Media Releases

Bahrain FM Market has grown at a significant pace over the years, owing to augmented demand for both hard and soft services by all sectors of the country. This has given a boost to the revenues of existing market players. The growing market has also opened up opportunities for new entrants in the space, wherein smaller players are often considered important revenue generators for outsourced services. Increasing number of infrastructural projects in both government and private sector of Bahrain is the major reason behind the continuous growth of facilities management market in the country.

The emergence and entry of foreign players in the service market of the kingdom has posed a threat to the local contractors which face stiff competition both in terms of quality and price. This dominance of world-class players including G4S, EFS Facilities Services and Cluttons has raised the service requirements of the customers due to the existence of multiple hard and soft services in their portfolio. The growing economy of Bahrain is witnessing an increase in the number of acquisitions and joint ventures among the facilities management companies in the country. This is due to the rapid infrastructural developments in the country. Facility Management Companies have joined hands with other existing and new market players to better service the client. In 2013, Bahrain Airport Company (BAC) fully acquired Hochtief Facility Management Bahrain (HTFMBA), which was earlier a joint venture between BAC and Hochtief.

The companies in the industry are also giving emphasis on offering personalized services to the clients, that support the new ways of working & are more fit-for-purpose. These personalized services will go beyond managing assets and systems. Customer requires that the service provider understand their business and train the front-line service employees to deliver on this understanding.

Ken Research announced its latest publication on “Bahrain Facilities Management Market Outlook to 2021 – Growth in Retail Sector and Demand for Hard Services to Drive Market Growth” which suggested a rapid growth in Bahrain Facilities Management, market majorly driven by expanding real estate and construction industry in the country. Technological advancements and the growth of retail sector are attracting large number of companies to opt for facilities services in Bahrain.

Source: https://www.kenresearch.com/manufacturing-and-construction/real-estate/bahrain-facility-management-market/127376-97.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

• Growing Commercial and retail sector in the country will create huge growth opportunities for facilities management services providers.
• Upcoming hotels in the country will drive the demand for facilities management solutions.
• Growth in healthcare industry will further increase the demand for facilities management services.

The hospitality industry in Oman has been growing over the years with the rise in hotels and hospitals in the country due to increasing inflow of expats. This has a positive impact on the hard facilities management services market. It is estimated that by 2020, the number of hotels in the country will amount to more than 20,000, owing to country’s tourism growth. The new hospitals, medical centers and clinics in the pipeline due to Oman’s Health Vision are expected to create opportunities for hard FM services industry and increase the demand in the coming year. There are various projects in pipeline including Sundus Rotana, Al Irfan International Hotel, Muttrah, Intercontinental Tilal Muscat, Four Star Hotel in Al Khuwair, Three stars Hotel in Duqm, Jumeirah Saraya Bandar Jissah Boutique Hotel and JW Marriott Hotel.

The commercial sector in Oman has been growing in recent years and is expected to grow further with the 9^th Five Year Development plan and Vision 2020 of the country. Industrial sector has given a boost to the commercial sector in Oman with various projects developing in this sector, having a positive impact on the Oman Facilities Management market. Moreover the rising retail sector is one of the growth drivers for growth in the commercial sector. The increase in the number of commercial projects has led to increasing demand for facilities management services in the country. Few projects in pipeline include Palm mall, Ocean mall and Mall of Oman.

Ken Research in its latest study, Oman Facility Management Market Outlook to 2021 suggested the facilities management market in Oman is fragmented and still in a nascent stage which provides immense opportunity to global and local players to tap the market with technology advancements in the FM industry. This will further lead to various acquisitions and mergers in this industry making a positive impact on the market in terms of revenue generation.

Oman facilities Management market is estimated to register a positive CAGR during 2016-2021. Growing construction industry, increase in commercial and residential sector, growing awareness about facilities management services will be the key drivers for the growth of the facilities management industry in the country.

The report provided information on Oman facilities management market, Market segmentation of Oman facilities management, Future growth drivers & competitive landscape of few companies including Renaissance CSG, OIG, Como Facilities Management Services, QBG and EFS.

Source: https://www.kenresearch.com/defense-and-security/security-devices/uae-electronic-security-market/94351-16.html

Related Reports by Ken Research

India Facility Management Market Outlook to 2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities

UAE Facilities Management Market Outlook to 2021 - Growing Construction Industry and Increasing Mergers and Acquisitions to Foster Future Growth

Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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.

Source: https://www.kenresearch.com/manufacturing-and-construction/real-estate/oman-facility-management-market/127107-97.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249