ServeU, a UAE-based leading facilities management (FM) company and a subsidiary of Union Properties, has signed a strategic Memorandum of Understanding (MoU) with RESET MENA, energy, and utilities turn-key project company.
The landmark agreement, signed by Mr. Gary Reader, General Manager of ServeU, and Mr. Frederic Cantin, General Manager of RESET, comes as ServeU continues to enhance and expand services offered within its growing energy management division. The partnership is expected to yield for ServeU an estimated $4 million in revenue in the next 12 to 18 months.
Under the agreement, the entities will offer the market a range of energy services, including energy performance contracts, retrofit, solar panels, and energy sector digitalization. Building on ServeU’s strong facilities management experience, the projects will be delivered with in-house capability of retrofit installation and maintenance. Five new projects are now underway, two of which are targeted to be completed this year.
“It is a milestone achievement for ServeU as it will enable the company to further contribute to the development of the country’s energy industry. Our collaboration will also pave the way for us to enhance our energy management division. Revamp of the ServeU energy brand will see us advancing our strategies and offerings according to the sector’s modern needs while ensuring the highest client satisfaction. We will leverage our strong FM experience to provide RESET with our expertise and energy efficiency services such as the installation and maintenance of retrofit equipment.”
Mr. Cantin said that “We are committed to our strategy to tactically expand in the market and build a wider UAE-based clientele. This MoU directly aligns with our vision and will enable our clients to fully realize their energy-saving opportunities through our industry experience and technical know-how for sustainable development. This will not only improve the performance of our client’s facilities but in turn, reduce outgoing operating costs and mean substantial savings. Thus, this proves to be a beneficial partnership for both parties.”