Emad Mukhalalaty

Initial is the a TFM company with over 4 decades of FM experience and stands behind every project in Saudi. The services provided are
Total Facility Management
support Services
Cleaning Services
Security
Pest Control
Engineering
Landscaping

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approach covering the above utility concept, including the construction of a 110Kv Hv substation. Due to the economic climate at the time the
project was paused.
Achievements:
• Developed a 5 Year utility strategy that met the approval of board members, municipality and master planners.
• Reduced initial electricity connection cost for the world’s tallest tower from SR1.4Bn to SR288M by altering of network design.
• Negotiated the lowest potable water contract cost (including lowest cost/tariff rate) in the industry, taking them from SR10/m3 to
SR4.25/m3.
• Created the necessary corporate governance, ERP and administration systems necessary for effective document control on a mega
project.
• Launched three successful bid documents for developers to provide captive Water, Power and District Cooling services to meet city
demand.
• Negotiated contracts with Technical, Legal, and Commercial advisors appointed to support preparation of bid documents for bid
solicitation from prequalified service providers such as Veolia, ABB, EDF, Johnson Control and Engie.
• Coordinated service provider shortlisting and preparation of presentation summary to shareholders for final approval.
• Met tight project development schedule that was aligned with city development.

Altaaqa caters to an ever-growing demand for power, water and cooling in the region. Managed a team of senior managers and engineers,
leading over 450 employees with accountability for a turnover of more than SR500M in Saudi Arabia alone.
Achievements:
▪ Drove business growth from SR35 million to SR560M