Facilities Management Middle East

Farnek showcases smart solutions at Retrofit Tech to support MENA net zero ambitions

Four countries in the GCC region have already committed to Net Zero targets


EVENT FM company Farnek, is currently showcasing its HITEK smart solutions at the Retrofit Tech MENA Summit, which is taking place at the Movenpick Grand Al Bustan in Dubai. The series of events provides an inclusive platform for key players in the energy efficiency, sustainabi­lity and retrofitti­ng sectors, to support the region’s sustainabi­lity goals.

Four countries in the GCC region have already committed to Net Zero targets, the UAE and Oman by 2050, while Saudi Arabia and Bahrain have targeted a date of 2060. Qatar and Iraq have also announced plans to reduce their carbon emissions, with Egypt and the UAE hosting COP 27 & COP 28 in 2022 and 2023 respective­ly.

“In partnershi­p with the private sector, strategic plans will need to be put in place to initiate large-scale retrofitti­ng and energy efficiency projects, for which sustainabl­e design and energy efficient performanc­e will be of paramount importance,” said Markus Oberlin, CEO, Farnek

“Integratin­g with Building Management Systems (BMS), the HITEK digital solution is fully equipped to identify, design, deliver and finance energy reduction for and on behalf of building owners, which creates not only more cost-effective buildings but a cleaner environmen­t,” he added.

Farnek has been a member of the Energy Services Company (ESCO) accreditat­ion scheme since March 2017. The scheme was primarily set up to give building owners, and managers added confidence, that the accredited companies had the experience, capabiliti­es, financial strength, HSE and related equipment, to retrofit buildings to internatio­nal standards.

Under the ESCO programme there are two different business models, catering for the most popular approaches to energy performanc­e contractin­g.

The shared savings model refers to ESCO investment into the equipment and materials to generate energy efficiency and is remunerate­d from a predetermi­ned percentage of the savings generated.

 ?? ?? Farnek at the event.
Farnek at the event.

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