Kuwait Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized and Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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Kuwait Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized and Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028

Kuwait Facility Management market is anticipated to grow at robust CAGR during the forecast period.

Kuwait Vison 2035 Propelling the Growth

  • Kuwait aims to be an international hub forfinances and trade. The private sector shall have a major role in itstransformation and efficiency. To maintain the beauty and growth of Kuwait,facility management shall have a major role in Kuwait’s growth.
  • Kuwait is looking to spendmore than USD10 billion for the construction of the residential sector alongwith the construction of Silk City worth more than USD80 billion. With anincrease in urbanization, the facility management market shall reach newheights. 
  • Kuwait Vision 2035 isfocused on the overall development of the country, helping the country, whichin turn gives the related markets such as real estate, facility management, andautomobiles an edge to grow in the country.  

Latest Trends in Kuwait Facility Management Market

Lack of Maintenance

Recent Developments

  • In 2024-2032, ENGIE Service General Contracting for Buildings Company WLLl and Taiba Hospital partnered to introduce a new integrated facility management model. This includes integrated engineering, cleaning and security services, loss prevention, porter/attendant and valet services, waste management, pest control, landscaping, and laundry.
  • Al Mulla Group signed a partnership agreement with local non-profit INJAZ Kuwait to support its mission to prepare young Kuwaitis for success in the global economy. Building on three pillars of word readiness, financial literacy and entrepreneurship, these programs are designed to equip students with the knowledge, skills, and attitudes necessary to succeed in the private sector.

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Market Segmentation

Market players

Attribute

Details

Base Year

2022

Historic Data

2018– 2024-2032

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, , and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

       Service

       Type

       Industry

       End User

       Sectors

Regional scope

Kuwait City, Al Jahra, Al-Ahmadi, Hawalli, Others

Key companies profiled

PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L

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