Kuwait Facility Management, Middle East Facility Management Middle East Facility Management | Page 8

June 2017
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How Facilities Management Market Is Positioned In Kuwait?
The Facilities management service
industry in Kuwait is at nascent stage.
The market has witnessed a robust
growth over past five years. The
Facilities management industry has
begun growing with the outsourcing
of soft services such as cleaning,
housekeeping and others in Kuwait.
Facilities
Management
is
a
management discipline that supports
and improves core company processes
and increases return on investment by
result-oriented use of resources,
services, and activities, vital to the
success of any organization. There are
several advantages stacked in the
favor of FM, including, cost
advantage, economies of scale, and
efficient management of facilities and
assets.
Facilities management market has
grown from USD ~ million in 2011 to
USD ~ million in 2016, growing at a
CAGR of ~% during the period. The
major growth drivers for the industry
are booming real estate market,
growing
construction
industry,
increasing number of shopping malls
&
super
markets,
expanding
hospitality sector and others.
The developments in the industry in
terms of technology have been
approaching people to move towards
adopting the Facilities management.
The market has transformed to a
greater extent since initially the idea
of integrate d Facilities management
was unfamiliar, however at the
present time the penetration of these
services has increased. The Facilities
management industry has been
emerged as one amongst the most
booming industries across India.
However, the availability of skilled
labour and cutting margins due to
high number of unorganized players
could pose a challenge to the growth
of this market.
The industry competition is primarily
based on price and the quality of
service. The low cost of entry in the
Facilities 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.
Figure: Kuwait Facilities Management Market Size on the Basis of Revenues
in USD Million, 2011-2016
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Pages: 74
Kuwait Facility Management Market Outlook to 2021
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2011
2012
2013
2014
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