Press Release Description

Rising Degree of FDI to Drive the Kenya Facility Management Market Growth Through 2025

The Kenya Facility Management market is projected to grow at a steady rate in the forecast period. Under the Kenya Vision 2030, the development of public-private partnerships has positively impacted the number of foreign direct investments in the country. Moreover, the country’s initiatives to simplify procedures for business creation, register property, and make tax payment easier are the major factors boosting the FDI inflow. The increasing number of greenfield investments in the country is projected to boost the demand for facility management services in the country.

According to MarkNtel Advisors research report titledKenya Facility Management Market Analysis, 2020”, the facility management market is anticipated to grow at a CAGR of around 7% during 2020-25. The construction activities for retail and mixed-use complexes in Kenya are increasing, which is leading to opportunities for the further development of the facility management industry. In addition, the continued growth in the tourism sector has been one of the major factors for the growth of facility management industry in Kenya. By 2021, it is expected that around 16 foreign hotel brands would expand their operations in Kenya. These brands include Marriott, Ramada, Hilton Garden Inn, Four Points by Sheraton, etc. Therefore, the tourism sector is projected to boost the facility management industry in the years to come.

As per MarkNtel Advisors’ study, the in-house facility management services acquired the highest market share in the Kenya facility management market in 2019. However, the demand for outsourced services is gradually growing in the country due to the surging extent of foreign investments in the real estate, hospitality, and educational institutes. Moreover, the growing focus of the businesses toward developing their core activities is one of the major factors impacting the growth of outsourced facility management market.