Egypt Facility Management Market is expected to witness a massive upsurge, owing to increasing infrastructural growth & Technology

1. Egypt Facility Management is currently at a growing stage

Phase 1: The concept of FM services evolved in the 80s where companies began outsourcing both hard & soft facility services to vendors. This was followed by service integrations in the 90s which included contract management & adoption of computer & facility management.
Phase 2: The growth phase that is currently going on started in 2016 & witnessed the emergence of total facility management requirement which includes IT services, property management & outsourcing of government contracts in the form of Public Private Partnership. (PPP)

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTM3

2. The Facility Management Market in Egypt surpassed the emerging limit operating with a CAGR of 1.4% in 2021 owing to the growth in commercial & residential real estate & others

An increased diversion towards the adoption of sustainable practices have created further demand for FM services as it has led to the addition of new services namely Energy Management Services to the service portfolio.

To learn more about @ https://www.kenresearch.com/manufacturing-and-construction/real-estate/egypt-facility-management-market-outlook-to-2026/596137-97.html

A major contribution to the overall GDP has been induced by the construction sector.
Higher competition has led to the market being highly attractive leading to greater scrutiny of contracts, customized contracts &contract renewals.
A lot of commercial buildings were shut down because of the global pandemic as a result of which the overall market growth was negatively impacted but in 2022 the industry bounced back with increased demand for hygiene & other services.

3. Egypt Facility Management Market is expected to generate a massive revenue in 2016-26F, owing to an increase in infrastructural growth & technology

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 research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.