Qatar Facility Management Market Trends, Business Strategies, Leading Players and Growth Forecast 2030 | P&S Intelligence

Largescale infrastructure development, owing to the upcoming FIFA World Cup 2022 and the Qatar National Vision 2030, is creating a huge requirement for facility management services in Qatar. As the Qatar National Vision 2030 initiative is based on social development, environmental development, human development, and economic development, an increasing number of infrastructure projects and the flourishing tourism industry will propel the need for facility management solutions in the country. Similarly, the rising construction of hotels, shops, sports arenas, and other facilities, on account of the FIFA World Cup 2022 will also propel the adoption of such services.

Moreover, the increasing number of initiatives to empower, educate, and promote facility management service providers in the domain of sustainable practices will also augment the Qatar facility management market at a robust CAGR of 16.4% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will surge from $4,613.0 million in 2019 to $21,975.1 million by 2030. For instance, the Middle East Facility Management Association (MEFA) and the Qatar Green Building Council (QGBC) set up the Facility Management Interest Group to showcase the best practices related to facility services and impart awareness about sustainable methods.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/qatar-facility-management-market/report-sample

The service segment of the Qatar facility management market is classified into environmental management, support, catering, property, security, cleaning, and others. Under this segment, the property category accounted for the largest market share in 2019, and it is expected to continue this trend in the forecast years as well. This is due to the soaring number of newly constructed buildings, owing to the upcoming international events and the Qatar National Vision 2030. This category is further categorized into mechanical and electrical maintenance and heating, ventilation, and air conditioning (HVAC) maintenance.

In contemporary times, companies operating in the Qatar facility management market are strongly focused on winning contracts to gain a competitive edge. For instance, in January 2020, Darwish Interserve Facility Management W.L.L. won a three-year contract from the Qatar Civil Aviation Authority to offer integrated facility management services at the Qatar Air Traffic Control Centre (QATCC). Similarly, in June 2020, CBM Qatar L.L.C. won contracts from the Embassy of the Republic of Singapore and Al Kaabi Tower located on Al Aaliya Street to provide mechanical, electrical, and plumbing (MEP), cleaning, and security services for two years at these sites.

Browse full report at: https://www.psmarketresearch.com/market-analysis/qatar-facility-management-market

Thus, the upcoming FIFA World Cup 2022 and rising public awareness about asset protection will boost the adoption of facility management solutions in Qatar.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

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.