Press Release

Facility Management Market in Kuwait to Grow at 9% CAGR during 2017 – 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 grow at a CAGR of more than 9% during 2017 – 2022, to reach $ 2.5 billion 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 15 market data Tables and 47 Figures spread through 103 Pages and an in-depth TOC on  "Kuwait Facility Management Market"

https://www.techsciresearch.com/report/kuwait-facility-management-market/1479.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 property, cleaning, security, catering, support and other services from the country’s commercial, industrial as well as residential sectors 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 – 2022has 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 decisions. Besides, the report also identifies and analyzes emerging trends and growth opportunities emanating in Kuwait facility management market.


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