Middle East Facility Management, Kuwait Manned Security Services Kuwait Real Estate Development Facility Management | Page 2

industry in Kuwait has increased at a robust rate during 2011-2016, which clearly advocates that hospitality industry of the country is growing at a high pace. Increased number of tourists demand for clean premises with availability of technologically advanced facilities, which has subsequently escalated the demand of facilities management services in the country such as housekeeping, security, cleaning, electrical and mechanical services and many others. Moreover, Kuwait infrastructure market is expected to increase at robust rate. The number of upcoming projects especially in oil & energy sector, residential & commercial units, hotel industry and shopping malls will drive the economic growth of the country. Also, the expansion plans of many shopping malls (such as 360 malls) will amplify the demand for facilities management services. This will positively impact the demand for facilities management services in the country. Ken Research in its latest study, Kuwait Facility Management Market Outlook to 2021 suggested Kharafi Nations, UFM, EFS Facility Management and Fawaz group will continue their dominance but have to face fierce competition from the counterparts. The companies in the industry have plans to develop innovative services and acquire small players. Kuwait Facility Management market is estimated to register a positive CAGR during 2016- 2021. Growing construction industry, upcoming real estate and hotel projects, growing awareness about facilities management services will be the key drivers for the growth of the facilities management industry in the country. The report provided information on Kuwait facilities management market, market segmentation, future growth drivers & competitive landscape of major companies including Kharafi Nations, UFM, EFS and others. 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]