Growth in Infrastructural Projects due to Green Building Initiative & Rising Competition are Key drivers for the Facilities Management Market in Oman: Ken Research
Posted on 20 July 2017 by KenResearch Manufacturing And Construction,
The supreme council for planning has formed a committee in Oman to develop comprehensive green design code for Oman in adherence to GCC building code. The construction of such buildings has increased the demand for facilities management in the country. This green building concept will not only boost the construction industry but the FM industry also because new buildings will demand various hard and soft facilities; which shall be contracted in the form of bundled, single or integrated as per client’s requirement.
The facilities management market in Oman is fragmented with rising competition from various players entering the market. There are various players operating in Oman FM industry with no company having major revenue share. Major companies provide contracts on the basis of single services, integrated services or bundled services based on the requirement of the client. This has a positive impact on the facilities management market by increasing the awareness due to rise in suppliers and elevated revenue generation by this industry. The market has space for various acquisitions and mergers which will have a positive impact on the industry through the emergence of leading players. Remas Group of Companies provides soft FM services in the market whereas EMCC, Majan Group and Al Ansari Engineering Services focus on hard services. OIG, Como Facilities Management Services, QBG, EFS, BEG, Interserve, London Cleaning and Maintenance, OSCO, Al Naba, Genecto, Delaware Contracting and Technical services LLC and Bait al Osool Real estate provide both soft and soft services in Oman FM market.
The report titled “Oman Facility Management Market Outlook - Growth in Hospitality and Commercial Sector to Push Demand for Facility Management Service” by Ken Research suggests a robust CAGR of 7.9% in revenue terms for the facilities management market in Oman in the next 5 years till 2021.
Ankur Gupta, Head Marketing & Communications