Kuwait Facility Management Market Size & Insights
According to MarkNtel Advisors study The future of Kuwait Facility Management Market is estimated to grow at a CAGR of around 9.26% during the forecast period, i.e., 2025-30. Initiatives & efforts by the government toward diversifying its economy from the traditional oil export service sector to non-oil sectors are propelling the growth of the market in the country.
What are the Key Driver in the Kuwait Facility Management Market?
Rapid Expansion of Infrastructure in Kuwait: The government is focusing on the development of social infrastructure including new cities and hospitals in the country. In recent years, the government has planned 35 infrastructure projects worth USD 51 billion to enhance the country’s economy. The projects include the construction of around 9,800 houses costing USD 3.3 billion. Similarly, in 2023, the Public Authority for Housing and Welfare announced the building of 250,000 housing units in ten years. The government also incorporated a public-private partnership model to bring 11,00- units of public housing under the Sabah Al-Ahmad project. Along with this, the South Al-Mutlaa City project is under construction and will have the capacity to house 28,000 families after completion.
Moreover, ongoing projects for other infrastructure development such as road and rail networks are leading to the increasing need for facility management services. The growing infrastructure in the country would increase the number of buildings, airports, rails, roads and more further increasing the demand for facility management services in the future, driving market growth.
What are the Key Segments in the Kuwait Facility Management Market?
The Kuwait Facility Management is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Type
- Hard
- Soft
- Risk
- Administrative
- By Operating Model
- In-House
- Outsourced
- By Service Delivery
- Integrated
- Bundled
- Single Services
- By End Users
- Commercial
- Residential
- Government
- Retail
- Education
- Healthcare
- Hospitality
- Others
- By Enterprise Size
- Large
- Mid-Size
- Small
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How does geographical analysis highlight in the Kuwait Facility Management market?
- By Region
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Al Jahra
Who are the Key Players in Kuwait Facility Management Market?
RS Public Facilities Management W.L.L, PIMCO, EFS Facilities Services, Al Mazaya Holding Company, Tanzifco, Fawaz Group, O&G Engineering W.L.L., Bouygues Energies and Services, Kharafi National FM, and EcovertFM and others
Kuwait Facility Management Market News
2024: Al Mulla Engineering and Jazeera Airways collaborated to provide Facilities Management of Terminal 5 in Kuwait. ProClean a subsidiary of AL Mulla company will provide Jazeera Airways with the latest innovative Facilities Management including soft services for the development of the Terminal 5 project. This collaboration will consequently support Al Mulla Engineering’s efforts in expanding its strategic partnerships network with leading companies to develop new projects in Kuwait.
2023: Al Mulla Group renewed its strategic partnership with INJAZ Kuwait. The company renews its partnership through various corporate contributions including logistical products and services, administrative support, and Office Automation Solutions to support the NGO’s vision of empowering Kuwaiti youths and developing their skills.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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