Facility Management Market in GCC Set for Prosperity in Saudi Arabia in Future
The Gulf Cooperation Council facility management market advance is propelled by the factors such as the soaring demand for facility management services for industrial units, commercial and residential buildings, and civil infrastructure units, and the increasing desire of governments to develop other sectors through plans like the Saudi Vision 2030, the U.A.E. Vision 2021, the Kuwait National Development Plan, and the Qatar National Vision 2030. These factors will, therefore, accelerate the market at a CAGR of 10.1% during 2020–2030. Moreover, expansion of the construction sector in the GCC countries, on account of surging tourism activities and favorable economic conditions, will fuel the adoption of facility management services in the coming years. As a part of different strategic visions, such as the Qatar National Vision 2030 and the U.A.E. Vision 2021, the GCC member nations are allocating high budgets to the construction sector. Additionally, the increasing concentration of...