Gulf facilities management revenue 'to hit $4bn'
Dubai, November 2, 2011
The facilities management (FM) industry in the Gulf is expected to gross revenues worth more than $4.2 billion (Dh15.4 billion) this year, mainly driven by demand from Saudi Arabia, Qatar and UAE.
The report by Frost & Sullivan on the Middle East facilities management market says that while the FM industry generated revenues of more than $3.8 billion in 2009, the industry is expected to grow more than 20 per cent every year for the next five years.
The report, however, cautions that in order to stay ahead of the curve and be successful, FM companies will have to implement best practices and adhere to forthcoming regulations laid down by Middle East Facilities Management Association (Mefma) and the Real Estate Regulatory Agency.
Suganya Rajan, research analyst, Frost & Sullivan, the author of the report, said: 'Despite a plethora of developments across the Middle East, facilities management in the region is still behind America and Europe. However, our research proves that the market is set to continue along a path of exponential growth and will be worth $8 billion by 2013.'
Supported by Mefma, IQPC's Facilities Management Middle East conference which will be held in Abu Dhabi from January 22 to 25, 2012, will specifically address these issues of implementing the best FM practices and adhering to regulations.
The conference will bring together key international and regional decision makers, government representatives, developers, main contractors and solution providers from the private and public sectors to discuss new and improved facilities management strategies.
'We will focus on some of the most essential issues and strategies within the FM sector and aim to make this one the most important facilities management events in the UAE. With topics ranging from regulatory compliance and operation to technology and sustainability, this will be the region's most informative facilities management event,' said Jeremy George, conference director, IQPC Middle East.
The conference includes contributions from Robert Tannoury, property director at Baniyas Investment & Development; Jeffrey Willis, associate director at Arup, Linda Engstrom, senior consultant, facilities services at Davis Langdon; Peter Nasrallah, acting director, operations & projects control at Musanada; Tim Bushell, director of engineering, Atlantis Palm Jumeirah; and Jyoti Sharma, senior architect, facilities and infrastructure, Abu Dhabi Education Council.
The four day event will also feature two workshop days led by world class FM experts who will focus on key topics on regulation and operation. – TradeArabia News Service