4 MANAGEMENT DISCUSSION AND ANALYSIS 61 SAUDI ARABIA Our operations in Saudi Arabia are delivered through Edgenta Arabia Limited (“EAL”), our wholly owned subsidiary headquartered in Riyadh, together with MEEM Facilities Management Company (“MEEM”). Both entities form part of our international business division, delivering IFM services, technology-driven solutions and sustainability-led solutions. Trends • Large-scale transformative developments such as Diriyah, The Red Sea and Qiddiya continue to drive infrastructure and urban development across the Kingdom, forming a central part of Saudi Arabia’s Vision 2030 economic diversification strategy. • AI- and IoT-enabled smart facilities management being adopted to improve the efficiency of managing these mega-projects. • Continued investment in local capability development and Saudization initiatives aligned with Vision 2030 workforce localisation goals. • Increased implementation of green building operations, energy efficiency systems, waste management protocols and ESG performance tracking, in line with the goal of 40% of new commercial developments with LEED/Mostadam certification by 2026. Our Response • Tailoring our facilities management strategies to align with mega-project requirements and national goals that prioritise smart cities, sustainable urban development and Middle East hospitality. • Extending IoT and AI capabilities to the existing CAFM implementation to explore predictive maintenance capabilities. • Driving our ESG-aligned value proposition with an emphasis on green services, energy audits and LEED certifications. • Developing local Saudi talent through partnerships, facilities management academies and expertise transfer. • Differentiating our offerings with bundled services, performance-based pricing, tenant engagement and long-term lifecycle management to meet changing client demands.
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