The Kuwait Facility Management Market size is estimated to grow at a CAGR of around 9.26% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Kuwait Facility Management Market Driver:
Rapid Expansion of Infrastructure in Kuwait: The government is focusing on the development of social infrastructure including new cities and hospitals in the country. In recent years, the government has planned 35 infrastructure projects worth USD 51 billion to enhance the country’s economy. The projects include the construction of around 9,800 houses costing USD 3.3 billion. Similarly, in 2023, the Public Authority for Housing and Welfare announced the building of 250,000 housing units in ten years. The government also incorporated a public-private partnership model to bring 11,00- units of public housing under the Sabah Al-Ahmad project. Along with this, the South Al-Mutlaa City project is under construction and will have the capacity to house 28,000 families after completion.
Moreover, ongoing projects for other infrastructure development such as road and rail networks are leading to the increasing need for facility management services. The growing infrastructure in the country would increase the number of buildings, airports, rails, roads and more further increasing the demand for facility management services in the future, driving market growth.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Kuwait Facility Management Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Hard
- Soft
- Risk
- Administrative
- By Operating Model
- In-House
- Outsourced
- By Service Delivery
- Integrated
- Bundled
- Single Services
- By End Users
- Commercial
- Residential
- Government
- Retail
- Education
- Healthcare
- Hospitality
- Others
- By Enterprise Size
- Large
- Mid-Size
- Small
- By Region
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Al Jahra
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Baker Hughes Saudi Arabia Co, Halliburton Co Saudi Arabia, Schlumberger Middle East Sa, Saudi Arabia BASF, Dow Saudi Arabia, Aubin Ltd., Arkema Chemicals Saudi Arabia Company, The Solvay Group, Clariant Ali Al Abdullah Al Tamimi Company Ltd, Redachem United for Trading Ltd. and others are looking forward to strengthening their market positions.
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Kuwait Facility Management Industry Recent Development:
2024: Al Mulla Engineering and Jazeera Airways collaborated to provide Facilities Management of Terminal 5 in Kuwait. ProClean a subsidiary of AL Mulla company will provide Jazeera Airways with the latest innovative Facilities Management including soft services for the development of the Terminal 5 project. This collaboration will consequently support Al Mulla Engineering’s efforts in expanding its strategic partnerships network with leading companies to develop new projects in Kuwait.
2023: Al Mulla Group renewed its strategic partnership with INJAZ Kuwait. The company renews its partnership through various corporate contributions including logistical products and services, administrative support, and Office Automation Solutions to support the NGO’s vision of empowering Kuwaiti youths and developing their skills.
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