Egypt Facility Management Market Revenue is Expected to Grow Due to Inflow of Foreign Direct Investment and Increasing Tourism in the Country: Ken Research

Key Findings
• The revenue from Integrated Facility Management is expected to more than double in the next five years.
• The Facility Management Market in Egypt is expected to witness emergence of both local and global facility management service providers, due to high demand for the services in the future.
• The revenue for Facility Management Industry from Outsourced Personnel is expected to increase by 89.75% in the next five years.

Improving Tourism: The government is working on enhancing its tourist destination sites to attract more tourists with an overall focus on improving the economic well-being of the country. The maintenance of these destination sites will lead to higher demand for facility management services in the country. The increase in the number of tourists will lead to the growth in the hospitality sector due to the construction of new hotels to cater to the demand. This will ultimately increase the demand for housekeeping and security services in Egypt.

Growing demand for Integrated Facility Management: The demand for IFM is forecasted to increase in future majorly due to upcoming airport construction projects and increasing MNCs in the country. This will augment the demand for Integrated Services while creating space for more players to enter the facility management market.

Increasing Constructional Activities: The Egyptian real estate market has been highly resilient to the political and economic instability experienced in the country but removal of fuel subsidies and flotation of the Egyptian Pound have led to increasing costs for short term contractors and affecting the overall market. The country is also experiencing rapid urbanization with an aim to reduce income disparity and to uplift the economy. It is expected that the Residential Supply will increase by 55,000 units and the Commercial Office Supply will increase by 76,000 sqm mainly due to the construction activities around New Cairo. The construction of both residential and commercial units will lead to an increase in demand for Facility Management services in Egypt.

Analysts at Ken Research in their latest publication “Egypt Facility Management Market Outlook to 2023- By Soft Services (Housekeeping, Security, Landscaping and Others); Hard Services (Electromechanical and Operational Maintenance, Fire Safety and Security Systems and Civil Maintenance) and By End User Sectors (Industrial, Commercial, Residential and Others)” believe that the facility management market in Egypt will increase owing to growth in real-estate sector, increase in Foreign Direct Investment in the country and upcoming smart city projects. The market is expected to register a positive CAGR of 9.6 % in terms of revenue during the forecasted period 2018-2023E.

For more information, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/real-estate/egypt-facility-management-market/197080-97.html

Key Segments Covered
By Type of Services
• Soft Services
• Hard Services
By Type of Soft Service
• Housekeeping (including Cleaning)
• Security
• Landscaping
• Others
By Type of Hard Service
• Electromechanical and Operational Maintenance (including HVAC)
• Fire Safety and Security Systems
• Civil Maintenance
By Integrated Facility Services, Bundled Services and Single Services
• Single Service
• Bundled Service
• Integrated Facility Management
By Personnel Type
• In-House Personnel
• Outsourced Personnel
By End User
• Industrial
• Commercial
• Residential
• Others

Key Target Audience
• Facility Management Companies
• Facility Management Solution Providers
• Consultancy and Advisory Firms
• Real Estate Developers
• Construction Companies
• Architects and Civil Engineers
• Hospitals and Schools

Time Period Captured in the Report
• Historical Period: 2013-2018
• Forecast Period: 2018-2023E

Companies Covered
• Contrack FM
• Enova
• EFS Facilities Management
• IFMC - Apleona Group
• Egypro-FME
• CBRE
• JLL
• Qeema FM
• G4S
• Savills
• ProService
• Encorp Facility Management
• Emdad Facility Management
• Egypt Service

Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Market Overview
• Market Size, 2018
• Market Segmentation, 2018
• Trends and Development
• Issues and Challenges
• Regulatory Framework
• SWOT Analysis
• Competitive Landscape
• Company Profiles of Major Players
• Future Outlook and Projections, 2018-2023E
• Future Segmentation, 2018 - 2023E
• Analyst Recommendations

Related Reports
https://www.kenresearch.com/manufacturing-and-construction/real-estate/australia-facility-management-market/192205-97.html

https://www.kenresearch.ae/manufacturing-and-construction/real-estate/indonesia-facility-management-market/189023-97.html

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/integrated-facility-management/190127-93.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.