Qatar Facility Management Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Qatar facility management market is expected to register a CAGR of 7.90% during the forecasted period. Qatar needs more facility management because of the government-led construction boom and the growing focus on green buildings.
Key HighlightsMicro- and macroeconomic factors limit market growth. While volatile oil prices are likely to impact the spending levels of end-users, the shortage of skilled labor and increasing labor costs prevent Facility Management companies from reaching their business goals.
Key Market TrendsPublic/ Infrastructure Sector Accounts for Significant GrowthFurther, the infrastructure push from the government is focused on providing more opportunities to local construction firms, with small-scale businesses expected to be the principal beneficiaries of nationwide development projects. This trend is expected to help create influential local facility management participants. With the availability of stronger local partners, the market is expected to attract foreign partners to continue to invest in large projects in a post-2022 scenario.
Increasing Emphasis on Green Building PracticesThe Facility Management Landscape is highly competitive, with several local and international players active in Qatar, such as Al Faisal Holdings (MMG Qatar), Sodexo Qatar Services, Al-Asmakh Facilities Management, G4S Qatar, and EFS Facilities Services. International FM 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 recent developments in the market are:
In October 2021, Al Asmakh Facilities Management and A to Z Services announced their intention to merge to create one sizeable integrated facility management company in Qatar. The merger will result in the combination of eight individual entities, four of which are from A to Z services, and AL Asmakh Facilities Management will contribute four.
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