Category: Technology

The Middle East facility management market is expected to grow at a CAGR of approximately 15% due to increased construction activity and heavy demand from transportation, education and government agencies in the region. The Middle East is known for its crude oil production. Therefore, in order to reduce their dependence, the region is more focused on infrastructure development to generate more income. In addition, foreign investment in services sectors such as tourism, BFSI and entertainment is growing rapidly, supporting the growth of the facility management market in the Middle East. In addition, various initiatives for social welfare, such as health care and affordable housing by governments in the Middle East, are creating growth opportunities in the facility management market.