Sustainability and Digital Transformation Boost Growth of FM in the GCC Countries
The shift from price to value-based bundled contracts drives growth opportunities
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Facility management (FM) is gaining traction in the GCC, as more end users have begun to appreciate the impact FM has on the bottom line; energy management is now being incorporated into FM Contracts. Besides, the use of sophisticated assets means that they will require higher quality and standards of asset management.
With mega events, such as the EXPO 2020 and FIFA world cup 2022 set to showcase the region to the world, FM will no longer be considered a labor-intensive process but will be a factor that has a positive impact on the brand and the value of companies. Booming business in the construction, hospitality, and tourism sectors will be the top driver while the lack of qualified personnel, perception of FM outsourcing as loss of control, and the largely unorganized structure of the market will be the top challenges.
Though strategic partnerships are certain to garner market share, this report offers insights into the growth opportunities available and critical factors that participants may consider for succeeding in the industry.
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