Emirati Doleh family office invests in Quimera to expand in the Gulf Region

The energy division of the Doleh family office from Dubai and Quimera Energy Ltd from the UK agreed to invest in a new company – Quimera Energy Facilities Management LLC.

Quimera Energy LLC, based in Dubai, will utilise its proven expertise in delivering Energy Efficiency Solutions within the Gulf Region.

Quimera Energy LLC will initially be working in the hospitality sector, deploying energy optimisation projects by reducing emissions and utility consumption at landmark properties in the region. The Doleh family office will bring strategic support to develop the company’s business model into the broader real estate environment.

As a consequence of the Doleh family’s substantial investments and relations in the region, it is envisioned that development of Quimera Energy LLC will broaden in the near term to include commercial property, offices and public buildings.

Due to a tight confidentiality agreement in place, the amount of the investment is non-disclosable.

About the Doleh family office: Having built up a significant international land bank over the past 60 years, the founder and Chairman, Mr Zakaria Khalil Doleh, and family, are now embarking on the development of the real estate portfolio. Developments include Hotels, Apartment Buildings and Villa Complexes with a current focus on Dubai, United Arab Emirates. The group has interest in companies varying from Building Systems, Mall Management and Retail Consultancy, through to Advertising and Movie Distribution.

“In the current economic environment and the international movement towards energy conservation and efficiency, we are delighted to partner with Quimera Energy in the region. Quimera is an established and reputable energy conservation and management company with an impressive track record, having serviced a number of high profile and important properties worldwide.”

Rany Zakaria Doleh, Vice Chairman of the Doleh family office.

About Quimera Energy: Quimera Energy(QE) adopts a retro-commissioning approach to energy efficiency, focusing on generating energy savings and minimising commissions and carbon footprint by implementing IoT related solutions. QE’s unprecedented and proven methodology in reducing energy consumption has been recognised by the biggest players of the global hospitality industry and is rapidly gaining popularity in the Gulf region. QE is currently developing projects in various locations around Europe such as London, Rome, Milan and Berlin, and is now expanding its operations in Istanbul. Its innovative business model is based on “No Savings – No fees” approach, which make QE’s service absolutely risk-free for its clients.

“Launching our QE activities in the Gulf region, as part of QE´s global expansion plan, represents a great opportunity, especially when you have the pleasure of counting on the support of such a forward-looking partner as the Doleh family. We are sure that the combination of QE’s leading-edge approach to energy optimization and the outstanding strategic capabilities of the Doleh family is determined to succeed as we establish this new venture. We are also thrilled that this partnership will allow us to extend QE´s innovative business model and apply it in different segments of the real estate market. But all in all, our most relevant source of satisfaction is having been able to bring on board such an important Emirati partner as the Doleh FO.”

Javier de Rocafort, Chairman of Quimera Energy.