GCC Facility Management Market Brief Analysis by Regions, Top Key Players
Posted by Yash Chauhan on April 3rd, 2019
The GCC facility management market is driven by factors such as the mounting infrastructure developments and escalating tourism industry.
Escalating emphasis on non-oil sectors, the upsurge in a number of green buildings, growing hospitality sector in the country, mounting real estate market, the surge in project activity involved on tourism such as construction of resort, hotels and budget hotels chain, expanding investment by private and public entities for refining country’s infrastructure are further fuelling the growth of the market.
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Among all modes, the in-house segment accounted for the larger share in the GCC facility management market in GCC, due to elevated acceptance rate, long-standing existence, and comparatively low price. In addition, owing to the dearth of in-house expertise and a requirement to an emphasis on essential abilities, the need for outsourcing facility management services is mounting, which is creating abundant opportunities for the growth of the GCC facility management.
Saudi Arabia is the largest and observed to witness significant growth in the GCC facility management market as the region the tourism industry is increasing. In addition, expanding construction activities, and rapid urbanization are also driving the growth of the Saudi Arabia facility management market.
Key players in the GCC facility management industry are investing in the development of advanced, which is strengthening their position in the market. EMCOR Group Inc., Emrill Services LLC., United Facilities Management, Khidmah LLC, Cofely Besix Facility Management, Kharafi National, Interserve plc, Imdaad LLC, Musanadah Facilities Management Co. Ltd., and Farnek Services LLC are some of the key players offering facility management in GCC.
Source: VynZ Research
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About the AuthorYash Chauhan
Joined: February 25th, 2019
Articles Posted: 106
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