Enova

What Enova does

Enova is a Dubai-headquartered joint venture between Majid Al Futtaim and Veolia, founded in 2002, that delivers integrated energy and multi-technical facilities management services to enterprise and government clients across the MENA region and Turkey. The company operates through 9 regional offices (UAE, Oman, Saudi Arabia, Bahrain, Qatar, Lebanon, Egypt, Turkey) with a workforce of more than 5,500 across 50+ nationalities, serving sectors that include airports (11 across the GCC), healthcare facilities, retail and shopping centers, industrial manufacturing, and public-sector infrastructure. Core service lines encompass Facility Management, Energy Management, Renewable Energy (including solar PV EPC and O&M), Sustainable Solutions, Asset and Performance Management, Project Management, and Digital and Technologies.

Revenue is generated through multi-year managed-services contracts, most notably Energy Performance Contracts (EPCs) structured as guaranteed-savings or shared-savings arrangements, complemented by subscription-style recurring revenue from the Hubgrade smart monitoring platform (Connection, Support, and Optimization tiers). Distribution is exclusively direct enterprise field sales supplemented by strategic channel partnerships with Schneider Electric and real estate developers; pricing is bespoke and not publicly disclosed. Cumulative reported client outcomes since 2002 include AED 530 million+ in energy cost savings, 580,000+ tons of CO2 reduction, and 1.3 billion+ kWh of electricity savings.

The technology stack is anchored by the Hubgrade hypervision platform (Veolia-powered) for real-time energy monitoring and fault detection, the AIEVA AI virtual assistant built on Google Cloud Gemini for customer and operational engagement, the One Enova mobile application supporting 6,000+ employees, the EVO operations portal, plus drone inspection, smart-glasses-enabled field diagnostics, VR-based HSE training, and the My Carbon Footprint sustainability application. Enova holds the first ESCO accreditation in Dubai (2014), subsequently extended to Sharjah, Ras Al Khaimah, and Saudi Arabia, along with ISO 9001/14001/50001/55001/27001/45001/41001 certifications and LEED Platinum for its Dubai headquarters.

Name

Enova

Legal name

ENOVA Facilities Management Services LLC

Website

https://enova-me.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Enova is a Dubai-headquartered joint venture of Majid Al Futtaim and Veolia that delivers integrated energy and multi-technical facilities management services to enterprise and government clients across the MENA region and Turkey, anchored by the Hubgrade monitoring platform.

Ownership category

akta.pro rank

Product category

Integrated Energy and Facilities Management

NAICS

Environmental Consulting Services (54162), Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Auto Controls For Regulating Residential & Comml Environments (3822), Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)

akta.pro secondary industries

Environmental Data Integration, ETL & Interoperability (APIs, Standards, Data Pipelines) (EUAHAKAB), AI Observability, Monitoring & Evaluation Platforms (Drift, Quality, Safety) (HDAEANAF)

Keywords

• Energy management services
• Facilities management solutions
• Renewable energy solutions
• Building energy optimization
• Integrated facility services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Energy Performance Contracts (EPC): Performance-based contracts where Enova guarantees energy savings outcomes. Two models offered: 'Guaranteed Savings' for assured efficiency outcomes, and 'Shared Savings' for flexible solutions aligned with client investment levels. Revenue recognized based on verified savings delivery against contractual KPIs.
2. Facilities Management Services: Comprehensive multi-technical services including maintenance, technical operations, cleaning, landscaping, and waste management for airports, commercial buildings, and industrial facilities. Typically structured as multi-year contracts.
3. Solar PV Installation and O&M: Turnkey solar photovoltaic plant installation with subsequent operations and maintenance. Includes rooftop and carport solutions. Revenue from engineering, procurement, construction, and ongoing service fees.
4. Digital Solutions and Monitoring: Hubgrade smart monitoring services with three service tiers: Connection, Support, and Optimization. Revenue from data analytics, fault detection, and reporting services supporting energy performance contracts.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Enova provides integrated energy and facilities management solutions for commercial, industrial, healthcare, aviation, retail, and public-sector clients across the MENA region and Turkey. Core offerings include facility management, energy performance contracts with guaranteed savings, renewable energy (solar PV) installation and operations, asset and performance management, and project management. The company's digital portfolio — Hubgrade smart monitoring, AIEVA AI assistant, EVO operations portal, One Enova mobile app, My Carbon Footprint tracker, drone inspections, smart glasses, and VR training — wraps these services with real-time monitoring, fault detection, and predictive analytics.

Product overview

Enova is a comprehensive integrated energy and facilities management solutions provider operating across the MENA region and Turkey. The company offers a platform-plus-modules architecture consisting of core facility and energy management services enhanced by a portfolio of digital technology products. Core services include Facility Management, Energy Management, Renewable Energy, Sustainable Solutions, Asset and Performance Management, Project Management, and Digital and Technologies. The digital portfolio is anchored by Hubgrade (smart monitoring center with live energy monitoring and fault detection), supplemented by AI-powered virtual assistant AIEVA, One Enova mobile application, EVO (virtual operations portal), smart glasses technology, drone inspection capabilities, virtual reality training, and My Carbon Footprint carbon tracking application. These products work together to enable real-time monitoring, predictive maintenance, sustainability tracking, and operational optimization for clients across public, residential, commercial, industrial, and healthcare sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Hubgrade: Enova's smart monitoring center platform for live energy monitoring and data analytics.
• EVO (Enova Virtual Operations)
• One Enova
• My Carbon Footprint
• AIEVA

Products and services

• Hubgrade Smart monitoring center powered by Veolia that provides live energy monitoring, data collection, real-time information, energy performance contract support, and automatic fault-detection capabilities for enterprise facilities.
• One Enova Mobile Application Mobile application supporting 6,000+ Enova employees with HR request management, cross-departmental communication, and paperless operations powered by AI capabilities.
• EVO (Enova Virtual Operations) Unified operations portal with 24/7 availability featuring live monitoring, real-time maintenance, energy efficiency tracking, dynamic dashboards, business intelligence reports, directory and messaging, and task management.
• AIEVA (AI Virtual Assistant) AI-powered virtual assistant built with Google Gemini generative AI that supports multiple languages, processes queries efficiently, and provides precise answers and recommendations to customers, job seekers, and suppliers.
• My Carbon Footprint Application Carbon footprint calculator tool with an emissions dashboard that helps organizations track and visualize environmental impact; includes a NetZero Guidebook with 40 steps toward net zero. Available on web, iOS, and Android.
• Facility Management Services Comprehensive facilities management ensuring seamless operations, increased efficiency, and optimal maintenance for businesses across MENA and Turkey.
• Energy Management Services Systematic monitoring, control, and optimization of energy usage in buildings and facilities, including energy performance contracts with guaranteed savings.
• Renewable Energy Solutions Innovative renewable energy solutions aimed at driving sustainability and reducing carbon footprints, including turnkey solar PV plant installation and ongoing operations and maintenance.
• Asset and Performance Management Strategic oversight and optimization of physical assets to ensure maximum efficiency, longevity, and reliability for client organizations.
• Project Management Strategic planning, coordination, and execution of technical, MEP, and energy performance projects to ensure optimal functionality and efficiency of building systems.
• Solar PV Installation and O&M Turnkey solar photovoltaic plant installation (rooftop and carport) with subsequent operations and maintenance, generating on-site renewable electricity for industrial and commercial clients.
• Hubgrade Smart Monitoring Services (Connection, Support, Optimization tiers) Hubgrade smart monitoring service offered in three tiers — Connection, Support, and Optimization — providing data analytics, fault detection, and reporting services that support energy performance contracts.

Quantifiable outcome

• 21.1% guaranteed annual energy savings achieved for Waterfront Market with 1.1 year ROI
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature7 records

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Imdaad: Qatar-based integrated FM company providing facilities management, environmental, and energy services. Comparable to Enova in regional FM coverage, with overlapping airport, commercial, and government client base in the GCC.
• Farnek: Swiss-managed, UAE-headquartered FM and energy services provider with strong presence in hospitality, retail, and commercial real estate. Direct peer to Enova in the UAE market, with comparable energy management and sustainability offerings.
• Emrill: UAE-based integrated facilities management company offering hard and soft FM services across commercial, residential, and infrastructure sectors. Directly competes with Enova in the UAE FM and energy management market, serving similar enterprise and government clients.
• Etihad ESCO: UAE-based Energy Services Company subsidiary of Etihad Water and Electricity, focused on energy performance contracts for buildings. Direct competitor to Enova's ESCO business in the UAE, particularly for government and semi-government retrofits.

Broad incumbents

• Sodexo: Global FM and food services leader with a strong presence in the Middle East. Competes with Enova on integrated FM contracts, particularly in healthcare, education, and corporate services, with broader service line breadth.
• Johnson Controls: Global building technologies and FM solutions provider with OpenBlue digital platform. Competes with Enova in smart building integration, HVAC, and energy management, particularly on large commercial and industrial campuses in the region.
• Veolia: Enova's 50% parent and global leader in resource management. Beyond its JV stake, Veolia's other regional arms compete with Enova on certain municipal and industrial energy services contracts outside the JV's defined MENA scope.
• Schneider Electric: Global energy management and automation leader, and Enova's strategic partner (since July 2025). Beyond partnership, Schneider's EcoStruxure and energy services arm overlap with Enova's Hubgrade-style digital monitoring and EPC offerings globally.
• ENGIE (formerly Cofely): Global energy services and FM giant with a strong MENA presence. Competes with Enova on multi-technical and energy performance contracts, offering broader geographic reach and deeper balance sheet support for large-scale projects.
• ISS A/S: Global facility services provider with significant MENA operations offering integrated FM, cleaning, and technical services. Competes with Enova for large multi-site contracts and brings deeper international benchmarking capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/enova-me
• Xx.com/enovame
• Facebookfacebook.com/mafdalkia

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enova