NEW YORK, August 12, 2016 /PRNewswire/ --
The facilities management (FM) industry in the United Arab Emirates is expected to grow at CAGR of 8.51% between 2016-2021 driven by projects like Abu Dhabi's Emirate-wide Vision 2030, and Dubai Urban Development Master Plan 2020. Due to hosting of World Expo in 2020 in Dubai, an amount of USD8.174 billion is estimated to be spent on infrastructure in the city. With six mega projects in UAE namely Emirates roads master plan (to be completed by 2016), Etihad railway network (to be completed by 2018), Dubai Airport expansion (to be completed by 2018), Abu Dhabi Airport expansion (to be completed by 2017) Abu Dhabi Metro (to be completed by 2020), Dubai Metro (to be completed by 2030) all together costing about USD55.11 billion, the Facility management market is going to measure a robust growth.
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UAE Facility Management Market: Drivers and Restraints
The rapid real estate and urban infrastructure development in terms of airports, roadways, ports and railways have resulted in increased demand for facility management industry.
The focus of government to diversify its economy other than the oil sector has boosted the growth of Facility management market. Apart from upcoming new buildings and infrastructure facilities, the maintenance of old built buildings and facilities has provided opportunity for the Facility management industry.
Due to high standard regulations laid down by Middle East Facilities Management Association (MEFMA) and the Real Estate Regulatory Agency (RERA), there has been stiff competition between the different Facility management companies to lead in the market keeping in the view the best quality, practices and standards. Another biggest challenge faced by the Facility Management companies are overcoming inflationary issues in the region.
UAE Facility Management Market: Segmentation
The UAE Facility Management market is segmented on the basis of Services, End-Users & Regions.
Based on Type, the UAE Facility Management market is segmented into the following:
Based on End-Users, the UAE Facility Management market is segmented into the following:
Based on regions, the UAE Facility Management market is segmented into the following:
UAE Facility Management Market: Overview
The Facility Management Market in UAE is anticipated to grow at a steady rate during 2016-2021, on account of huge infrastructure spending in the country ranging from residential to industrial sector. In the UAE, a bill to reduce new large building energy consumption by up to 30% by 2030, has provided a new scope for the facility managers and real estate companies to design, build and maintain buildings in a sustainable way.
UAE Facility Management Market: Region-wise Outlook
At present, Dubai and Abu Dhabi are leading regions in UAE facility market followed by Sharjah due to major portion of infrastructure investments and developments concentrated in the area.
UAE Facility Management Market: Key Players
Key players in the UAE Facility Management Market: Credo, ETA Facilities Management, Bilfinger HSG Facility Management, Advanced Facilities Management etc.
The report covers exhaustive analysis on:
"UAE Facility Management Market Forecast & Opportunities, 2021" will analyse the market of different types of Facility management services and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report will also identify and analyse the emerging trends along with essential drivers and key challenges faced by the industry.
Report Highlights:
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