UEM Edgenta Berhad has entered into a Memorandum of Business Exploration Agreement with ITMAX System Berhad to market and enhance its service offerings and technology solutions to deliver Smart City Solutions
DUBAI, 17 October – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, has entered into a Memorandum of Business Exploration (“MOBE”) agreement with ITMAX System Berhad (“ITMax”) with the purpose of a global business and technology strategic partnership to deliver Smart City Solutions in the United Arab Emirates (“UAE”), The Kingdom of Saudi Arabia (“KSA”); and offer Smart Facilities Monitoring & Management programs in Malaysia.
ITMAX is a provider of Public & Private Space Network Systems Infrastructure that focuses on smart traffic management and artificial intelligence solutions that promote smarter and safer living in cities, townships, and municipalities.
The MOBE signing ceremony happened on the 11th of October in Dubai. In attendance was Yang Berbahagia Tuan Fadly Amri, Consul General of Malaysia to the United Arab Emirates, William Tan, Managing Director/Chief Executive Officer of ITMAX System Berhad, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, the senior management team from UEM Edgenta and ITMAX, business partners, as well as clients.
The future of Facilities Management is one that is driven by technology, connectivity, and customer experience. In many parts of the world today, Facilities Management is becoming a commodity. The next few years will be the defining moment for the industry. The next-generation solutions are taking shape in the market, technology-enabled services with the deployment of IoT, Big Data, and advanced connectivity are driving digital transformations for both service operators and clients, turning buildings intelligent, and reducing total lifecycle costs of assets.
The partnership will focus on extending Edgenta’s solution offerings into smart security and surveillance, especially in public/community spaces. The solution empowers authorities from townships and municipalities to react proactively to critical and emergency events. These technologies help achieve a safer environment and drive a better user experience.
“Edgenta is committed towards building a portfolio of solutions for smart cities – an anchor strategy towards being a tech-enabled Facilities Management company. Edgenta NXT together with our execution arm around the world, is building a smart platform that is agile, autonomous, high-interoperable on a cloud infrastructure that allow us to scale and integrate with partners in a very agile
manner globally. To this end, we are excited to be able to feature one of the many solutions that we are bringing to the UAE together with our strategic partner, ITMAX,” said Rais Imran, Chief Strategy Officer of UEM Edgenta.
With business footprint in 6 core markets – Singapore, Taiwan, Indonesia, Malaysia, India, the United Arab Emirates and more recently, the Kingdom of Saudi Arabia. Among its identified growth markets, KSA and the UAE are of particular interest. UEM Edgenta’s second largest Integrated and Smart Facilities Management market after Malaysia, Dubai, has encouraging growth prospects with one of the fastest-growing economies in the world where plenty of world’s first infrastructure are developed or being developed. UEM Edgenta aims to capitalize on that growth and expand our solution offerings, both from a service and technology perspective and will continue to work with partners to accelerate the growth of our ecosystem to extend these end-to-end capabilities to our clients.
The Company’s orderbook stands at RM10.5 billion and UEM Edgenta continues to win new contracts in first half of FY2022. International markets and technology-enabled contracts continue to lead the new contract wins, both contributed to more than 70% of these new contracts, affirming the Company’s international market expansion and becoming a technology-enabled solutions company strategies.
The Company Strive to drive resilient growth through tech-enabled solutions and sustainability programs across its operations while continue with digital transformation through Edgenta NXT to offer end-to-end services and technology solutions across Malaysia, Singapore, Indonesia, Taiwan, India, United Arab Emirates and The Kingdom of Saudi Arabia.
