Market Definition
Facility Management (FM) refers to the efficient and effective management of human resources, operations, communications, security, catering, etc., to ensure the smooth running of an infrastructure. These services are essential to an organization's productivity, cost savings, & employee well-being. As the hybrid working culture continues to expand with the rising demand for more flexibility at work, most organizations are considering outsourcing facility management services.
Market Insights
The UAE Outsourced Facility Management Market is expected to grow at a CAGR of around 11% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the booming tourism and building & construction industries of the country, which owes to the mounting influx of tourists and active government efforts toward diversifying the economy away from the oil & gas sector, respectively.
The UAE is amongst the most popular tourist destinations in the world, owing to its modern skyscrapers, rich culture, desert experience, shopping festivals, lavish lifestyle, and theme parks. With the growing number of tourists in the country, more & more hotels, resorts, shopping malls, and corporate spaces are being developed, which require regular maintenance in order to stay in their best conditions and keep luring visitors.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 11% |
| Region Covered | Abu Dhabi & Al Ain, Dubai, Sharjah & Northern Emirates |
| Key Companies Profiled | EMRILL Services LLC, Imdaad LLC, Farnek Services LLC, EFS Facilities Management Services, Etisalat, Khidmah LLC, Al Shirawi Facilities Management LLC, Interserve, Transguard, SERCO |
| Unit Denominations | USD Million/Billion |
As a result, several organizations across the country are seeking outsourced FM services to achieve reduced operational costs and freedom to focus on their core business areas, thereby driving the market. Moreover, the rising number of smart city & green building projects, coupled with the flourishing e-commerce sector, i.e., leading to the increasing establishment of warehouses, are other prominent aspects augmenting the demand for outsourced facility management services in the UAE.
In order to cater to the varied end-user requirements, FM service providers are actively working on expanding their reach while also integrating advanced technologies like artificial intelligence, robotics, & infrared/thermal scanning, among others, into their service offerings and, as a result, creating new directions for the UAE Outsourced Facility Management Market to witness lucrative prospects in the coming years.
