The Gulf Cooperation Council facility management market is a growing market and will reach a value of about $137,298 million by 2030. This is majorly credited to the increasing requirement for facility management services in residential and commercial buildings, civil infra projects, and industrial units.
The property category was the largest in the industry in the past. This was since of the growing requirement for property management services like HVAC maintenance and mechanical & electrical maintenance, at the afresh erected buildings in GCC nations.
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HVAC maintenance services were the highest demanded in the past. This is majorly credited to the extreme weather conditions in GCC nations resulting in a high dependency of buildings on HVAC systems will fuel the requirement for their maintenance in the years to come.
The major trends in the GCC facility management market are the strict regulatory environment and monetary development. Most member nations have introduced strategic plans or visions for the expansion of sectors except energy, for strengthening their economies.
Moreover, the growing competition and high pressure since of the strict governing requirements are compelling companies for evaluating their way of directing business. For dealing the tight guidelines and high scrutiny, administrations are looking for ways for minimizing risks and accomplish their facilities competently.
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For achieving this, they started engaging facility management companies able to deliver and manage these services and also bear the risks related with them.
It is due to the increasing construction activities in the GCC nations, the demand for GCC facility management services is on the rise.
Browse more reports:
Facility Management Market in Saudi Arabia – https://www.psmarketresearch.com/press-release/saudi-arabia-facility-management-market
Facility Management Market in Kuwait – https://www.psmarketresearch.com/press-release/kuwait-facility-management-market
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