Due to the surge in the tourism industry, because of the soaring foreign direct investments and the increasing number of travelers, the demand for facility management services is rising sharply in the U.A.E. Moreover, the country will host several international events such as the Dubai Expo 2021 in the coming years, which will massively augment the requirement for facility management services. This will be because of the rapid construction of various resorts and establishments in the country.
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Additionally, the rising requirement for disinfection services, due to the COVID-19 pandemic, is propelling the demand for facility management services in the country. Besides these, the mushrooming demand for safety services, environmental management services, and security services is also predicted to fuel the requirement for facility management services in the country in the forthcoming years. Furthermore, the rapid construction of several commercial and residential establishments, because of the implementation of favorable government regulations, is boosting the demand for these services.
Due to the above-mentioned factors, the U.A.E. facility management market is exhibiting huge expansion and is predicted to boom in the coming years. The value of the market is predicted to rise from $14,949.9 million in 2019 to $34,959.4 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. Security, support, property, cleaning, catering, and environmental management are main types of facility management services required in the U.A.E.
Out of these, the demand for the property services was found to be the highest in the country during the last few years and this trend is predicted to continue in the coming years as well. This will be because of the rising customer demand for integrated services for the management of properties. Because of this reason, the property category will exhibit rapid expansion in the market in the forthcoming years.
Thus, it is clear that due to the rapid construction of various commercial and residential facilities and the expansion in the tourism sector, the demand for facility management services will shoot-up in the U.A.E. in the coming years.
Read more: https://www.psmarketresearch.com/market-analysis/uae-facility-management-market
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