The U.A.E. is expected to witness a significant surge in the number of construction activities in the coming years, owing to which the requirement for facility management will increase considerably. Currently, the country has several infrastructure plans under the tender or bidding phase. For instance, Dubai currently has around 4,000 structures, worth $313.2 billion, under construction. Mega infrastructure projects, such as Royal Atlantis Resort and Residences (Palm Jumeirah), Dubai Metro Red Line extension (part of the Expo 2020 preparations), and expanded Container Terminal 4 (Jebel Ali Port), will require facility management services in abundance.
Moreover, the expansion of the tourism sector will fuel the facility management market in U.A.E. at a CAGR of 10.8% during 2021–2030. According to P&S Intelligence, the market size is expected to grow from $14,360.2 million in 2020 to $39,680.8 million by 2030. During the upcoming Dubai Expo 2020 (rescheduled for 2021), the footfall of tourists will grow exponentially. This will, in turn, amplify the need for disinfection services, safety services, security services, and environmental management services in hotels and tourist attractions.
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In the coming years, business firms and corporate houses in the U.A.E. will adopt facility management services at the fastest pace. This will be due to the surging investments in the corporate sector by the government, which reflect the rising focus of the country on economic diversification. Enterprises generate a high requirement for procurement services and other related services, including renting and contract management, for smooth functioning. Other end-users, such as the manufacturing, public administration, education, healthcare, and construction sectors, also use these services in abundance.
Currently, companies in the U.A.E. facility management market are proactively working toward winning large-scale client tenders to increase their revenue. Ejadah Asset Management Group LLC, Adeeb Electrical & Electronic Services Co. LLC, Al Shirawi Facilities Management LLC, Blue Diamond Facilities Management LLC, Tafawuq Facility Management LLC, Engie Cofely, Imdaad LLC, EFS Facilities Services Group Limited, Deyaar Development PJSC, Transguard Group LLC, AG Facilities Solution LLC, Reliance Facilities Management, and Etisalat Facilities Management LLC are some of the most-significant facility management service providers in the country.
Thus, the expansion of the tourism and construction sectors in the U.A.E. will boost the requirement for facility management services in the coming years.
Source: www.psmarketresearch.com
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