GCC Facility Management Market Overview:
According to MarkNtel Advisors study the GCC Facility Management Market size is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., 2024-30. The market is driven by government initiatives and regulations, growing commercial & residential infrastructure projects, and the escalating tourism industry. Government initiatives such as the UAE Infrastructure and Vision 2021, Oman Vision 40, etc., aimed at improving the quality of infrastructure, enhancing public services, and promoting sustainability, driving the demand for facility management services. Regulations mandating compliance with safety, health, and environmental standards also contribute to the growth of the Facility Management Market.
Key Findings of the Study: GCC Facility Management market
GCC Facility Management Market Opportunity:
Increasing Sustainable Buildings Fuelling the Facility Management Market – Governments in the GCC, particularly in countries like the UAE, Qatar, and Saudi Arabia, have implemented regulations and initiatives to promote sustainable building practices. These include green building codes, energy efficiency standards, and sustainability certifications, which incentivize developers and builders to adopt environmentally friendly construction practices.
The growing sustainable buildings create a favorable environment for the facility management market in the region to ensure the timely overall maintenance & repair of green buildings. Hence, as the GCC countries invest more in sustainable infrastructures the demand for facility management services to increase in the upcoming years, creating profitable opportunities for market.
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Scope of the GCC Facility Management Market Report Segmentation
-By Type
- Hard-Market Size & Forecast 2019-2030, USD Million
- Soft- Market Size & Forecast 2019-2030, USD Million
- Risk- Market Size & Forecast 2019-2030, USD Million
- Administrative- Market Size & Forecast 2019-2030, USD Million
-By Operating Model
- In-house- Market Size & Forecast 2019-2030, USD Million
- Outsourced- Market Size & Forecast 2019-2030, USD Million
-By Service Delivery- Market Size & Forecast 2019-2030, USD Million
- Integrated- Market Size & Forecast 2019-2030, USD Million
- Bundled- Market Size & Forecast 2019-2030, USD Million
- Single Service- Market Size & Forecast 2019-2030, USD Million
-By Enterprise Size
- Large- Market Size & Forecast 2019-2030, USD Million
- Mid-Size- Market Size & Forecast 2019-2030, USD Million
- Small- Market Size & Forecast 2019-2030, USD Million
-By End User
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Residential- Market Size & Forecast 2019-2030, USD Million
- Government- Market Size & Forecast 2019-2030, USD Million
- Retail- Market Size & Forecast 2019-2030, USD Million
- Education- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Hospitality – Market Size & Forecast 2019-2030, USD Million
- Others (Transportation, Utilities & Energy, etc.) – Market Size & Forecast 2019-2030, USD Million
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Geographical analysis:
-By Country
- Saudi Arabia
- The UAE
- Qatar
- Oman
- Kuwait
- Bahrain
The UAE is holding a significant share of the GCC Facility Management Market due to a rapid acceleration in commercial development projects intertwined with a significant boost in government investments. The government is setting up more exposure to establish smart cities along with manifesting the tourism sector to enlarge the demand for facility management services. As these industries are getting greatly emphasized, the need for specified services like logistics, cleaning & hygiene, HVAC services, etc., is multiplied & contributing to the proliferation of the market.
Moreover, adequate management of warehouses, including services, such as cleaning & hygiene maintenance, equipment maintenance, space management, human resource management, and others, is embraced as a result of the rapidly thriving e-commerce industry.
GCC Facility Management Industry Recent Development:
- 2023: Emrill, developed & launched an advanced, digital FM solution, TECHSPHERE, to expand technical capabilities, optimise operations & enhance the flow of information accessible by Emrill employees & clients.
- 2023: Imdaad partnered with Talisen Technologies to develop data-enabled smart building solutions that optimise energy use.
Current Landscape of GCC Facility Management Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Facility Management market. The research report profiles major players, including
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- EMRILL Services LLC
- Imdaad L.L.C.
- Farnek Services LLC
- EFS Facilities Management Services
- COFELY BESIX Integrated Facility Management (IFM)
- Khidmah LLC
- Al Shirawi Facilities Management LLC
- Interserve
- Etisalat Facilities Management L.L.C.
- Enova Integrated Facility Management (IFM) Services LLC
- MAB Facilities Management L.L.C
- Musanadah Facilities Management Company (MFM)
- Others
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