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11630 SW 97 Street, Miami, Florida 33176, US
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The U.A.E. facility management market attained a valuation of $14,949.9 million in 2019 and is predicted to exhibit a CAGR of 9.3% between 2020 and 2030. Furthermore, the market would generate a revenue of $34,959.4 million in 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The key factors driving the expansion of the market are the surging investments being made in the construction sector and the thriving tourism sector in the country.
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The objective of this research includes;
Major factors driving the in U.A.E. Facility Management Market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the in U.A.E. Facility Management Market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
The increasing foreign direct investments, traveler footfall, and gross domestic product (GDP) of the country are causing the expansion of the tourism sector. The COVID-19 pandemic and the subsequent lockdown and restrictions that were imposed on travel and tourism hampered the progress of the tourism sector in the country over the last few months. However, with immense government support and the relaxation in travel restrictions, the hospitality sector is set to witness rapid growth in the coming months.
The rising requirement for disinfection services, security services, environmental management services, and safety services in hotels, tourist destinations, and commercial complexes is boosting the growth of the U.A.E. facility management market. Besides the growing tourism sector, the flourishing construction industry is also causing the boom of the market. In the U.A.E., several construction and infrastructural development projects related to the oil & gas, utilities, transport, industrial, and urban industries are in the bidding/tender phase.
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In Dubai, nearly 4,000 projects worth $313.2 billion are currently underway. The Royal Atlantis Resort and Residences expansion, Container Terminal 4 (Jebel Ali Port) expansion project, and the Dubai Metro Red Line Extension (a part of the Dubai Expo 2021 preparations) are some of the major construction projects currently underway in Dubai. These projects are predicted to push up the requirement for facility management services in the city in the future.
The research includes a detailed analysis of;
Based on Service
Based on End User
Based on Mode
Based on Type
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