Kuwait Facility Management Market to Cross KWD 755 Million by 2022
Growing
focus on infrastructure development, booming tourism sector and New Kuwait 2035
Mission to fuel Kuwait facility management market through 2022
According to a recently published
TechSci Research report, “Kuwait Facility Management Market By Service, By Application, Competition Forecast
& Opportunities, 2012 – 2022”, the facility
management market in Kuwait is projected to cross $2.5 Billion (KWD 755
Million) by 2022. Government’s ‘New Kuwait 2035 Mission’ is expected to support the country’s
construction and private sectors during the forecast period, thereby positively
influencing Kuwait facility management market in the coming years. Moreover,
increasing demand for integrated facility management services instead of
standalone services due to higher consumer preferences for integrated service
offerings in smart cities is anticipated to thrive Kuwait facility management
market in the coming years.
Browse 13 market data Tables and 43 Figures spread through 93 Pages
and an in-depth TOC on "Kuwait Facility Management Market"
https://www.techsciresearch.com/report/kuwait-facility-management-market/1440.html
In 2016, Kuwait government awarded
projects worth $ 7.5 billion, which resulted in an increase in investments in
ongoing and planned projects to $ 250 billion. One of the largest housing
projects underway in the country is South Al Mutlaa City Housing, which is estimated
to cost nearly $ 1 billion and entail 9,000 residential units, schools and
other facilities. The project is scheduled for completion by September 2019.
Such projects in the country are anticipated to boost demand for facility management
services during forecast period. Over the coming years, Al Asimah region is
anticipated to dominate Kuwait facility management market as it is the commercial
hub of the country, consequently, requiring facility management services on a
large scale.
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“Kuwait facility management market
is on the rise due to increasing construction activities in the country and increasing
focus on ‘New Kuwait 2035 Mission’, which is anticipated to transform Kuwait
into a major commercial and financial hub in the Middle East region. This would
result in huge demand for facility management services including hard, soft and
other services from the country’s commercial sector over the course of next
five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Kuwait Facility Management Market By Service, By
Application, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the facility management
market in Kuwait and has provided the statistics and information on market
structure, industry behavior and trends. The report includes market projections
and demand forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with strategic
recommendations for Kuwait facility management market.
About TechSci Research
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