The investment arm of the Emirate of Sharjah, Sharjah Asset Management (SAM), has teamed up with Germany’s Apleona to set up a new facilities management company, according to WAM news agency.

Being the first of its kind in Sharjah, the company will aim to deliver facility management services along with specialist technical services to its clients, stated Waleed Al Sayegh, CEO of Sharjah Asset Management, after the signing of the contract.

The company currently has two project contracts worth $5.4 million. According to Al Sayegh, the joint venture springs from identifying the void in Sharjah for this kind of services and the company’s desire to close this gap.

Gert Riegel, COO of Apleona Facility Management, Frankfurt, praised Apleona’s facility management solutions as “a value adding factor for our customers,” adding that with this joint venture his company would look to contribute towards protecting the environment and commercially benefit its clients at the same time.