The Asia Facility Management Market has observed a speedy growth during the recent past years. The facility management is a professional management discipline actively aimed upon the proficient and effective delivery of assistance services for the enterprises that it serves. However, the internal organization for the standardization denotes the facility management as the “organizational operation which assimilates individuals, places, and procedures within the build surroundings with the purpose of advancing the quality of life of people and the productivity of the core business”.
Additionally, in Qatar, the increasing GDP made the region to be positioned among the top ten highest growing regions of the globe during the recent past years. This positively invited international companies to invest in the several segments of the nation, thereby leading to the growth of the entire facility management industry during the same duration. Not only has this, the establishments of The Sheraton Park, Western Green Spine Doha and Sidra Medical Research Centre among 2014 and 2016 increased the desire for the facilities services merchants in the region, which positively assisted the manpower and several other technical foundations to the developers.
Nevertheless, across Saudi Arabia, the effective increase in the infrastructure industry and boosting the hospitality segment in Saudi Arabia has increased the requirement for the facilities management services in the region. The growth in the project activity centered on the tourism, construction of the resorts, hotels and budget hotel chains in the Kingdom have obtained the requirement for the soft and hard services in the region. Not only has this, but the effective growth in the
real estate market in the Saudi Arabia region has also augmented the number of residential and commercial units. This has concluded in the growing requirement for the facilities management services essentially housekeeping services.
Moreover, the unceasing growth in the construction segment owing to the augmented the number of the tenders delivered by the government for the infrastructural advancements in Bahrain was the foremost cause responsible behind the increment in the requirement for the facility management services. Furthermore, basic services delivered under the hard services involve the fire protection and security systems demanded by all the segments in the Bahrain, maintenance and technical functions, electromechanical services and HVAC services. Since the consumers have to incur the great spends for undertaking the hard services, this sector registered the market with the effective revenue percentage of the facility management services during the recent past years.
The potential companies positively offering in the facility management services in Bahrain majorly function as a single service merchants, due to the restricted requirement for the facility management services as a comparison to the several other regions in the GCC and thus, this the sector registered the market with a revenue share of effective percentage during the recent past.
Although, in Saudi Arabia, the facilities management market will increase at a healthy rate in the upcoming years the facilities management market in Saudi Arabia is greatly fragmented and blossoming. This will deliver immense choices to the worldwide and domestic companies to tap the market with the effective advancement in technology in the facility management industry. Therefore, in the coming years, it is predicted that the market of facility management will increase around the glove over the upcoming years more significantly.
Ankur Gupta, Head Marketing & Communications