Farnek achieves international standard for asset management
Nov 22, 2016

Leading UAE-based total facilities management (FM) company Farnek, has successfully completed the certification assessment for its asset management system complying with ISO 55001:2014, according to international external auditor Bureau Veritas.  

ISO 55001 provides a framework for an asset management system that will help Farnek to pro-actively manage the lifecycle of its assets, from initial acquisition to retirement. The system will also reduce the risks and the costs associated with owning assets, in a structured and efficient way, that will sustain continual improvement and create further value moving forward.

Commenting on the quality milestone achievement, Markus Oberlin, CEO, Farnek, said: “Achieving ISO 55001 will provide us with a structured, best practice approach to managing the lifecycle of our assets. It will also help to reduce the risks associated with owning assets – anything from unnecessary maintenance costs and inefficiency to accident prevention – which will undoubtedly improve our health and safety performance.

“Our customers will also benefit from the enhanced quality assurance of the services we deliver. Indeed, ISO 55001 will also help to improve our existing and new business acquisition and retention, as stakeholders can clearly take confidence from the fact that they know we have a defined strategy in place, to make sure that assets meet the necessary safety and performance requirements.

“Moreover, it clearly demonstrates that we are meeting the requirements of an internationally recognised asset management system,” he added.

Bureau Veritas, a global leader in certification, guided Farnek through the certification process and conducted the final assessment. In a statement from the technical department, the company said:

‘Farnek has been recommended for registration and issuance of the corresponding certificate. We would like to take this opportunity to congratulate the team for this achievement.’

Babar Hussein, Farnek’s HSEQ Manager, said: “Our operations and IT departments in particular have worked tirelessly, to make this external audit successful. When it comes to health, safety, environment and quality, we always adhere to the highest standards and operate to international best practice. Now that it is official, it is very gratifying to be globally recognised for this.”

The ISO achievement comes only weeks after Farnek announced that it would build a new staff accommodation centre, close to Al Maktoum International Airport-Dubai World Central, at a cost of AED 150 million, which once complete, will house 8,000 employees.

This 100,000 square feet facility should be complete by December 2018 and will raise the bar for intelligent buildings through total efficiency and connectivity and will be a model for waste management and smart energy concepts.