Facility Management has become one of the persuasive sectors yearnings for concentrated recognition for a long duration of time. The improvement began about a few decades ago when end-users measured the choice of outsourcing the operation, conservation, and other non-core activities connected to the facility to a professional corporation that formed a fresh industry called FM. Today, the FM has grown as a customer delight by utilizing the advanced technology and modular building models to accommodate several needs, providing the way to managing facilities. FM Services are categorized into two major types: Hard Services: Electrical, Mechanical, Plumbing, HVAC, Fire protection, and other systems/solutions connected to the construction maintenance. Cleaning, Security/Staffed Guards, Landscaping, Waste Collections, Pest Control, Rope Entry, Catering, and several other related services are involved.
According to the report analysis, ‘Qatar Facility Management Market: Market Segments: By Service (Property[HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services);By End User (Commercial, Residential Industrial)By Mode (In-House Outsourced[Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that the effective growth in the country’s market is propelled by the increasing usage of facility management services in the commercial buildings, residential construction projects, infrastructure projects, and industrial projects. As several projects are underway, the requirement is expected to enlarge in Qatar, following governments’ strategic measures to quicken demand improvement during the coming years.
In addition, the contribution in the infrastructure sector has been progressing owing to the upcoming mega-events around the country, such as the FIFA World Cup 2022, the Gulf Expo, and several others; the Qatar facility management market has an auspicious future. For example, in order to host the 2022 FIFA World Cup, more than $200 billion is being contributed in infrastructure improvement in the country, comprising the new rail lines, new international airports and ports, highways, hotels, and several others. Also, the speedy enlargement of tourism, education, and real estate sectors would underwrite toward the economic growth of the country and result in a requirement for facility maintenance services.
Not only has this but Qatar’s National Vision 2030 was also introduced during 2008 which is one of the foremost forces projected to drive the development of Qatar’s facility management segment. It is aimed at four major pillars, comprising human growth, social development, economic improvement, and the advancement of the environment. The aim of the national vision is to improve the country by decreasing its economic dependence on the oil and gas industry and by consolidating other segments, such as infrastructure and tourism. The vision lays the groundwork for the speedy growth of infrastructure and investments to obtain its objectives. The vision will involve the large areas of choices for the creation and growth of the region’s facility management sector. Therefore, in the near years, it is anticipated that the Qatar facility management market will increase around the globe more effectively over the forthcoming years.
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Qatar Facility Management Market Growth Rate
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