Market Research Report Facility Management Services in Qatar,Facility Man | Page 7

July 2017
Qatar Facilities Management Market Outlook to 2021
WHAT IS THE POTENTIAL OF QATAR FACILITIES
MANAGEMENT MARKET?
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The advent of latest techniques in
various sectors surged the demand for
facilities services in the country,
wherein market players earned
significant revenues by catering to the
needs of the population through their
portfolio of hard services. Completion
of major infrastructural projects
including the construction of Doha
Central Grand Park in 2011, Museum
of Islamic Art Park in 2012 and
expansion of The Pearl led to the
growth of the facilities management
market between 2011 and 2013 as such
projects required both hard and soft
services for development purposes.
Facilities Management market in
Qatar increased to USD ~ million in
2013 from USD ~ million in 2011 at a
CAGR of ~% during the same period.
Rising share of hard services in the
revenues of the overall market,
typically due to the increasing
demand for HVAC services has been
the major driving factor which has
augmented the growth of facilities
services in Qatar during 2011-2016.
Facilities management market in the
Qatar increased to USD ~ million in
2016 from USD ~ million in 2011,
marking a robust CAGR of ~% during
the same period. Establishment of The
Sheraton
Park,
Sidra
Medical
Research Centre and Western Green
Spine in Doha between 2014 and 2016
raised the demand for facilities
services providers in the country,
which offered manpower and other
technical resources to the developers.
The growing GDP of Qatar made the
country to be positioned among the
top ten fastest growing economies of
the world in 2016. This invited
international players to invest in
various sectors of the nation, thereby
leading to the growth of the overall
facilities management market during
the same period.
Figure: Qatar Facilities Management Market Size on the Basis of Revenues in
USD Million and Growth Rate in Percentage (%), 2011-2016
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Pages: 84
2011
2012
2013
2014
2015
1,600.0
2016
12.0%
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