Growth of the Facility Management Market in Qatar - P&S Intelligence

As one of the key crude oil exporting countries, Qatar is witnessing the ill-effects of the growing environmental concerns related to the usage of fossil fuels. Considering the continuous shift to renewable energy, the country has begun preparing for the day when the oil demand reduces to naught. Thus, other sectors, such as education, manufacturing, transportation, healthcare, hospitality, and tourism, are being developed in order to reduce the dependence on the oil trade and diversify the national economy. Being undertaken majorly under the Qatar National Vision 2030, such diversification is resulting in the rampant construction of infrastructure across industries.

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As per P&S Intelligence, boosted by the increasing building and construction activities, the Qatar facility management market size will likely witness a 16.4% CAGR between 2020 and 2030 (forecast period), to reach $21,975.1 million by 2030 from $4,613.0 million in 2019. This is because once built and leased out, physical settings, such as commercial zones, office complexes, factories, schools and higher education institutes, hospitals, hotels, and even tourist attractions require an array of maintenance and repair services for smooth operations over a long time.

Thus, with the construction boom, the demand for property, security, cleaning, catering, environmental management, support, and other services is rising in the country. Among these, property services are demanded the most because they are among the basic that a building requires for its functioning. Property services include heating, ventilation, and air conditioning (HVAC) maintenance, mechanical and electrical maintenance, sales and leasing, space planning and design, general maintenance, rental property advertising, and asset management.

The bifurcations under the mode segment of the Qatar facility management market are outsourced and in-house. Till now, most industrial and commercial companies and residents have been employing third parties for the task, which is why outsourced bifurcation held the larger share in 2019. In the coming years, with the rising awareness of facility management as a service sector, even more companies will outsource these tasks. This is because this mode reduces the operational costs, at the same time, leaving enterprises free to focus on their core business area, rather than worrying about repairs and maintenance.

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Numerous companies operate in the Qatar facility management market, including Engie Cofely, COMO Facilities Management Services, Mosanada Facilities Management Services, Al-Asmakh Facilities Management W.L.L., OCS Qatar L.L.C., CBM Qatar LLC, Cayan Facility Management, Al Tamyoz Business Group, Elegancia Hospitality & Facility Management Services, Conservo Facility Management Co. W.L.L., AMWAJ Catering Services, Facilities Management & Maintenance Company L.L.C., Confident Enterprises W.L.L., QAFAM, Al Mirqab Facilities Management, Waseef, Darwish Interserve Facilities Management W.L.L., Q-TEC ELECTRIC W.L.L., EFS Facilities Services Group, and The Maintainers. Most of them are focusing on winning client service contracts for gaining a larger share in the industry.

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