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 recognised 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 modernisation of existing stock in efforts to drive down operating costs.
Automation, technology and the digitisation 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.
*Source: P&S Intelligence