All you need to know about Qatar Facility Management Market

Facilities management refers to services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. It involves establishing the entire process and facilitating improvement from time to time. The rising development of industries and commercial buildings has paved the demand for facility management services.

According to research conducted by MarkNtel advisory, the Qatar Facility Management Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2023-28. While Qatar being the epicentre of growth is experiencing infrastructural development in terms of corporate facilities, commercial buildings are driving the growth of the market.

Benefits of Facility Management:

·       Customized solution-

Every business's needs differ from others. Facility management services focus on proving customized solutions tailored according to your needs and requirements.

·       Cost-effectiveness-

It is one of the most cost-effective ways to ensure the better management of your business. It's a one-time investment that caters to all your needs at one time. 

·       Better monitoring-

It becomes easy to monitor everything in one place. Right from fire management, and wiring to cleaning and catering everything is covered under facility management services. Thus, helps in better monitoring and saves time as well.

·       Focus on core areas-

Well, everything is already being taken care of. Businesses can focus on core competence that can lead to better profitability and an increase in the overall efficiency of the business.

Thus, facilities management services provide a one-stop solution to all your business needs which makes them the right choice for your company to ensure efficiency in business operations.

Market Insights:

·       To diversify the economy from oil & Gas exports. Qatar government is largely focusing on infrastructural development which leads to the construction of commercial spaces, and corporate buildings and paving the way for Facility management services. With facilities management services everything can be organized in one place with better efficiency.

·       Moreover, the development of facilities like airports, hotels, and shopping complexes to attract tourism is also one of the factors driving the demand for facilities management services and attracting a lot of potential investors in the market.

·       Qatar is also a host of diverse events such as the FIFA World Cup 2022 which has led to remarkable advancements in the country's overall infrastructure and fueled the demand for facility management services.

Covid 19 Impact:

In Covid 19 every industry has gone through the worst times and facilities management services are not new. Government imposing lockdown and companies adopting work from home culture the demand for these services sharply declined, owning financial losses to the investors.

People's concern regarding hygiene gradually increased during the pandemic which sharply increased the cost of these services. However, the requirements of containment zones and the best sanitization level get the market functioning at some levels. This in turn drives the demand for these services in coming years.

Final thoughts:

Qatar facility management services market has huge potential as these services are part of everyday business. Even during the pandemic, these services were in demand. So, it can be concluded that Qatar facilities management services are expected to rise soon and focus on creating enormous business opportunities for the investor in the market.

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