2050, with Saudi Arabia and Bahrain setting targets for 2060. Qatar and Iraq have also announced plans to reduce their carbon emissions.

To support the Net Zero targets, Farnek has a comprehensive range of green products and services to assist building owners, from concept to implementation and management. Expert consultants are available to explain the benefits of energy audits and advice on waste treatment, indoor air quality (IAQ), and LEED certification.

Related: ENBD REIT’s ‘The Edge Building’ bags major green building certification


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