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, 2024-2032-2027
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMiddle 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, 2024-2032-2027
Middle East Facility Management Market was valued at USD 64.27 billion in 2022 and is anticipated to project robust growth during the forecast period, registering a CAGR of 8.13% through 2027.
A facility is any tangible asset used by an organisation to support its activities, according to a common definition of the word. The term "facility management" refers to the upkeep of a company's physical assets, such as its buildings and machinery, through services such as cleaning, security, mechanical, electrical, and plumbing (MEP) maintenance, etc., which boosts the efficiency of the company's core operations. The International Facility Management Association (IFMA) describes facility management (FM) as a profession that integrates place, people, process, and technology to ensure that the built environment is functioning. In a nutshell, facility management is a discipline that supports a company's fundamental operations.
Growing Middle Eastern Infrastructure Development
The development of Qatar's infrastructure is a priority for the government, as it aids in the country's economic growth. In its budget for 2024-2032, the Ministry of Municipality and Environment of Qatar allotted USD 7 billion for the continuation of key infrastructure projects, water and electricity networks, as well as the upkeep, development, and expansion of highways. In addition, the Qatari government intended to invest USD 58 billion in infrastructure projects by 2024-2032. Additionally, Qatar's infrastructure growth is a result of industrialization. For instance, the Manateq Economic Zones Company declared in 2024-2032 that it will invest USD 2.7 billion to build out the essential infrastructure for industrial zones. As a result, the Qatar Facility Management Market is expected to grow during the forecast period along with the increased investments in
Government Investments
The construction industry in Qatar has experienced rapid expansion, demonstrating its willingness to become green and prioritise more environment-friendly building strategies. The nation's desire to protect the environment by lowering CO2 emissions and energy use is the driving force behind this choice. As a result, one of the key ideas outlined in Qatar's National Vision 2030 is sustainable development. As a result, the local regulatory authority, the Qatar Green Building Council (QGBC), has been aggressively encouraging sustainable methods. The governing body is promoting sustainability in the public and business sectors by putting on the Qatar Sustainability Week (QSW). The most thorough green building assessment system in the world is the Global Sustainability Assessment System (GSAS) system, which was created by Qatar.
World Expo 2024-2032 Dubai
The six-month World Expo 2024-2032 took place in Dubai from October 2024-2032 to March 2022. This important event necessitated lodging from the hospitality industry, which increases the demand for facilities management services in hotels and bed & breakfasts. Additionally, by ensuring the safe and efficient operation of any physical asset, facilities management professionals play a crucial role in maintaining and expanding its value. Representatives from the diverse variety of people and professions that make up the FM sector were present at FM Expo. For instance, the UAE-based Farnek Services LLC had contracts for facilities management (FM) worth a total of USD 4.55 million with eight national pavilions, including Saudi Arabia and China. Farnek Services provides a variety of services, including facility integration, cleaning, pest control, and operational support.
Integrated workplace management system usage is on the rise (IWMS)
By managing the real estate portfolio, maximising capital projects, enhancing facility use, and lowering energy and other operating expenses of facilities, the IWMS seeks to increase the operational, environmental, and financial performance of facilities. Further driving demand for IWMS in the
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Market Segmentation
The Middle East Facility Management Market is segmented based on industry, service, application, type, country, and company. Based on service, the market is further fragmented into property, cleaning, security, catering, support and others. Based on application, the market is split into residential, commercial, industrial, and public sector. Based on type, the market is further segmented into hard service and soft service. The market analysis also studies countries segmentation.
Company Profiles
Saudi EMCOR Company Ltd. (EFS Facility Management)
| Details | |
| Market size value in 2024-2032 | USD 64.27 Billion |
| Revenue Forecast in 2027 | USD103.77 Billion |
| Growth Rate | 8.13% |
| Base Year | 2022 |
| Historical Years | 2018 – 2024-2032 |
| Estimated Year | 2024-2032 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in (USD Billion), and CAGR for 2024-2032-2024-2032 and 2022-2027 |
| Report Coverage | · Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Industry · Service · Application · Type |
| Country Scope | Saudi Arabia, UAE, Qatar, Kuwait, Bahrain |
| Key Companies Profiled | Saudi EMCOR Company Ltd (EFS Facility Management), Muheel Services for Maintenance & Operations LLC, Khidmah LLC, Enova Facilities Management Services LLC, Saudi Binladin Group Operation & Maintenance, Emrill Services LLC, Farnek Services LLC, Transguard Group LLC, Etisalat Facilities Management LLC, Imdaad LLC, Galfar Al Misnad, CBM Qatar LLC, Al Asmakh Facilities Management, G4S Qatar, Al Tamyoz Facility Management, Alghanim International, United Facilities Management, ONE Facilities Management, Al Mulla Group, MRC Facility Management, Metropolitan Property & Facility Management, Gems Industrial Services W.L.L, IRIS, Almoayyed Contracting Group, Elite Facility Management Company |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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