“Focus on smart city development, new infrastructure developments, focus on tourism and hospitality are Major Factor Contributing towards development of Facility Management Services in Kuwait”
Major Developments: The Kuwaiti government has struck a $495-million deal with the private sector for the development of industrial, residential, and warehousing infrastructure, which is also acting as a key growth driver for facility management market in Kuwait. The large-scale construction of hospitals and tourist attractions is driving the demand for facility management as these services are essential at these places for attracting visitors.
Sustainability: Providing new infrastructure, appropriate legislation and enabling a business environment conducive to development and providing controls and climate to ensure total and balanced human resource development. Aiming on consolidating the values of society, preserving its identity, as well as achieving justice, political participation and freedoms.
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Technical Skills: The main constraint in the Kuwaiti facility management sector is the lack of qualified technical resources. As facility management is a labor-intensive industry, the recruitment of professional workers is a challenge for service providers. This complicates the work of these firms, as their programs are entirely workforce-based.
Analysts at Ken Research in their latest publication “Kuwait Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” observed that Facility Management Services market is an emergent healthcare market in Kuwait. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The Kuwait Facility Management is expected to grow at a robust CAGR of 8.9% over the forecasted period of 2021-2026F.
Key Segments Covered in the report: -
Kuwait Facility Management Market
By Type of Service
Soft Service
Hard Service
By Hard Service
Electromechanical Services
Operations and Maintenance Services
Fire Safety and Security Systems
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By Soft Service
Housekeeping
Security
Landscaping
Others
By Integrated Facility Services, Bundled Services and Single Services
Bundled services
Single services
Integrated facility management (IFM)
By End User
Commercial
Industrial
Residential
By Personnel
In-House Personnel
Outsourced Personnel
Key Target Audience:-
Factories
Plants and Industries
Hotels
Hospitals
Malls
Companies and offices
Tourism Agencies
Government Bodies & Regulating Authorities
Facility Management companies
Real estate companies
Time Period Captured in the Report:-
Historical Period: 2016-2021
Forecast Period: 2021-2026F
Companies Covered:-
Kharafi National
United Facility Management
EFS Facility Management Services
Fawaz Group
O&G Engineering W.L.L.
EcovertFM Kuwait
Al Mazaya Holding Company
Al-Awsat United Real Estate Co.
ONE FM
PIMCO
Gulf Engineering Company K.S.C.C
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Key Topics Covered in the Report:-
Executive Summary: Kuwait Facility Management Market, 2016-2026F
Kuwait Facility Management Market Size by Revenue, 2016-2026F
Kuwait Population Analysis, 2021
Kuwait Demographic Analysis, 2021
Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020
Business Cycle and Genesis of Kuwait Facility Management
Business Acquisition Process in Kuwait Facility Management Market
Supply Side Ecosystem
Kuwait Real Estate Market Overview, 2021
Kuwait Rental Market Overview, 2021
Kuwait Housing Loan Market, 2021
Kuwait Hospitality Market Overview, 2021
Kuwait Retail Market Overview, 2021
Supply Side Ecosystem - Maintenance (Hard FM)
Supply Side Ecosystem - Cleaning and Security
Supply Side Ecosystem - Waste Management
Supply Side Ecosystem - Integrated FM
Kuwait Facility Management Market Segmentation
SWOT Analysis of Kuwait Facility Management Market
Key Growth Drivers in Facility Management Market in Kuwait
Trends and Developments in Kuwait Facility Management Market
Kuwait Facility Management Market Major Technological Trends, 2021
Regulatory Landscape of Kuwait Facility Management Market
Types of Contracts in Kuwait Facility Management Market
Competition Scenario in Kuwait Facility Management Market
Cross Comparison of Major Projects in Kuwait Facility Management Market
Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
Best Practices for Improving Facility Services
Operational Strategies for Facility Management Market in Kuwait
Growth Strategies of Kuwait Facility Management Market
For more insights on the market intelligence, refer to the link below: -
Kuwait Facility Management Market Analysis
Related Reports by Ken Research: -
Qatar Facility Management Market Outlook
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