GCC Facility Management Market Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026: Increase in Market Concentration Due to the Entry of Global Firms with Diversified Service Portfolios – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “GCC Facility Management Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The GCC Facility Management Market region is expected to reach a CAGR of 13.5% over the forecast period (2021-2026) owing to the developments in countries, such as the United Arab Emirates and Qatar.

The boom in construction activities, led by the government, and the rising emphasis on green building practices are increasing the demand for facilities management in Qatar.

In addition to the transport projects, the government aims at the rapid expansion of tourism, education, and real estate, in order to maintain its competencies under the Qatar National Vision 2030 (QNV 2030). Furthermore, as the deadline for the 2022 FIFA World Cup is nearing, the region is witnessing a rise in the construction activities and upgrading its infrastructure.

According to the country’s Ministry of Finance, QAR 33.0 billion has been allocated for infrastructure projects, which is approximately 16.0% of the total expenditure planned in 2019. The infrastructure sector, with this budget allocation, covers the road, water, electricity, and sewerage networks, along with other public facilities.

Furthermore, in an effort to enhance the capabilities of airports and offer the best aviation and cargo services, the government allocated 7.9% of the total expenditure in 2019, which covers the Rail Project, Doha Metro, and Hamad International Airport (expansion).

The COVID-19 pandemic has caused lockdown in various regions including GCC across the world. The pandemic has put public sector in crisis, enforcing governments to take quick decisions and implement drastic measures to protect community from risk. Due to this concentration shift, the region might face delays in political as well as business activities. Infrastructural projects are at halt, unavailability of labor, changes to the terms of an M&A transaction currently in progress, and deals could be delayed as a result.

Additionally other end users such as manufacturing, commercial and retail sectors are also running at their minimal efficiencies. All the above factors will have a negative impact on the facility management market in GCC in short-medium term. In order to survive through this time, the facility management vendors are running at a higher operating cost despite the losses, due to the increased emphasis on hygiene.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Emergence of Qatar as one of the key investment destinations in the GCC

4.2.2 Growing emphasis on the outsourcing of non-core operations

4.2.3 Increase in market concentration due to the entry of global firms with diversified service portfolios

4.3 Market Challenges

4.3.1 Growing dependence on existing clients

4.3.2 Growing presence of global firms collaborating with regional entities pose a challenge for local firms

4.3.3 Stringent local labour laws

4.4 Industry Attractiveness – Porter’s Five Forces Analysis

4.5 Base Indicator Analysis

4.5.1 Construction Activities in Qatar

4.5.2 Expansion of Key international FM services

4.5.3 Major contracts awarded in key cities

4.6 Assessment of Impact of Covid-19 on Facility Management Industry

5 MARKET SEGMENTATION

5.1 FM Type

5.1.1 Hard

5.1.2 Soft

5.2 Type

5.2.1 In-House

5.2.2 Outsourced

5.2.2.1 Single FM

5.2.2.2 Bundled FM

5.2.2.3 Integrated FM

5.3 End User

5.3.1 Commercial and Retail

5.3.2 Manufacturing and Industrial

5.3.3 Government, Infrastructure, and Public Entities

5.3.4 Institutional

5.3.5 Other End Users

5.4 Country

5.4.1 Qatar

5.4.2 United Arab Emirates

5.4.3 Kuwait

6 COMPETITIVE INTELLIGENCE

6.1 Company Profiles

6.1.1 Emcor Facilities Services WLL

6.1.2 Al Faisal Holdings (MMG Qatar)

6.1.3 Sodexo Qatar Services

6.1.4 Al-Asmakh Facilities Management

6.1.5 G4S Qatar SPC

6.1.6 Facilities Management & Maintenance Company LLC

6.1.7 Cofely Besix Facility Management

6.1.8 Como Facility Management Services

6.2 List of Qatar-based Companies

6.2.1 Amenity Facility Management & Services WLL

6.2.2 Cayan Facilities Management

6.2.3 Kien Facilities Management

6.2.4 Elegancia Hospitality & Facility Management Services

6.2.5 Servico Facility Management & Services WLL

6.2.6 Electromechanical Maintenance Services (EMS) WLL

6.2.7 Gulfserv WLL (Assiyana)

6.2.8 Marshall Facility Management

6.2.9 Conservo Facility Management Co. WLL

6.3 List of UAE-based Companies

6.3.1 Imdaad LLC

6.3.2 Enova Facilities Management Services LLC

6.3.3 Emrill Services LLC

6.3.4 Deeyar Facilities Management LLC

6.3.5 Serveu Facilities Management

6.3.6 Marafeq Facilities Management

6.3.7 Etisalat Facilities Management LLC

6.3.8 Farnk Group

6.3.9 Cofely Besix Group

6.4 List of Kuwait-based Companies

6.4.1 PIMCO Kuwait

6.4.2 Kharafi National FM

6.4.3 EcovertFM

6.4.4 Mazaya Holding Company

6.4.5 United Facilities Management

6.4.6 Falghanim Group

6.4.7 Al Mulla Group

7 VENDOR POSITIONING ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

For more information about this report visit https://www.researchandmarkets.com/r/a4rho3

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