Booming Tourism Industry Driving Growth of Facility Management Market in U.A.E.

The U.A.E. facility management market generated a revenue of $14,360.2 million in 2020, and it is predicted to advance at a CAGR of 10.8% from 2021 to 2030. Furthermore, as per the estimates of P&S Intelligence, a market research company based in India, the market will attain a value of $39,680.8 million by 2030. The market is being driven by the surging investments being made in the construction sector and the expansion of the tourism sector in the country.

With the expansion of the tourism industry, due to strong government support, and the subsequent rise in the tourist footfall, gross domestic product (GDP), and foreign direct investments (FDI), the demand for facility management services such as security services, safety services, environmental management services, and disinfection services is rising sharply in the country. Additionally, the upcoming Expo 2020 Dubai (which was postponed to 2021 due to the COVID-19 pandemic) is predicted to create huge growth opportunities for the tourism sector.

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Besides, the surge in the construction sector, due to the increasing infrastructural development activities, is also powering the U.A.E. facility management market growth. In Dubai, nearly 4,000 construction and infrastructural development projects worth $313.2 billion are currently underway, and this trend is predicted to continue in the coming years. The Dubai Metro Red Line extension, the Royal Atlantis Resort and Residencies (Palm Jumeirah), and the Container Terminal 4 (Jebel Ali Port) expansion project are some of these major infrastructure projects.

The requirement for cleaning services, mainly disinfection services, has also increased sharply in the warehouses, hospitals, residential complexes, offices, manufacturing units, and other public institutions in the country in the recent years, due to the outbreak of the COVID-19 pandemic. As per industry experts, the demand for these services increased a hundredfold with a month, that is, from 10 appointments to 1,000 appointments from February to March 2020, and it has been doubling daily since then.

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This is subsequently propelling the advancement of the category in the market. When end user is taken into consideration, the U.A.E. facility management market is classified into public administration, business and corporate, industry & manufacturing, healthcare, hospitality, education, and construction categories. Amongst these, the business and corporate category dominated the market in 2020. This was because of the huge investments made by various companies for expanding their business operations in the country.

Hence, the market will register huge expansion in the coming years, primarily because of the expansion of the tourism and construction industries in the country.

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P&S Intelligence
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.