As a precursor to the FM EXPO, research into energy control within the built environment has revealed that $3.6 billion per annum is being lost due to inefficient energy management solutions inside professionally managed buildings in the GCC
Dubai, UAE: In collaboration with Credo, the Middle East Facilities Management Association (MEFMA) has evaluated the financial returns that can be realized from retrofitting old buildings with energy-saving measures.
It was found that 75% of the $3.6 billion could be paid back within two years following capital expenditure. This would come from an up to 65% saving in power, cooling and water costs.
Likewise, it also examined the new-build market in partnership with MEED Insight and predicts the energy management industry is unable to capitalize on opportunities worth $100 million per annum since there are no incentives for developers to invest in sustainable technologies.
Currently in the UAE investment levels into new energy management systems in 2013 is estimated at a little less than $30 million annually. For the GCC as a whole, this estimate stands at $63 million.
"The report highlights not only the cost implications of inefficient utilities but the startling waste of power and energy that buildings in the GCC are emitting." said Jamal Lootah, President of MEFMA. "The world's building industry accounts for almost 40% of global greenhouse gases and the facilities management industry is in the best position to help reduce that figure. But it needs local governments to regulate the industry with green codes and incentives for building owners to invest in energy efficient technologies. Together with our partners, Credo and MEED Insight, we now have the data that supports our argument; energy management solutions are a critical cost-saving component towards sustainable buildings in the GCC."
The reports will be presented at the conference organized alongside FM EXPO 2014, taking place from 19-21 May at Dubai International Conference and Exhibition Centre, and will highlight the barriers hindering widespread adoption of energy management solutions.
Alistair Stranack, Partner at Credo Business Consulting and speaker at the FM EXPO said; "Despite the scale of potential savings the market has been slow to develop with only a few FM players actively pursuing the opportunity. This is partially as a consequence of subsidized energy prices, and is why regulation and incentives are critical to a more sustainable market."
Likewise, Melanie Noronha, Senior Analyst at MEED Insight added; "There are two facets of energy efficient buildings - utilising "green" design and building materials during the construction phase and monitoring and controlling energy continually during the operating phase. While there has been ample emphasis on the former in some GCC states, there is considerably less attention paid to the installation of energy management systems."
Jaafar Shubber, senior project manager, FM EXPO 2014, commented: "The industry is hungry for knowledge and insight. These reports provide an excellent opportunity for participants and visitors to FM EXPO to get exclusive access to the very latest findings on some of the most pressing industry topics."FM EXPO will take place alongside two brand new events, Middle East Waste & Recycling and Commercial Cleaning and Hygiene, bringing three intrinsically linked sectors together under one roof.
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About FM EXPO, Middle East Waste & Recycling and Commercial Cleaning & Hygiene
FM EXPO, Middle East Waste & Recycling and Commercial Cleaning & Hygiene is Officially Supported by the Dubai Municipality and the Middle East Facilities Management Association (MEFMA)
FM EXPO is also supported by Platinum Sponsor Ejadah, and Imdaad, the event's Principle Intelligence Partner, with Farnek as Sustainability Partner and Emrill as Innovation Sponsor, and EFS Facilities Services as Silver Sponsor.
averda is the Platinum Sponsor for Middle East Waste & Recycling 2014, and Imdaad, the event's Principle Intelligence Partner.
FM EXPO is in its eighth year and brings together building owners, occupiers, FM companies, and suppliers alike, to help the FM industry generate new business and promote regional awareness. Organized by dmg events, FM EXPO is free for trade visitors. Featuring free-to-attend seminars and the third annual edition of the World FM Congress, FM EXPO 2014 offers facility management professionals session covering the latest regulations, innovative solutions and world-class case studies.
Collocated at the Dubai World Trade Centre (DWTC), Middle East Waste & Recycling, and Commercial Cleaning and Hygiene, are two premier exhibitions, dedicated to their niche industries. Middle East Waste & Recycling will deliver waste management and recycling solutions to the region, providing a platform for manufacturers and suppliers to reach decision makers in the waste and recycling sector. The event will attract waste management professionals seeking solutions for waste minimisation, collection, treatment, disposal and recycling.
Commercial Cleaning and Hygiene will attract manufacturers and suppliers of cleaning equipment and services, contract cleaning companies, facility managers and distributors within the region, as well as end users within government, education, healthcare, leisure, and retail sectors.
FM EXPO 2014, Middle East Waste & Recycling, and Commercial Cleaning & Hygiene, will be held from 19 - 21 May 2014. For more information about these events, visit www.fm‐expo.com, www.middleeastwaste.ae, and www.middleeastclean.com
About dmg events
An international exhibition and publishing company, dmg events produces market-leading exhibitions and conferences for the global energy, construction, digital marketing, coatings, hospitality and interior industries, with events in the Middle East, America, Europe and Asia.
As a leading supplier of face-to-face business information, with a customer-centric focus that localizes operations and relationships, our objectives are to keep businesses informed and connect them with relevant consumers to create vibrant marketplaces across multiple event platforms and communities.
Founded in 1989, dmg events has operated in the Middle East since 1995 and owns many leading brands such as The Big 5 construction events, ADIPEC the oil & gas exhibition and conference and INDEX the interior design exhibition. For more information visit www.dmgeventsme.com
dmg events is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.com), an international portfolio of digital, information, media and events businesses.
About DMGT
DMGT is an international business built on entrepreneurship and innovation. We bring together leading companies and talented people to provide businesses and consumers with high-quality analysis & insight, information, news and entertainment.
Group revenues are split across our five operating businesses.
The B2B businesses are:
• Risk Management Solutions
• dmg information
• dmg events
• Euromoney Institutional Investor
The Consumer business, known as dmg media, comprises:
• The Daily Mail and The Mail On Sunday
• MailOnline
• Metro
• Evenbase (Jobsite &Jobrapido)
• Wowcher
• Zoopla Property Group* (Zoopla& Prime Location)
DMGT's ambition is to provide the highest quality content and services, across the most attractive growth markets in innovative, responsible and sustainable ways, building on its track record of earnings and dividend growth.
About MEFMA
Supported by the Real Estate Regulatory Agency (RERA) as a non-profit association, MEFMA provides a dedicated platform for FM professionals, wider construction industry stakeholders and owner associations. http://www.mefma.org/
About Credo Business Consulting
Credo Business Consulting (www.credo-group.com) is a leading advisory services firm, helping many of the world's major organisations to make and implement better strategic decisions. It has built unrivalled expertise in its core markets, including facilities management, infrastructure and support services, where Credo is widely seen as the 'go to' firm for senior management and investors. Credo works across international markets, with offices in London & Dubai.
About MEED Insight
MEED Insight is the consulting arm of the MEED business. It provides bespoke market research, business plans, feasibility studies and corporate strategy development studies to help clients make more profitable and informed business decisions. MEED Insight has access to a wealth of regional information ranging from broad macroeconomic statistics to specific sector data to help its clients accurately and cost effectively forecast market growth and trends.
MEED Insight has a particular focus on project-related market data thanks to its proprietary database of projects in the region, MEED Projects. Thanks to the respected MEED name and magazine, MEED Insight consultants have considerable access to the market, enabling them to speak directly to clients, consultants, government ministries and other companies.
For further information, please contact:
dmg@webershandwick.com
+971 4425 4240
© Press Release 2014
