FM Outlook in the UAE
The UAE’s Facilities Management market has demonstrated impressive growth, and is is projected to reach $24bn by 2024, witnessing a CAGR of 9.8% during 2019-2024.
The GCC market is growing
One of the primary drivers of this rise in value, is the estimated $629bn worth of UAE based construction contracts which are expected to be completed by 2021, including the ongoing preparations for Expo 2020 Dubai. Whilst significant new build projects are driving a portion of the FM industries growth its existing real estate stock where good FM is being recognized in driving down costs and extending asset life and relevance.
Particularly with big owner operators, total cost of ownership is being mentioned more frequently and is a C-Suite challenge that has gathered prominence over the last few years. The FMs are now increasingly important in driving new build design, efficient operational practices and the modernization of existing stock in efforts to drive down operating costs.
Automation, technology and the digitization of buildings with the rise of IOT are further examples of how leaders in FM are creating the next wave of efficient practices.
FM Expo will continue to work on developing the event content to ensure that it covers these and other critical areas and maintain its place as the biggest event for the region's building owners and operators.
MEGA PROJECTS DRIVING FM GROWTH:
EXPANSION OF AL MAKTOUM INT'L AIRPORT - PHASE 1, UAE
DUBAI EXHIBITION CITY - EXPO, UAE
SHEIKH JABER CAUSEWAY, UAE