Facility Management Market Growth, Property Management Market Kuwait United Facilities Management Company | Página 2

rising requirement of concierge, man-guarding, maintenance and housekeeping services in commercial buildings and shopping complexes and professionalism in the management of all the facilities with increasing regards towards cleanliness. Increasing number of infrastructure projects such as Khairan Residential City, Sabah Al Ahmad Future City, Daiya real estate project, Silk City, Kuwait Cancer Center and others have resulted in the rising demand for facilities management services. Majority of the large & small organizations in the country outsource their non-core activities to the facilities management companies. The facilities management market in Kuwait is highly fragmented with the presence of number of small & large players. The industry competition is primarily based on price and the quality of service. The low cost of entry in the facility management services business further intensifies the marketplace, with firms facing competition from a large number of regional and local owner-operated companies, located mostly in key cities. The industry is largely dominated by giants such as Kharafi Nations, UFM, EPS, Fawaz group and others. The report titled “Kuwait Facility Management Market Outlook to 2021- Growing Retail Industry coupled and Upcoming Infrastructure Projects to drive market Growth” by Ken Research suggested a robust CAGR of 7.2% in revenue in facilities management market in Kuwait region in the next 5 years till 2021. Source: https://www.kenresearch.com/manufacturing-and-construction/real- estate/kuwait-facility-management-market/123148-97.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications [email protected] [phone]