Market Research Report Building Management Services UAE,Facilities Manage | Page 8

July 2017 UAE Facilities Management Market Outlook to 2021 Executive Summary Facilities Management Market Outlook to 2021- Ken Research Ken Research latest Report on “UAE Facilities Management Market Outlook to 2021 - Growing Construction Industry and Increasing Mergers and Acquisitions to Foster Future Growth” provides a comprehensive analysis on the soft and hard facilities management market in UAE. The report covers various aspects including market overview, recent contracts in UAE facilities management market, value chain analysis, market Size, market Segmentation by Integrated Facilities Services, Bundled Services and Single Services, by in-house and outsourcing, Trends and Developments, SWOT Analysis, Vendor Selection Process, Competitive Landscape, Company Profiles of Major Players and Future Analysis along with list of major projects in pipeline. MARKET POTENTIAL The UAE facilities management market has surged from USD ~ million during 2011 to USD ~ million during 2016. Completion of major infrastructural projects including Al Reyadah Carbon-Capture Project by Abu Dhabi National Oil Company (Adnoc) and Masdar in 2016, Sheikh Rashid bin Saeed Crossing by Dubai Roads and Transport Authority (RTA) in 2015, Al Sufouh Tramway by Dubai Roads and Transport Authority (RTA) in 2014, Anantara Dubai The Palm Resort and Spa in 2013 and Dubai smile by Dubai Roads and Transport Authority (RTA) in 2012 fuelled the revenues of facilities management market between 2011 and 2016 at a robust CAGR of ~% during the same period. Growing tourism sector and the advent of latest techniques in various sectors further surged the demand for facilities services in the country, wherein market players earned significant revenues by catering to the needs of the population. MARKET SEGMENTATION By Hard and Soft Services Hard services dominated the overall facilities management market in the UAE in terms of revenues, contributing ~% to the market in 2016. Higher cost incurred by various sectors for hiring technically trained staff added to the overall market revenues, thereby making this segment acquire the majority share of the pie. Conversely, soft services which typically include cleaning, pest control, waste management, landscaping, security, reception services, concierge, valet services and archive management added ~% to the overall revenue generated by facilities management market in the UAE in 2016. By Integrated Facilities Services, Single Services and Bundled Services © Licensed product of Ken Research; should not be copied 8