Market Definition
Facility management is a pool of extensive services offered by different management & maintenance support providers to an organization/facility. These services can be categorized broadly into two types— Hard & Soft. While hard services look after the physical assets of a facility, such as fire management, wiring, electrical demands, & plumbing, among others, soft services revolve around housekeeping, catering, cleaning, safety & security, among others. With the rising establishment of various industries and residential & commercial buildings across Qatar, the demand for these services is elevating at a significant pace.
Market Insights
The Qatar Facility Management Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2023-28. Most of the market expansion would be propelled by the ever-increasing government focus on infrastructural developments to diversify the economy away from oil & gas exports, which in turn, is demonstrating various ongoing & upcoming construction projects across the country. Consequently, the rising establishment of corporate facilities, commercial spaces, and other facilities is augmenting the demand for facility management services.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 8% |
| Region Covered | Al Rayyan, Al Khor, Ad Dawhah, Al Wakrah, Others |
| Key Companies Profiled | Emcor Facilities Services WLL, Al Faisal Holdings (MMG Qatar), Sodexo Qatar Services, Al-Asmakh Facilities Management, G4S QATAR SPC, Facilities Management & Maintenance Company LLC, Engie Cofely Mannai Facility Management, Como Facility Management Services, Amenity Facility Management & Services WLL, EFS Facilities Services, Mosanada Facilities Management Services, Elegancia Group, Al Tamyoz Business Group |
| Unit Denominations | USD Million/Billion |
Besides, since the tourism industry has a prominent role in the economic fluidity of the country, the development of facilities like airports, hotels, shopping complexes, and other such facilities is triggering the demand for facility management services throughout Qatar and stimulating the overall market growth. Similarly, the residential sector is also undergoing rapid developments and construction of smart cities, generating opportunities for the leading players to expand their service offerings and cater to consumer hospitality. For instance:
Moreover, Qatar is also a host of diverse events & has extensively promoted construction activities for the FIFA World Cup 2022. It, in turn, has brought remarkable advancements to the country's overall infrastructure and fueled the demand for facility management services. Additionally, the country is also adopting green building practices in order to reduce carbon emissions & bring better energy efficiency to facilities, thereby demonstrating a greater adoption of these services and augmenting the overall growth of the facility management industry.
