Farnek CEO ranked fifth in Middle East Power 50 list
Dec 5, 2016


Farnek CEO, Markus Oberlin has been recognised as one of the top five most influential FM industry executives by respected industry publication FM Middle East.

In their latest annual Power List, (released on 4 December) the magazine identifies and ranks in numerical order the top FM executives throughout the region, with Oberlin, who has been at Farnek’s helm for over a decade now, coming in at number five for 2016, up two places from last year’s ranking.

The recognition caps an outstanding year for Farnek, which clearly established itself as one of the UAE’s foremost total facilities management companies and a market leader in smart FM technology as well as sustainability, since its establishment in 1980.

According to the latest financial estimates, Farnek’s turnover for 2016 will likely increase by 35% over 2015. It’s highly skilled workforce has grown by over 40% this year to over 4,000 employees and Farnek has opened new offices in the Northern Emirates, supplementing their existing offices in Abu Dhabi and Dubai.

Earlier this year Farnek announced that it is also investing over AED150 million into a new state-of-the-art staff accommodation centre in Dubai Investments Park, which will house more than 8,000 employees when it is handed over in 2018.

Last month Farnek successfully completed the certification assessment for its asset management system, complying with ISO 55001:2014, following an audit by international external auditor Bureau Veritas.  

New contract wins in the entertainment sector, included IMG Worlds of Adventure and Dubai Parks & Resorts, in addition to the Swiss International Scientific School as well as Sweid & Sweid’s 100,000 square feet office complex in Dubai Internet City.

However, Farnek’s irrefutable USP and pinnacle of its new contract wins, remains their successful bid in 2010, for the maintenance contract for the tallest building in the world, Burj Khalifa, which Farnek still retains today – the ultimate trade reference.