april ma y - AE.AE

3
MESSAGE FROM AE MD -Mansour Al Alami
We are in the last quarter of our Financial Year which is
always challenging and gratifying if achievements of the last
3 quarters have been as per the budget or have exceeded
results . Like any last lap it requires, focus, renewed energy,
enthusiasm, commitment and will to make it happen. Team
work, Leadership, Strategy and close scrutiny plays a vital role
in meeting / exceeding targets. On the onset of my message I
request all, to keep your momentum and stay focused and let
us make it happen.
We are seeing rippling effects of UAE recession of 2009,
taking some striding toll on our IT companies. Clients have
restrained their spending and desire to extend the payable
period; suppliers have tightened their belts effecting the
margins ; not forgetting banks have been very cautious with
regards to extending facilities and having very low appetite for
the IT sector. With a combination of such challenges, it is vital
that we think out of box, stay focused and capitalize on each
other’s strength; oversee all interconnected processes and be
on the vigilant so as no slippage provides the reason for any
party, for the non achievement.
With soaring prices of oil in the International arena, oil & gas
sector is destined to boom further. We see immense amount
of development at the planning and execution stage. Emdad
and its subsidiaries have benefitted from this overall positive
development. Our existing projects are producing results and
new ventures such as Valve Workshop, CP Construction and
CP Monitoring are producing great opportunities for short
and long term results. Emdad also went through BV audit
last month and we saw it conforming well and there were
no non conformities. With the assistance of Tatweer we are
aiming at achieving ISO 29001 and API standards for our
newly added activities. Marcap, Valentine Maritime, Emdad
Prezosio, Emjel, Emdad Gulf Catering, China Petroleum and
many others in Emdad Group sails smoothly towards the right
direction.
Our subsidiaries from Corporate Sector have mixed results.
Tatweer stay put on its yearly target and expects to close the
year as committed to the board. This is eight year of Tatweer
operations and every year we see positive results in form
of revenues and net profits. Tatweer is aiming to achieve
environmental consultancy license from Environment
Agency Abu Dhabi (EAD) which will enhance its reach to
Abu Dhabi based Zones Corp and Abu Dhabi Food Control
Authority. GI has seen average progress in last quarters and
expects to pick up its revenue with upcoming ISNR project.
Furnicon is doing well by staring focused on its key clients
and major projects. With recent high profile awards and
letters of intents, Furnicon faces challenge of on-time delivery
while maintaining the quality and environment standards, it
is committed to. Furnicon also embarks on the self challenge
of meeting regulatory and operational requirements of ISO
14001 International Standard, in line with the green product
certification of its international manufactures. Furnicon
expects to be certified to ISO 14001 standard by next
surveillance audit.
Jan. 1st 2012 also saw rolling out of HR Benchmarks
throughout the AE Group. These benchmarks are comparable
to any multinational setup. HR teams have reached to a
maturity level where their value add can now be monitored,
judged, and improved with known criteria. Analysis of data is
important and this will help in improving ourselves further.
Monthly updates on the HR data and benchmarks will be
provided to respective BUM by the HR teams.
My message will not be complete if I missed out on the AE
PR department who have worked hard in meeting the extra
work load which was channeled due to new partnership with
China Petroleum and Emdad Gulf Catering. With more than
2000 employment visas to be processed alongside the group
normal intake of new recruitments and renewal, it is definitely
a job well done.
Masadar, our new manpower focused company has now
started serving business units with manpower recruitments.
Seeds have been placed at the right places and we hope to reap
the benefits in the days and months to come.
I conclude my message with quote of Helen Keller
“We can do anything we want to if we stick to it long enough”