Qatar Facility Management Market to Surpass $4.3 Billion by 2022
Increasing infrastructure-based
developments, upcoming megaevents and rapid consolidation of major players to
positively influence Qatar facility management market
According to TechSci Research report, “Qatar
Facility Management Market
By Service, By Application, Competition Forecast & Opportunities, 2022”, Qatar facility management (FM) market
is projected to surpass $ 4.3 billion by 2022. Qatar’s flagship programs such
as Qatar Rail Development Program (QRDP), Qatar National Vision 2030 and
National Tourism Sector Strategy 2030 are expected to support the country’s
construction industry during the forecast period, thereby aiding Qatar facility
management market in the coming years. Moreover, growing focus towards green
buildings, upcoming megaevents such as FIFA World Cup 2022 and rapid
infrastructure developments are expected to boost the demand for facility
management services in Qatar during forecast period.
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Facility Management Market"
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Owing
to increasingly strict rules & regulation from Health, Safety, and
Environmental (HSE) regulatory bodies, a growing number of companies are facing
difficulties in complying with the regulatory standards. In order to focus on
their core businesses, companies are outsourcing their regulatory compliance
obligations to facility management service providers in Qatar. Facility management
companies are putting emphasis on providing integrated services instead of
standalone services, as it would enable them in increasing their revenues on
account of higher consumer preference for integrated service offering. With increasing
demand for integrated facility management services, market players are focusing
on providing mix of services such as hard, soft and others in Qatar, which in
turn is positively influencing Qatar
facility management market.
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“FIFA
World Cup 2022 is anticipated to have a huge positive impact on the facility
management market in Qatar over the coming years. In addition, “National Vision
2030”, which was officially launched by the government in October 2008, with an
aim to transform the nation into a developed country, has various goals
including expansion of the country’s infrastructure. Consequently, the
Government of Qatar has undertaken various projects related to new
international airport, new cities, schools, hospitals and electric substations
in the country, which are expected to drive the country’s facility management market
through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Qatar Facility Management Market By Service,
By Application, Competition Forecast & Opportunities, 2022” has evaluated the future growth potential of Qatar facility
management (FM) market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Qatar facility management market.
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