Middle East Facility Management Market: Unlocking Growth Secrets, Trends and Developments [2027]Posted by Kumar on May 27th, 2024 According to the TechSci Research report, "Middle East Facility Management Market – by Country, Competition Forecast and Opportunities, 2017-2027," the Middle East facility management market was valued at USD 64.27 billion in 2021 and is projected to register a CAGR of 8.13% during the forecast period. The market growth is driven by increasing construction activities and rising demand from the commercial and residential sectors. The adoption of advanced technologies such as machine learning, IoT, computer-aided facility management, and artificial intelligence is enhancing the efficiency and viability of facility management contracts. Recent Trends in the Middle East Facility Management Market Integration of Advanced Technologies The Middle East facility management market is characterized by the integration of various advanced technologies. These technologies include:
Browse over 41 market data Figures spread through 201 Pages and an in-depth TOC on "Middle East Facility Management Market" - https://www.techsciresearch.com/report/middle-east-facility-management-market/14245.html Emphasis on Cleaning and Disinfection The COVID-19 pandemic has heightened the focus on cleaning and disinfection practices within facilities. This has led to an increased demand for facility management services that ensure hygienic and safe environments, particularly in commercial and residential buildings. Rise in Green Building Initiatives There is a growing emphasis on sustainable and green building practices in the Middle East. This trend is driving the adoption of facility management services that focus on energy efficiency and environmental sustainability. Examples include the development of certified green buildings and the implementation of energy-saving technologies. Key Market Drivers Increasing Construction Activities The Middle East is witnessing a surge in construction activities, particularly in countries like Saudi Arabia, the United Arab Emirates (UAE), and Qatar. Major infrastructure projects such as ports, railways, roads, and airports are underway, creating significant opportunities for facility management services. Foreign Direct Investments Foreign direct investments (FDIs) in sectors such as tourism, banking, financial services, and insurance (BFSI), and entertainment are on the rise. These investments are supporting the growth of the facility management market by increasing the demand for high-quality maintenance and management services in commercial and residential properties. Government Initiatives and Mega Projects Governments across the Middle East are launching various initiatives to promote economic development and infrastructure improvement. Key projects include:
Competitive Analysis The Middle East facility management market is highly competitive, with numerous players vying for market share. Major companies in the market include:
These companies are leveraging technological advancements and improving service delivery to gain a competitive edge. They are also focusing on expanding their service portfolios and entering new markets through strategic partnerships and acquisitions. Regional Market Analysis Saudi Arabia Saudi Arabia holds the dominant market share of 39.25% in the Middle East facility management market. The country’s significant investments in infrastructure and mega projects, such as the Riyadh Metro and King Salman Park, drive the demand for facility management services. The Royal Commission of Riyadh City’s plan to host 7,000 new businesses further boosts the market. United Arab Emirates The UAE is a key growth area for the facility management market, driven by its strong commercial real estate sector. The competition between Dubai and Saudi Arabia to attract global companies has led to favorable business conditions, including relaxed taxation and supportive regulatory frameworks. Qatar Qatar’s facility management market is bolstered by its preparations for the 2022 FIFA World Cup and its long-term economic development plan, Qatar National Vision 2030. Significant investments in infrastructure and non-oil sectors create ample opportunities for facility management services. Bahrain Bahrain’s low entry barriers, supportive business environment, and strategic infrastructure projects under its 2021 Economic Recovery Plan contribute to the growth of its facility management market. The construction of five man-made islands and other public-private partnership projects are expected to drive demand for facility management services. Market Segmentation The Middle East facility management market is segmented based on industry, service, application, type, country, and company. By Service
By Type
Drivers for Future Growth Urbanization and Infrastructure Development Rapid urbanization and ongoing infrastructure development projects in the Middle East are major drivers for the facility management market. The construction of residential and commercial buildings, transportation networks, and public facilities requires efficient facility management services. Adoption of Sustainable Practices The increasing focus on sustainability and energy efficiency is driving the adoption of green building practices. Facility management services that incorporate sustainable solutions and technologies are expected to see growing demand. Technological Advancements The adoption of advanced technologies such as AI, IoT, and CAFM is transforming the facility management industry. These technologies enable predictive maintenance, efficient resource management, and improved service delivery, driving market growth. Benefits of the Research Report The TechSci Research report on the Middle East facility management market offers several benefits for stakeholders, including:
The Middle East facility management market is poised for significant growth, driven by increasing construction activities, technological advancements, and supportive government initiatives. The integration of advanced technologies such as AI, IoT, and CAFM is transforming the industry, enhancing efficiency and service delivery. Key regions like Saudi Arabia, the UAE, and Qatar are expected to lead the market, supported by major infrastructure projects and favorable business conditions. The competitive landscape is marked by the presence of several major players who are leveraging technological innovations and strategic partnerships to gain a competitive edge. The market segmentation reveals strong demand for property management and soft services, driven by the growing commercial and industrial sectors. Overall, the Middle East facility management market offers substantial growth opportunities for stakeholders, underpinned by ongoing urbanization, infrastructure development, and the adoption of sustainable practices. The detailed analysis and insights provided in the TechSci Research report will help stakeholders to navigate the market effectively and capitalize on emerging opportunities.
Customers can also request for 10% free customization on this report. “In terms of country, Saudi Arabia is the dominating country in the Middle East Facility Management Market accounting for a share of 39.25% in 2021 and is expected to register a CAGR of 8.90% during a forecast period. As part of Saudi Vision 2030, the government launched massive tourism projects all throughout the country as well as new e-visas for 49 nations to encourage foreign travel. Moreover, Riyadh is the administrative and political capital of Saudi Arabia. The Consultative Assembly, the Council of Ministers of Saudi Arabia, the King, and the Supreme Judicial Council of Saudi Arabia are located in the city, due to which Riyadh is also considered as the commercial capital of Saudi Arabia.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. “Middle East Facility Management Market Segmented By Industry (Organized and Unorganized), By Service (Property, Cleaning, Security, Catering, Support, and Others), By Application (Residential, Commercial, Industrial, and Public Sector), By Type (Hard Service and Soft Service), By Country, Competition Forecast and Opportunities, 2017-2027”, has evaluated the future growth potential of Middle East Facility Management market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Middle East Facility Management market.
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