Press Release Description

GCC Facility Management Market to Flourish Due to Rising Commercial Infrastructure & Tourism Industry

The GCC Facility Management Market is projected to grow at a CAGR of 8.2% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. Government initiatives and regulations, along with the expansion of commercial and residential infrastructure projects and the flourishing tourism industry, are key drivers of the market. Initiatives like the UAE Infrastructure and Vision 2021 and Oman Vision 40, focused on enhancing infrastructure quality, public services, and sustainability, are fueling the demand for facility management services. Furthermore, regulations mandating adherence to safety, health, and environmental standards also play a significant role in driving market growth.

Furthermore, increased spending by both companies and governments on infrastructure development, including premium hotels and high-rise apartments in countries such as the UAE, Saudi Arabia, and Qatar, is driving demand for facility management services. The growing number of leisure and business travelers, along with the expatriate population, is fueling construction activities for commercial and residential buildings.

Moreover, initiatives like the Abu Dhabi 2030 Vision and Saudi Vision 2030 aim to enhance the tourism industry and promote the construction of hotels, malls, public infrastructure, tourist attractions, and other commercial facilities. As a result, the construction of these infrastructures is expected to create significant demand for facility management services in the years to come.

Furthermore, the surge in popularity of smart homes in the region has generated a heightened demand for overseeing various building systems, including air conditioning systems, lighting controls, and other integrated technologies. As smart home technology becomes more prevalent, there is a greater need for facility management services to ensure these systems are properly maintained, optimized, and integrated into the overall building infrastructure. This rising demand for specialized services to manage and maintain smart building systems is expected to drive the growth of the Facility Management market in the foreseeable future, further states the research report, “GCC Facility Management Market Analysis, 2024.”

GCC Facility Management Market

GCC Facility Management Market Segmentation Analysis

Hard Facility Management to Dominate the GCC Facility Management Market

Based on the type segment, the market is further bifurcated into Hard, Soft, Risk, and Administration. Among them, Hard services are poised to maintain a substantial market share. The growing emphasis on sustainability and energy efficiency encourages building owners & operators to adopt green building practices and renewable energy solutions. Hard FM services are instrumental in executing sustainable building strategies, which encompass activities such as energy audits, retrofitting for improved energy efficiency, and the installation of renewable energy systems.

Additionally, countries like Oman, Saudi Arabia, Qatar, and others are actively investing in clean energy technologies such as wind and solar power.

The UAE is Dominating the GCC Facility Management Market

The UAE commands a substantial share of the GCC Facility Management Market, driven by a rapid surge in commercial development projects & significant government investments. The government's focus on establishing smart cities and bolstering the tourism sector is fueling demand for facility management services. With increased emphasis on these industries, there's a heightened need for specialized services like logistics, cleaning, hygiene, HVAC services, and more, thereby contributing to market expansion.

Furthermore, efficient management of warehouses, including cleaning, hygiene maintenance, equipment upkeep, space management, and human resource management, is imperative due to the burgeoning e-commerce industry. Moreover, the nation is experiencing a surge in tourist arrivals due to government visa regulations and the expansion of events and entertainment programs. This, in turn, is expected to contribute to the growth of the UAE Facility Management Market in the foreseeable future.

GCC Facility Management Market Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including EMRILL Service LLC, Imdaad LLC, Farnek Service LLC, EFS Facilities Management Services, COFELY BESIX Integrated Facility Management (IFM), Khidmah LLC, Al Shirawi Facilities Management LLC, Interserve, Etisalat Facilities Management LLC, Enova Integrated Facility Management (IFM) Service LLC., MAB Facilities Management LLC., Musanadah Facilities Management Company (MFM), and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the GCC Facility Management Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & service adoption?
  5. How has the competition been shaping across various countries?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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