The Qatar Facility Management Market size is estimated at USD 6.74 billion in 2024, and is expected to reach USD 10.93 billion by 2029, growing at a CAGR of 10.15% during the forecast period (2024-2029).
The country's increasing infrastructural development and rising public awareness are key drivers of the Qatari facility management market growth. With a heightened focus on cleaning, disinfection, effective maintenance of facilities, and efficient space management, coupled with numerous infrastructural projects, the facility management market is poised for steady growth in the coming years.
The facility management market is fragmented and highly competitive, with several local and international players active in Qatar, such as Al Faisal Holdings (MMG Qatar), Eleganicia Facility Management (Estithmar Holdings QPSC), Al-Asmakh Facilities Management, G4S Qatar WLL, Al Mirqab Facilities Management Services. These participants operate in the country through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter the market soon.
The FM companies are incorporating technologies into their services, adding strength to their Facility management service portfolio. For instance, Al Faisal Holding leverages automation, IoT, and data analytics, especially in its facility management field, to drive operational efficiency and elevate service standards.
Quality certification, service offerings, costs, and technical capabilities are important factors for attracting new contracts. As the market is in the growth stage, the players in the market are opting for significant strategies to sustain the market. For instance, recognizing the value of a skilled workforce, Al-Asmakh Facilities Management in Qatar heavily invests in ongoing training and development programs.
Overall, the intensity of the competitive rivalry is high in the studied market and is expected to be the same over the forecasted period.
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