Qatar Facility Management Market To Generate Revenue Worth $22,268.2 Million in 2030
- Published: February 2022
The country's construction industry is booming as a result of the forthcoming FIFA World Cup 2022 and the Qatar Vision 2030, which are driving up demand for facility management services in Qatar. Furthermore, the country's facility management business is thriving as a result of the presence of both domestic and international players. Due to these factors, the industry is projected to generate $22,268.2 million revenue in 2030, advancing at a CAGR of 17.3% during 2021–2030.
Due to the COVID-19 pandemic, the overall facility management market in Qatar had experienced a slightly negative impact, due to the drop-in demand for facility management services, such as catering and support. However, an increase in tourism and industrial activities is expected to drive the demand for these services in the country in the coming years.
Commercial Category Dominated the Market
The Qatari facility management market is categorized into commercial, residential, and industrial, based on end user. Among these, the commercial category dominated the market during the historical period. This is mainly because offices, hotels, and retail spaces require more facility management services than others.
Moreover, the market for facility management in Qatar is categorized into property, cleaning, security, catering, support, environmental management, and others, based on service. Among these, the cleaning category is expected to witness the fastest growth during the forecast period (2022–2030), owing to the increasing need for cleanliness and hygiene in the hospitality and commercial sectors.
Securing Contracts for Facility Management Are the Most-Effective Strategic Measures Taken by Market Players
Players in the Qatari facility management industry have been frequently involved in securing facility management contracts to gain a significant position in the market. For instance, in January 2020, Darwish Interserve Facility Management W.L.L. secured a three-year facility management contract from Qatar Civil Aviation Authority. The company would provide integrated facility management services, such as cleaning and MEP services, for the Qatar Air Traffic Control Centre (QATCC).
Similarly, in November 2019, AKTOR Qatar W.L.L. commenced its facility management services at 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 to provide maintenance services for the 100-kilometer-long Doha Metro network that includes 37 underground stations, three depots, and a tram network.
Major players operating in the Qatari facility management market include Mosanada Facilities Management Services, Engie Cofely, Al-Asmakh Facilities Management W.L.L., COMO Facilities Management Services, OCS Qatar LLC, CBM Qatar LLC, Elegancia Group, Al Tamyoz Business Group, Conservo Facility Management W.L.L., Sodexo Group, AMWAJ Catering Services Company, Facilities Management & Maintenance Company LLC, Waseef, QAFAM, Darwish Interserve Facilities Management W.L.L., Al Mirqab Facilities Management, Q-TEC ELECTRIC W.L.L., EFS Facilities Services Group, The Maintainers, and Cayan Facility Management.