The GCC facility management market is predicted to grow at 9.4% CAGR during the forecast period with the market size reaching USD 86.8 billion by 2024. Different services such as property, cleaning, environmental management, security, support, catering, and others (contract management, utility management, furniture supplies, and reception staffing) are majorly contributing to the facility management market size. The market has witnessed significant demand for property over the last few years due to its advantages such as minimal maintenance and repair price, reduced occupant turnover, support with taxes, rent collection, and small vacancy cycles. Download Free Report Sample At: https://www.vynzresearch.com/energy-power/gcc-facility-management-market/request-sample Geographically, Saudi Arabia is the largest and observed to witness significant growth is the facility management market as the region the tourism industry is increasing. In addition, expanding construction activities, and rapid urbanization are also driving the growth of the Saudi Arabia facility management market. Read More: https://www.vynzresearch.com/energy-power/gcc-facility-management-market Market players in the GCC facility management industry are investing capital to develop technologically advanced systems. In April 2017, Musanadah Facilities Management partnered with CoxGomyl, an exclusive distributor in Saudi Arabia, to implement its presence in Saudi Arabia. EMCOR Group Inc., Emrill Services LLC., United Facilities Management, Khidmah LLC, Cofely Besix Facility Management, Kharafi National, Interserve plc, Imdaad LLC, Musanadah Facilities Management Co. Ltd., and Farnek Services LLC are some of the key players offering solutions for facility management in GCC. Source: VynZ Research
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