- Partnership between Majid Al Futtaim and Veolia has grown significantly across Gulf, Egypt, Levant, and Türkiye, enabling more than AED340 million in total cost savings and a total of 430,000 tons in CO2 reduction
Dubai, United Arab Emirates, 23 May 2023: Marking two decades of operations in MENA, Enova, the regional leader in integrated energy and multi-technical services, is reporting that it has enabled total energy cost savings of more than AED340 million and a total CO2 reduction of more than 430,000 tons for clients since its establishment as a partnership between Majid Al Futtaim and Veolia in 2002.
With four ESCO (energy service company) accreditations in the region, Enova delivers comprehensive and performance-based energy and facilities management solutions to the Middle East’s largest international airports, healthcare facilities, hotels and resorts, and shopping malls, as well as metros and trams.
According to CEO Renaud Capris, demand for Enova’s services will continue to grow as organizations in MENA prioritize energy-efficient solutions. “As we enter our 20th anniversary year, the region is more focused on sustainability than ever before, and there is tremendous demand for energy efficiency enabled through technology and digitalization. Moreover, 2023 has been declared the ‘Year of Sustainability’ by the UAE and COP28 will be hosted in Dubai, marking the second consecutive year that the global event will be held in the region,” Capris says.
“In this context, Enova’s immediate priorities over the next decade will be around increasing the energy efficiency of our customers, reducing their carbon footprint, and delivering clean, renewable energy solutions, through global innovations combined with regional and industry expertise,” he adds.
Through its real-time Hubgrade monitoring dashboard, Enova’s clients receive predictive models and advanced data analysis of energy consumption, leading to opportunities to reduce further resource usage and meet their sustainability objectives.
By integrating energy performance with facilities management solutions, Enova enables organizations in both the public and private sectors to focus on their own operations and core competencies.
Growth drivers
Supporting regional organizations with net-zero and sustainability strategy goals, Capris anticipates sizable growth opportunities in 2023 from the transportation, healthcare, hospitality, and industry sectors, with a considerable pipeline of energy performance demand coming from the region’s private sector.
“Solar Photovoltaic technologies are among Enova’s growth drivers for 2023 and beyond,” Capris continued. “In parallel, energy-efficient solutions are increasingly enabling regional organizations to optimize their costs, while equally reassuring their own customers of a measurable and sustainable approach to reduce usage for electricity and water.”
Attracting, developing, and retaining talent in energy performance is a key goal for Enova, which employs more than 5,000 professionals across the MENA region, with a focus on nationalization in markets such as the Kingdom of Saudi Arabia and the UAE.
Increased market regulation and a regional focus on digital transformation are among the major trends that will drive Enova’s continued expansion in the next 10 years. “Companies are increasingly adopting their country’s focus on measurable sustainability goals, and at the same time, building and system automation are becoming more prevalent, with AI and other innovations delivering greater insight and digitalized improvements,” Capris concluded.
About Enova
Enova is the regional leader in integrated energy and multi-technical services, offering comprehensive and performance-based Energy and Facilities Management solutions to its clients to help achieve their financial, operational, and environmental targets. With more than 5,000 highly trained and multi-skilled employees, Enova serves a wide portfolio of clients in the public, residential, commercial, industrial, and healthcare sectors across the region.
Enova was created in 2002 as a joint venture between Majid Al Futtaim and Veolia. Majid Al Futtaim is the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. Veolia is a global leader in optimised resource management; designing and providing water, waste, and energy management solutions which contribute to the sustainable development of communities and industries.
Please follow us on:
https://ae.linkedin.com/company/enova-me
For more information, please visit www.enova-me.com.
About Veolia
Veolia group aims to be the benchmark company for ecological transformation. With nearly 179,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28,508 billion euros in 2021. www.veolia.com
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa, and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment, and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 16 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai, Dreamscape and Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde and LEGO. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. www.majidalfuttaim.com
Please follow us on
https://www.youtube.com/user/majidalfuttaim
https://www.linkedin.com/company/majid-al-futtaim
https://www.facebook.com/MajidAlFuttaim
https://www.instagram.com/majidalfuttaim
https://medium.com/@Majid.AlFuttaim