Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "Qatar Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry, By End User, By Sectors, By Region, Competition Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
Qatar Facility Management market is anticipated to register a robust CAGR during the forecast period. The main factor driving the market growth is rising infrastructure projects in the country as Qatar seeks to increase its urbanization with the goal of the population being spread all over the country rather than just one province.
Facility Management (FM) are support services that are used in real estate & property for the benefit of society. By using Facility Management services, a person can get all the services related to their day-to-day use. Services related to fire safety, cleaning, maintenance, security, logistics, environment, Heating, Ventilation, and Air Conditioning (HVAC) services, and others come under Facility Management. Facility Management services are used in various sectors, such as residential, commercial, and industrial. The market has companies but also consists of individuals carrying out the services themselves without the banner of a company.
FIFA World Cup 2022 Changed the Fortune
One of the major factors influencing Qatar's building management market is the 2022 FIFA World Cup held in the country. The construction of sports stadiums, training grounds, and other infrastructure gave rise to several facility management projects.
On average, more than 10% of its annual national output was spent on infrastructure building to host the event. For instance, the country is building a 40,000-seat modular arena for the same, which will include seats, concession stands, bathrooms, shops, and more.
Qatar has spent nearly USD 220 billion on building the required infrastructure in the country. The event will therefore stimulate the need for facility management services.
Latest Developments in Qatar Facility Management Market
Al Asmakh Facilities Management and A to Z Services announced their merger to create one large integrated facility management company in Qatar during the year 2021. The merger resulted in the combination of eight individual entities; four are from A to Z services, and AL Asmakh Facilities Management also contributes four.
Qatar has many projects worth billions under its belt, which will require Facility Management Services during the forecast period, be it residential, commercial, or any other sector. These projects are expected to drive the demand for FM services in the country along with the entry of new players in the market.
Barwa Real Estate Group announced implementing a system named "Fusion Applications" on Oracle Cloud. This enables the user to automate their back-office operations and build powerful management processes such as human resource, financial, and supply chain management.
Lack of skilled laborers restraining the market growth
Qatar has a lot of migrant laborers, but the majority of these laborers are not skillful, and hence, it requires a lot of time and investment from companies to train them, make them skillful, and carry out the work carefully with all precautions.
Recent Developments
- Sodexo launches its new in-patient dining solution Touch2Order and cutting-edge digital food ordering application, One Klick, across the Middle East. The app incorporates AI systems to supplement patient, visitor, and medical staff experience in regional healthcare institutions. Sodexo has large patient comfort, safety, and clinical support and facilitates efficient and smooth operations in UAE, Qatar, Oman, and Kuwait healthcare sites.
- In 2021, Sodexo partnered with Leanpath to release the subsequent-gen AI-driven waste reduction technology. The partnership aligns with the organization's better tomorrow 2025 initiative to decrease waste.
Report Scope:
In this report, Qatar Facility Management Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Qatar Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
Qatar Facility Management Market, By Type:
- Hard Services
- Soft Services
Qatar Facility Management Market, By Industry:
- Organized
- Unorganized
Qatar Facility Management Market, By End User:
- Commercial
- Residential
- Industrial
- Public Sector
Qatar Facility Management Market, By Sectors:
- Education
- Healthcare
- Real Estate
- Banking
- Hospitality
- Housing
- Others
Qatar Facility Management Market, By Region:
- Doha
- Al Rayyan
- Al Wakra
- Umm Salal
- Al Khor and Al Thakhira
- Rest of Qatar
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 Qatar Facility Management Market
5. Voice of Customers
6. Qatar Facility Management Market Overview
7. Qatar Property Facility Management Market Overview
8. Qatar Cleaning Facility Management Market Overview
9. Qatar Security Facility Management Market Overview
10. Qatar Support Facility Management Market Overview
11. Qatar Catering Facility Management Market Overview
12. Price Point Analysis (Cost of Spending in Qatar)
13. Market Dynamics
14. Market Dynamics
14.1. Drivers
14.1.1. Qatar Vision 2022 drives growth
14.1.2. Growing focus on Green Building Practices
14.2. Challenges
14.2.1. Lack of skilled Labor
14.2.2. High Cost driven projects
15. Market Trends & Developments
15.1. Sodexo partnership with Leanpath
15.2. Al Asmakh Facilities Management and A to Z Services acquisition
15.3. Sodexo launches its new in-patient dining solution Touch2Order
15.4. Barwa real estate group QPSC announced the execution of the Fusion application on Oracle Cloud.
16. Policy and Regulatory Landscape
17. Qatar Economic Profile
18. Qatar Facility Management Market, Upcoming Mega Projects Driving Growth
19. Facility Management Value Chain
20. Key Pain Points for Customers & Facility Management Companies
21. Qatar Facility Management Market, Key Stakeholders
22. Major Clients of Leading Players
23. Company Profiles
24. Strategic Recommendations
25. About the Publisher & Disclaimer
A selection of companies mentioned in this report includes
- EFS Facilities Services Group
- Sodexo Qatar Services
- G4S Qatar
- Al-Asmakh Facilities Management
- Al Faisal Holdings (MMG Qatar)
- Galfar Al Misnad
- COMO Facilities Management Services
- OCS Qatar LLC
- CBM Qatar LLC
- Al Tamyoz Facility Management
For more information about this report visit https://www.researchandmarkets.com/r/1yimfs
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
