Expansion of Commercial Sector in Kuwait Fuels Demand for Facility Management

Facility management usually involves tools and services that provide support to functionality, safety, and sustainability of grounds, infrastructure, buildings, and real estate.

Facilities management involves:
• Lease management, with accounting and lease administration
• Capital project planning and management
• Energy management
• Employee and Occupant Experience
• Real Estate Management
• Emergency Management and Business Continuity

People who do their best work and stay engaged in their environments are required to be in safe, efficient, and welcoming buildings. Facilities management requires a hand in everything that surrounds people on the grounds and in facilities.

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Facility management is usually concerned with space optimization, lease accounting, workplace experience, guiding capital projects, and energy management and maintenance.

Superior facilities management requires contributing to the bottom line of the organization, which affects the short-and long-term value of buildings, property, and equipment.

The Kuwait facility management industry has garnered $954.4 million revenue in 2021, and it is projected to generate $1,995.5 million revenue in 2030, advancing at a rate of 8.5% from 2021 to 2030. It is attributed to the rising expansion of the hospitality sector, and the surging infrastructure projects.

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The major players operating in the industry are:
1- O&G Engineering W.L.L.
2- AI Mazaya Holding Company
3- AI-Awsat United Real Estate Co.
4- PIMCO
5- Refrigeration Industries Co. (S.A.K.)
6- United Facilities Management (UFM)
7- R&E Petroleum Co.

Therefore, the expansion of the commercial sector in Kuwait propels the demand for facility management in the country.

Browse more related reports:

Saudi Arabia Facility Management Industry - https://www.psmarketresearch.com/press-release/saudi-arabia-facility-management-market

GCC Facility Management Industry - https://www.psmarketresearch.com/press-release/gcc-facility-management-market

U.A.E. Facility Management Industry - https://www.psmarketresearch.com/press-release/uae-facility-management-market

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