Report Description

Oman Facility Management market is anticipated to register a robust CAGR in the forecast period. Oman is mostly dependent on its oil-based economy and fishing & trading and hence trying to diversify its economy which gave rise to its Vision 2040. Knowledge-based populations and societies strengthen the country's vision for the future. With the help of industrial growth, the country wants to be among the developed countries of the world. Facility management has many services that individuals/groups can use in their daily lives but are not limited to fire safety; cleaning; maintenance; safety; logistics; proximity; heating, ventilation, and air conditioning (HVAC) services. FM services are used in several areas such as residential, trade, and industrial building management. FM services are also used in the private or public sector as the demand for these services is fundamental, needed by everyone, and suitable for facility lifetime value.

Oman Vison 2040 propelling the growth

Oman Vision 2040 focuses on diversifying the Oman economy and having options outside the oil & gas, and fishing sectors. Through Vision 2040, Oman expects an increase in FDI investment and be a major player in the middle east for business opportunities.

Oman is expecting 10,000 projects of investment worth USD39 billion. These projects are expected to have 270,000 jobs. Through these projects, number of of players are expected to increase in the FM market.

Some of the Oman Vision 2030 projects include the development of the industrial cities in Sur, Al Buraimi, Suhar, Raysut, Nizwa, Al Mazunah Free Zone, and Knowledge Oasis Muscat (KOM).

Latest Trends in Oman Facility Management Market

With the opening of Mall of Oman in 2021, 145,000 square meters of retail space, a variety of dining options and a range of exciting lifestyle experiences have further fueled the growth of the market. Rising GDP is also boosting the demand for domestic outsourced FM services.

Oman's newest integrated development, Khazaen Economic City, is open to investors who want to benefit from the country's friendly investment climate, unique geopolitical position, economic stability, and continued growth. These investments are market gaining traction for commercial players who wants invest in the country by using its facilities thus propelling the market.

Al Ruzaiqy Group partnered with Ascott Group to open its first hotel in Oman. This collaboration helped Ascott Group to launch facilities management services in the country. Citadines Al Ghubrah Muscat, Oman, is part of Ascott's regional portfolio of 27 properties across the Middle East, Africa, Turkey, and Central Asia. This partnership expects to increase the facility management growth in the country.

Lack of knowledge among End-Users

One of the biggest challenges the market faces is the knowledge of these services. As the market is highly fragmented, both organized and unorganized players are present in the market. This gives an option to the client to choose the service provider based on price, but the client may have to compromise on the quality, which the client doesn’t realize, and the facility might get wear and tear. Therefore, it is important for the client to choose the best service provider working professionally and having the upgraded equipment and professionals who have the required skills.  

Recent Developments

Crossword Cybersecurity Plc had signed a letter of intent with Al-Rawahy Holdings LLC in the year 2021 to form a licensed subsidiary called Crossword Cybersecurity LLC. Crosswords Cybersecurity Plc are used in a variety of industries, including facility management.

Petroleum Development Oman (PDO)awarded contract renewals to several Super Local Community Contractors (SLCCs). This reflects the great success and maturity these companies have achieved in the oil and gas sector. The Company signed an agreement with Sakhan Facility Management, a consortium of SLCCs, to build an integrated station that will provide surface transportation services to personnel working at the facility.


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Market Segmentation

Oman Facility Management market is segmented based on By Service, By End User, By Type, By Industry, By Sectors. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End User, the market is segmented into Commercial, Residential and Industrial. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others.

Market players

Major market players in the Oman Facility Management market are Qurum International Group, Oman International Group, Renaissance Services SAOG, Daud Engie Group, Bahwan Engineering Company LLC, Al Naba Services LLC, General Electric & Trading Co. LLC (Genetco), G4S Security Solutions LLC, Stalwart Facilities Management LLC, United Facilities Management Services LLC.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         Service

·         Type

·         Industry

·         End User

·         Sectors

Regional scope

Muscat, Dhofar, Al Wusta, A'Sharqiyah, Rest of Oman

Key companies profiled

Qurum International Group, Oman International Group SAOC, Renaissance Services SAOG, Daud Engie Group, Bahwan Engineering Compan LLC, Al Naba Services LLC, General Electric & Trading Co. LLC (Genetco), G4S Facilities Services LLC, Stalwart Facilities Management LLC, United Facilities Management Services LLC

Customization scope

10% free report customisation with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customised purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Oman Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

o   Oman Facility Management Market, By Service:

o   Property

o   Cleaning

o   Security

o   Support

o   Catering

o   Others

o   Oman Facility Management Market, By Type:

o   Hard Services

o   Soft Services

o   Oman Facility Management Market, By Industry:

o   Organized

o   Unorganized

o   Oman Facility Management Market, By End User:

o   Commercial

o   Residential

o   Industrial

o   Public Sector

o   Oman Facility Management Market, By Sectors:

o   Education

o   Healthcare

o   Real Estate

o   Banking

o   Hospitality

o   Housing

o   Others

o   Oman Facility Management Market, By Region:

o   Muscat

o   Dhofar  

o   Al Wusta

o   A'Sharqiyah

o   Rest of Oman


Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Oman Facility Management market.

Available Customizations:

Oman Facility Management market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

o   Detailed analysis and profiling of additional market players.

The Oman Facility Management market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Oman Facility Management Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Overall Brand Awareness Level

5.2.  Brand Awareness Level wrt Availability

5.3.  Brand Awareness Level wrt Mode of Distribution

5.4.  Brand Awareness Level wrt Pricing

5.5.  Brand Awareness Level wrt Sales Service

6.    Oman Facility Management Market Overview

6.1.  Industry Structure & Stakeholders

6.2.  Porter’s Five Force Analysis

6.3.  Market Size & Forecast

6.3.1.                By Value

6.4.  Market Share & Forecast

6.4.1.           By Service (Property, Cleaning, Security, Support, Catering & Others)

6.4.2.           By Type (Hard Services and Soft Services)

6.4.3.                By Industry (Organized and Unorganized)

6.4.4.                By End User (Commercial, Residential, Industrial and Public Sector)

6.4.5.                By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)

6.4.6.                By Region

6.4.7.                By Company

6.5.  Oman Facility Management Market Map

7.    Oman Property Facility Management Market Overview

7.1.  Market Size & Forecast

7.1.1.                By Value

7.2.  Market Share & Forecast

7.2.1.                By Type

7.2.2.                By Industry

7.2.3.                By End User

7.2.4.                By Region

8.    Oman Cleaning Facility Management Market Overview

8.1.  Market Size & Forecast

8.1.1.                By Value

8.2.  Market Share & Forecast

8.2.1.                By Type

8.2.2.                By Industry

8.2.3.                By End User

8.2.4.                By Region

9.    Oman Security Facility Management Market Overview

9.1.  Market Size & Forecast

9.1.1.                By Value

9.2.  Market Share & Forecast

9.2.1.                By Type

9.2.2.                By Industry

9.2.3.                By End User

9.2.4.                By Region

10. Oman Support Facility Management Market Overview

10.1.   Market Size & Forecast

10.1.1.             By Value

10.2.   Market Share & Forecast

10.2.1.             By Type

10.2.2.             By Industry

10.2.3.             By End User

10.2.4.             By Region

11. Oman Catering Facility Management Market Overview

11.1.   Market Size & Forecast

11.1.1.             By Value

11.2.   Market Share & Forecast

11.2.1.             By Type

11.2.2.             By Industry

11.2.3.             By End User

11.2.4.             By Region

12. Price Point Analysis (Cost of Spending in Oman)

12.1.   Plumbing

12.2.   Painting

12.3.   AC Service

12.4.   Electrical Service

12.5.   Pest Control

12.6.   Masonry Service

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends & Developments

15. Policy and Regulatory Landscape

15.1.   Historical Evolution of Regulation

15.2.   Current Guidelines

15.3.   Licensing / Certification Requirements

16. Oman Economic Profile

17. Oman Facility Management Market, Upcoming Mega Projects Driving Growth

18. Facility Management Value Chain

19. Key Pain Points for Customers & Facility Management Companies

19.1.   Key Pain Points for Customers

19.2.   Key Pain Points for Facility Management Companies

20. Oman Facility Management Market, Key Stakeholders

21. Major Clients of Leading Players

22. Company Profiles

22.1.   Qurum International Group

22.1.1.             Business Overview

22.1.2.             Key Revenue and Financials (If available)

22.1.3.             Recent Developments

22.1.4.             Key Personnel

22.1.5.             Key Product/Services

22.2.   Oman International Group

22.2.1.             Business Overview

22.2.2.             Key Revenue and Financials (If available)

22.2.3.             Recent Developments

22.2.4.             Key Personnel

22.2.5.             Key Product/Services

22.3.   Renaissance Services SAOG

22.3.1.             Business Overview

22.3.2.             Key Revenue and Financials (If available)

22.3.3.             Recent Developments

22.3.4.             Key Personnel

22.3.5.             Key Product/Services

22.4.   Daud Engie Group

22.4.1.             Business Overview

22.4.2.             Key Revenue and Financials (If available)

22.4.3.             Recent Developments

22.4.4.             Key Personnel

22.4.5.             Key Product/Services

22.5.   Bahwan Engineering Group

22.5.1.             Business Overview

22.5.2.             Key Revenue and Financials (If available)

22.5.3.             Recent Developments

22.5.4.             Key Personnel

22.5.5.             Key Product/Services

22.6.   Al Naba Services LLC

22.6.1.             Business Overview

22.6.2.             Key Revenue and Financials (If available)

22.6.3.             Recent Developments

22.6.4.             Key Personnel

22.6.5.             Key Product/Services

22.7.   General Electric & Trading Co. LLC (Genetco)

22.7.1.             Business Overview

22.7.2.             Key Revenue and Financials (If available)

22.7.3.             Recent Developments

22.7.4.             Key Personnel

22.7.5.             Key Product/Services

22.8.   G4S Facility Services LLC

22.8.1.             Business Overview

22.8.2.             Key Revenue and Financials (If Available)

22.8.3.             Recent Developments

22.8.4.             Key Personnel

22.8.5.             Key Product/Services

22.9.   Stalwart Facilities Management LLC

22.9.1.             Business Overview

22.9.2.             Key Revenue and Financials (If Available)

22.9.3.             Recent Developments

22.9.4.             Key Personnel

22.9.5.             Key Product/Services

22.10. United Facilities Management Services LLC

22.10.1.           Business Overview

22.10.2.           Key Revenue and Financials (If Available)

22.10.3.           Recent Developments

22.10.4.           Key Personnel

22.10.5.           Key Product/Services

23.  Strategic Recommendations

23.1.   Key focus on the Property Service segment

23.2.   Major focus on the Real Estate segment

24. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Facility management can be defined as the tools and services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate, while also including lease management, lease administration, accounting, capital project planning and management.

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Challenges a facility manager faces are that client may not get their facility managed on regular intervals leading to high charges later. When a facility is not managed properly, chances of accidents tend to increase. Another challenge is the mangers face is the non-availability of data as to when the last time facility was serviced by a technician, or another information related to that facility.

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Hard FM services include building fabric maintenance, lighting & power issues, escalator service and civil & carpentry work while some Soft FM services are catering, waste management, landscaping and handyman service.

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Maintenance is only for short term i.e., running things on a day-to-day basis while Facility Management is done for long term.

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Srishti Verma

Business Consultant
Press Release

Property Sector to Dominate the Oman Facility Management Market during the forecast period in the Oman Facility Management Market

Dec, 2022

Government projects and increased spending on infrastructure projects to drive the Oman facility management market growth in the forecast period.