Qatar Facility Management Market to Witness a CAGR of 16.4% during 2020–2030
The Qatar National Vision 2030 and the upcoming FIFA World Cup 2022 in the country are the key factors predicted to increase the revenue of the Qatar facility management market from $4,613.0 million in 2019 to $21,975.1 million by 2030, at a CAGR of 16.4% during the forecast period (2020–2030). Moreover, this growing market is currently witnessing the rising awareness regarding the protection of assets and increasing infrastructural development in the country. The service segment of the Qatar facility management market is categorized into property, cleaning, security, catering, support, environmental management, and others, which include reception staffing, utility management, furniture supplies, and contract management services. Of these, the property category held the largest market share in 2019 due to the rising demand for property management services to cater to the needs of the newly constructed buildings in Qatar. Qatar Vision 2030 and the upcoming mega events are boosting the ...