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Middle East Facilty Managment industry valued at US$892bn
4 February 2008

The FM market in the Arabian Gulf will be worth an estimated $892bn over the next 25 years, according to research on the potential value of the GCC's facilities management industry by Glen Osmond and Alexis Dijksterhuis, Managing Partner and Executive Manager respectively at Middle East Strategy Advisors (MESA).

The figures published in a research paper by the two break down the values in different markets with UAE potentially worth $704bn, with Saudi Arabia worth $96bn and Qatar at $92bn.

Agata Pawlik, Project Manager, Streamline Marketing Group, organiser of FM EXPO and of a number of recently established property fairs in the region, said, 'Facilities management is gathering more attention as new mega construction projects are being developed and this requires the early involvement of the FM in development projects. Proper strategy and planning at the outset of a project significantly reduces life cycle costs and leads to a building's sustainability".

In a press release Streamline indication that while FM is still a relatively new concept in the Middle East, experts predict that the industry will eventually outstrip the region's booming construction business. RFP

 

 

     

ISSN 1994-9464
Key title: RFP magazine
Abbreviated key title: RFP mag.

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