Construction remains the core reason for Middle East region’s prosperity. The region is undergoing a massive infrastructure overhaul to create fresh revenue streams, and attempting to reduce the dependence on crude oil earnings. Therefore, the construction sector remains the growth engine of economic development for the entire region.
The foreign investments in services industry such as BFSI, tourism, entertainment, etc. has been surging. The commercial space is currently expanding vigorously. Moreover, several government initiatives toward social welfare such as affordable housing, healthcare centers, etc. are emerging as key opportunity areas for the facility management service providers.
According to the research report titled “Middle East Facility Management Market Analysis, 2020”, the market size is projected to grow at a CAGR of around 7% during 2020-25.
The facility management market is expected to grow on an account of expansion of hotel chains and infrastructure development for global events such as Dubai Expo 2020 and Football World Cup 2022 in Qatar. Also, UAE has devised a strategic plan to host 25 million tourists per year by 2025, increasing from 18 million in 2018. Saudi Arabia is also bracing itself to welcome an increased number of religious tourists. Thus, religious tourism infrastructure development is on a steady rise. Therefore, these developments are opening new avenues for FM companies in the region.
In 2019, Hard FM services, driven by HVAC maintenance, had the highest market share in Middle East Facility Management market. However, this share is expected to decline during the forecast period on an account of declining per sq. ft. cost of maintenance. At the same time, the demand for soft services is rising at a faster pace. The year-on-year growth rate of soft services has been outpacing the hard services. Moreover, the cost of soft services is considerably higher in comparison to hard services.
Financial savings in terms of cost optimization, and achieving operational efficiency was the prime objective of customers outsourcing facility management operations in UAE, Saudi Arabia, Oman, Kuwait, and Bahrain. Price, brand name, and service quality are the key factors considered while selecting a vendor for facility management in the Middle East.
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Middle East facility management market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Middle East facility management market?
4. Who are the key competitors or market players and how they perform in Middle East facility management market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Middle East facility management market study?
The foreign investments in services industry such as BFSI, tourism, entertainment, etc. has been surging. The commercial space is currently expanding vigorously. Moreover, several government initiatives toward social welfare such as affordable housing, healthcare centers, etc. are emerging as key opportunity areas for the facility management service providers.
According to the research report titled “Middle East Facility Management Market Analysis, 2020”, the market size is projected to grow at a CAGR of around 7% during 2020-25.
The facility management market is expected to grow on an account of expansion of hotel chains and infrastructure development for global events such as Dubai Expo 2020 and Football World Cup 2022 in Qatar. Also, UAE has devised a strategic plan to host 25 million tourists per year by 2025, increasing from 18 million in 2018. Saudi Arabia is also bracing itself to welcome an increased number of religious tourists. Thus, religious tourism infrastructure development is on a steady rise. Therefore, these developments are opening new avenues for FM companies in the region.
Hard FM Services is Expected to Dominate the Middle East Facility Management Market
In 2019, Hard FM services, driven by HVAC maintenance, had the highest market share in Middle East Facility Management market. However, this share is expected to decline during the forecast period on an account of declining per sq. ft. cost of maintenance. At the same time, the demand for soft services is rising at a faster pace. The year-on-year growth rate of soft services has been outpacing the hard services. Moreover, the cost of soft services is considerably higher in comparison to hard services.
Financial Savings is the Primary Objective for Availing FM services
Financial savings in terms of cost optimization, and achieving operational efficiency was the prime objective of customers outsourcing facility management operations in UAE, Saudi Arabia, Oman, Kuwait, and Bahrain. Price, brand name, and service quality are the key factors considered while selecting a vendor for facility management in the Middle East.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Middle East facility management market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Middle East facility management market?
4. Who are the key competitors or market players and how they perform in Middle East facility management market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Middle East facility management market study?
Table of Contents
1. Introduction
4. Middle East Facility Management Market Voice of Customer
5. Middle East Facility Management Market Outlook, 2015-2025F
6. Saudi Arabia Facility Management Market Outlook, 2015-2025F
7. UAE Facility Management Market Outlook, 2015-2025F
8. Qatar Facility Management Market Outlook, 2015-2025F
9. Kuwait Facility Management Market Outlook, 2015-2025F
10. Bahrain Facility Management Market Outlook, 2015-2025F
11. Oman Facility Management Market Outlook, 2015-2025F
12. Lebanon Facility Management Market Outlook, 2015-2025F
14. Middle East Facility Management Market Dynamics
17. Competition Outlook
Companies Mentioned
- Emrill Services LLC
- Imdaad L.L.C
- Farnek Services LLC
- EFS Facilities Management Services
- COFELY BESIX Facility Management
- Khidmah LLC
- Al Shirawi Facilities Management LLC
- Interserve
- Etisalat Facilities Management L.L.C.
- Mosnada Facility Management Services
Methodology
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