The increasing demand for facility management services on account of the FIFA World Cup 2022 (to be hosted in Qatar), along with the Qatar National Vision 2030, is the key factor promoting the growth of the Qatar facility management market, which is projected to generate $21,975.1 million revenue by 2030, advancing at a CAGR of 16.4% between 2020 and 2030.
The ongoing COVID-19 pandemic has created a significant negative impact on the market. A substantial reduction in client budgets, arbitrary contract cancellations, unemployment, supply chain disruptions, increasing health and safety concerns of employees, high spending on safety and wellbeing, and cost escalations due to the rising spending on quarantine and isolation services have severely impacted the Qatar facility management industry.
On the basis of service, the Qatar facility management market is categorized into property, cleaning, security, catering, support, environmental management, and others. Among these, the property category is expected to lead the market throughout the forecast period. In recent times, there has been a rise in the demand for property services, such as heating, ventilation, and air conditioning (HVAC) maintenance and mechanical & electrical maintenance, for smooth operations of a facility. Owing to the extreme climatic conditions in the country, HVAC equipment witnesses high installations, which is why the demand for property services, especially HVAC maintenance, is rather high in Qatar.
Further, on the basis of end user, the Qatar facility management market is classified into industrial, commercial, and residential. Of these, the commercial sector is expected to account for the highest demand throughout the forecast period. This is primarily attributed to the high-volume demand for facility services from commercial establishments, schools, offices, and hospitals.
Players in the Qatar facility management market are implementing a strong focus on winning contracts for enhancing their market presence in the country. For instance, in November 2019, AKTOR Qatar W.L.L. commenced offering facility management services on the Doha Metro Gold Line. AKTOR Qatar W.L.L. and COMO Facility Management Services were awarded a 20-year contract, of $584.1 million (QR 160.4 million), to provide maintenance services on the 100-kilometer-long Doha Metro network, which includes 37 underground stations, 3 depots, and a tram network.
Similarly, in October 2018, Darwish Interserve Facility Management W.L.L. secured a three-year facility management contract from the Qatar Museums Authority, to provide comprehensive operations & maintenance services at the Qatar National Theater.
Additionally, in July 2018, Facilities Management & Maintenance Company L.L.C. secured a three-year facility management service contract from Schlumberger Qatar, for equipment maintenance, security, cleaning, pest control, catering, and waste management.
Q-TEC ELECTRIC W.L.L, Engie Cofely, Conservo Facility Management Co. W.L.L., EFS Facilities Services Group, Al-Asmakh Facilities Management W.L.L., COMO Facilities Management Services, QAFAM, Darwish Interserve Facilities Management W.L.L., Cayan Facility Management, Al Mirqab Facilities Management, OCS Qatar L.L.C., Confident Enterprises W.L.L., Al Tamyoz Business Group, The Maintainers, CBM Qatar L.L.C., Waseef, Elegancia Hospitality & Facility Management Services, AMWAJ Catering Services, Mosanada Facilities Management Services, and Facilities Management & Maintenance Company L.L.C. are some of the leading players in the Qatar facility management market.