Across the Middle East, in Oman the facility management Market has observed the robust growth during the forecast duration, for instance, the market is still in its growth stage. The market is greatly disjointed with the great number of players functioning within the FM industry. The FM market in the recent past was registered by the soft services but the effective technological advancement and growing requirement for building maintenance have concluded in the growing requirement for hard amenities. The foremost growth drivers for the industry involve the boosting real estate market, increasing the construction industry, a growing number of shopping malls and supermarkets, enlarging the hospitality segment and aim at Green Building ranged to Vision 2030, generating choices for the FM services in the region.
The effective growth in the project-centered on tourism and the commercial segment have raised the requirement for soft and hard services in the region, leading to an enormous impact on the facility management market across the respective locations of the Middle East. The increasing inflow of foreign expatriates has also effectively obstructed the growth of the industry.
Whereas, by the soft and hard services, the facility management in Oman can be classified based on the services suggested that are hard services and soft services. Soft services registered the facility management market in Oman with a greater revenue share during the recent past years. The advancements of several segments involving real estate, hospitality, tourism, and healthcare have augmented the requirement for soft services in the city.
Furthermore, by the sector, in the Oman facility management Market, the commercial segment underwrote the wildest revenue share to the overall facility management industry. The facility management corporates have been delivering soft and hard services to commercial complexes over the years and the growth in this segment has generated great potential for FM corporates. The hospitality segment added their rational share in the revenues of the facility management. Contrariwise, the residential segment registered for the least revenue share of the FM market in terms of revenue in the recent past. Other segments involve Industrial plants, infrastructure projects, airports, and several other segments together underwritten to the overall facility management market in the recent past.
The basic services delivered under the hard services in the Bahrain Facility management market involve the fire safety and security systems demanded by all the segments in the Bahrain, technological functions and maintenance, electromechanical services and HVAS services. Since the consumer has to incur substantial expense for undertaking the hard services, this sector registered the market with the effective percentage revenues of the facility management services in the recent past years.
The Bahrain facility management market across the Middle East is greatly disjointed with the number of small and big players proposing hard and soft services in the region. Hence, it is anticipated that the market of facility management will increase across The Middle East over the coming years more enormously.
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