Kuwait Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized and Unorganized), By End User, By Sectors, By Region, Competition Forecast & Opportunities, 2018-2028

Kuwait Facility Management Market is Anticipated to Grow at a Robust CAGR During the Forecast Period.

Kuwait Facility Management market is anticipated to grow at a robust CAGR during the forecast period.

Kuwait is a wealthy oil-based economy that, like its neighbors, is trying to diversify, giving rise to its Vision 2035. Just like other countries, Kuwait has multiple projects in several sectors but not limited to residential and commercial, including either construction of new facilities or the expansion of existing ones. Facility Management has many services that an individual/ group can use in daily life but is not limited to fire safety; cleaning; maintenance; security; logistics; environment; Heating, Ventilation, and Air Conditioning (HVAC) services. FM services are used in several sectors, such as residential, commercial, and industrial. FM services are also used in the private or public sector as they are also good for the lifetime value of the facility.

Kuwait Vison 2035 Propelling the Growth

Kuwait aims to be an international hub for finances and trade. The private sector shall have a major role in its transformation and efficiency. To maintain the beauty and growth of Kuwait, facility management shall have a major role in Kuwait’s growth.

Kuwait is looking to spend more than USD10 billion for the construction of the residential sector along with the construction of Silk City worth more than USD80 billion. With an increase in urbanization, the facility management market shall reach new heights.

Kuwait Vision 2035 is focused on the overall development of the country, helping the country, which in turn gives the related markets such as real estate, facility management, and automobiles an edge to grow in the country.

Latest Trends in Kuwait Facility Management Market

Most construction projects in Kuwait are driven by public spending. In 2019, Kuwait Integrated Petroleum Industries Company (KIPIC) awarded Veolia’s Middle East subsidiary a contract to operate and maintain a refinery wastewater treatment plant in Al Zour, southern Kuwait. The contract also resulted in seven years of maintenance for Veolia, which is worth USD63 million, expecting the Facility Management market to grow.

Lack of Maintenance

Maintenance of equipment and facilities is a challenge the owner and company employees are not keen on. Using malfunctioned or outdated equipment hampers the facility, also resulting in the reduction of the lifespan of both the facility and equipment. Replacing and maintaining the equipment before any wear and tear are as important as keeping the facility.

Recent Developments

• In 2020, ENGIE Service General Contracting for Buildings Company WLLl and Taiba Hospital partnered to introduce a new integrated facility management model. This includes integrated engineering, cleaning, and security services, loss prevention, porter/attendant and valet services, waste management, pest control, landscaping, and laundry.
• Al Mulla Group signed a partnership agreement with local non-profit INJAZ Kuwait to support its mission to prepare young Kuwaitis for success in the global economy. Building on three pillars of work readiness, financial literacy, and entrepreneurship, these programs are designed to equip students with the knowledge, skills, and attitudes necessary to succeed in the private sector.

Market Segmentation

Kuwait Facility Management market is segmented By Service, By End User, By Type, By Industry, and By Sector. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End Users, the market is segmented into Commercial, Residential, and Industrial. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, and Others.

Market players

Major market players in the Kuwait Facility Management market are PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L.

Report Scope:

In this report, Kuwait Facility Management Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Kuwait Facility Management Market, By Service:

• Property
• Cleaning
• Security
• Support
• Catering
• Others

Kuwait Facility Management Market, By Type:

• Hard Services
• Soft Services

Kuwait Facility Management Market, By Industry:

• Organized
• Unorganized

Kuwait Facility Management Market, By End User:

• Commercial
• Residential
• Industrial
• Public Sector

Kuwait Facility Management Market, By Sectors:

• Education
• Healthcare
• Real Estate
• Banking
• Hospitality
• Housing
• Others

Kuwait Facility Management Market, By Region:

• Kuwait City
• Al Jahra
• Al-Ahmadi
• Hawalli
• Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Kuwait Facility Management market.

Available Customizations:

Kuwait Facility Management market report with the given market data, the publisher offers customizations according to a company's specific needs.


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