UAE Facilities Management to hit Dh2.5trillion in 25 years
In the next 25 years, the UAE will account for some Dh2.5 trillion out of the Dh3-trillion GCC (Gulf Cooperation Council) market for facilities management, an emerging market in the Middle East seeing tremendous growth due to the booming construction sector.
Saudi Arabia will account for Dh352 billion of the total GCC market while Qatar is set to get a share of Dh337 billion, according to UK-based Macdonald and Company, quoting research by the Middle East Strategy Advisors (MESA).
Saudi Arabia will account for Dh352 billion of the total GCC market while Qatar is set to get a share of Dh337 billion, according to UK-based Macdonald and Company, quoting research by the Middle East Strategy Advisors (MESA).
A leading recruitment consultancy solely for the property industry, Macdonald said it will take advantage of such growth through an extensive database of 60,000 employable individuals from across the globe and a team of consultants with good knowledge of the market.
It said in a Press statement that the surge in the market facilities management market began in the later part of 2006 due to the need by developers and investors to sustain quality and control maintenance costs long after the completion of projects.
It also said property developers are now aware of the need for an outsourced facilities management team, prompting a high demand for professionals and service providers in the sector.
"A developer with the right facilities management team will be able to achieve crucial maintenance of the high quality standards of its buildings," said William Buck, international director at Macdonald. "And efficient facilities management is also a way of ensuring customer satisfaction, making it a valuable edge over competitors."
Danielle Le Faucheur, senior consultant at Macdonald, said the traditional practice in the Middle East is that landlords, owners and managers handle the management of real estate properties, resulting in the lack of focus on the way integrated facilities are being handled.
La Faucheur added: "With the shift to a modern concept in facilities management and the continuing construction boom, we expect a heightened demand for practitioners and service providers in this sector."
It said in a Press statement that the surge in the market facilities management market began in the later part of 2006 due to the need by developers and investors to sustain quality and control maintenance costs long after the completion of projects.
It also said property developers are now aware of the need for an outsourced facilities management team, prompting a high demand for professionals and service providers in the sector.
"A developer with the right facilities management team will be able to achieve crucial maintenance of the high quality standards of its buildings," said William Buck, international director at Macdonald. "And efficient facilities management is also a way of ensuring customer satisfaction, making it a valuable edge over competitors."
Danielle Le Faucheur, senior consultant at Macdonald, said the traditional practice in the Middle East is that landlords, owners and managers handle the management of real estate properties, resulting in the lack of focus on the way integrated facilities are being handled.
La Faucheur added: "With the shift to a modern concept in facilities management and the continuing construction boom, we expect a heightened demand for practitioners and service providers in this sector."
posted by bizzwhizz at 10:22 PM
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