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The Qatar facility management market is predicted to grow at 8.7% CAGR during the forecast period with the market size reaching USD 4.8 billion by 2024. The market is driven by factors such as the mounting emphasis on greenhouses and speedy infrastructure developments such as Sidra Medical Research Centre, Sheraton Park, and Western Green Spine raised the demand for facilities services.
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Qatar Facility Management Market The Qatar facility management market is predicted to grow at 8.7% CAGR during the forecast period with the market size reaching USD 4.8 billion by 2024. The market is driven by factors such as the mounting emphasis on greenhouses and speedy infrastructure developments such as Sidra Medical Research Centre, Sheraton Park, and Western Green Spine raised the demand for facilities services.The market for facility management in Qatar is primarily driven by leading projects such as Vision Qatar 2030, National Tourism Sector Strategy 2030, and Qatar Rail Development Program (QRDP), and upcoming FIFA cup 2022. The upcoming events would result, the need for hospitality services and infrastructure in order to provide accommodation resource for participants and guests from various countries.
Qatar Facility Management Market Among all services, property segment holds the largest share in the facility management market due to its advantages such as minimal maintenance and repair price, reduced occupant turnover, support with taxes, rent collection, and small vacancy cycles. The catering segment is witnessing the highest growth in the market, owing to mounting tourism and hospitality industry. The property segment is further subdivided into heating, ventilation, and air conditioning (HVAC) maintenance, mechanical and electrical maintenance, and others.
Qatar Facility Management Market Key players in the facility management industry are investing in the development of advanced, which is strengthening their position in the market Mosanada Facilities Management Services, Confident Enterprises WLL, CBM Qatar LLC, CofelyBesix Facility Management, Al Tamyoz Business Group, COMO Facilities Management Services, ASTAD, OCS Qatar LLC, Al-Asmakh Facilities Management WLL, Elegancia Hospitality & Facility Management Services, and Conservo Facility Management Co. WLL are some of the key players offering facility management in Qatar.
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