Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Others)
Filter PR by
  
New MEFMA report forecasts FM industry revenues in the GCC to continue growing by 10 per cent annually
 

April 23, 2018: A report from the Middle East Facilities Management Association (MEFMA) confidently forecasts that revenues for the GCC region’s FM industry will continue to grow at 10 per cent annually for the next two years. The bullish outlook complements the region's thriving FM segment with local firms placing key focus towards further growing their core business lines. The statement, which is the result of a survey commissioned by MEFMA, attributes the expected growth to drivers like the increasing demand generated from the region's portfolio of construction projects and an expanded scope of work coming from existing clients.

The report entitled ‘Performance Benchmarking in the Facility Management Industry’ will be presented at MEFMA CONFEX Dubai 2018, which will be held from April 29 to April 30, 2018 at the Address Hotel in Dubai Marina. This year's event is being held under the theme, 'Sustainable FM industry through creative value-based innovations.'

“These are truly exciting times for the GCC region's FM industry as experts have predicted that revenues will continue to grow at a compounded annual growth rate (CAGR) of 10 per cent in the next two years--further fuelled by the continuously increasing number of projects in the GCC and the expanded scope of work presented by existing FM clients,” said Jamal Lootah, President, MEFMA. “We commissioned this report to showcase the immense potential of our region's FM industry and how FM companies today can play a significant role in sustaining this expected increase in revenues. True enough, the move towards further consolidating the FM market will also likely result in an increase in Mergers & Acquisitions--merging smaller FM companies with the larger and more reputable FM entities.”

The MEFMA report indicates the implementation of stronger focus across the core services of FM companies providing MEP, HVAC, janitorial, clean energy management, firefighting, rope access, duct & water cleaning services. The survey was completed by global consulting firm Protiviti and was conducted across 35 FM providers of varying workforce sizes across the UAE, Saudi Arabia (KSA) and Oman.

Sponsor for this year's edition of MEFMA Confex Dubai include Infor (Platinum), Apleona (Gold), Initial (Silver), Cofely Besix (Badge Sponsor), Chicago (Gift Sponsor), Dussman (Ecosystem Sponsor), ServeU (Integrated FM Sponsor) and Saned (Prevention & Safety Sponsor).


Posted by : Dubai PR Network Editorial Team
Viewed 9821 times
PR Category : Others
Posted on : Tuesday, April 24, 2018  9:21:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi National Takaful Co. PSC Announces a Combined Net ...
Next Story : ADNEC hosts Abu Dhabi familiarization trip for North America...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Police Is the Official Eyewear in Sony Pictures' “men in Black™: International” [7954-Views]
Michael Kors Celebrates Old Bond Street Townhouse With a Series of Events [6600-Views]
Discover the irresistible La Yuqawam Pour Femme Fragrance [6509-Views]
Make their Eid special this year with these perfect gifts! [5667-Views]
An essential guide to buying fragrance [5533-Views]
Eid Gift Guide Options [5307-Views]
Flormar's Three Beauty Essentials for Ramadan Nights [5063-Views]
Gift your loved ones a fragrance to remember this Eid by Rasasi Perfumes [4862-Views]
Rado True Thinline My Bird Limited Edition' [4843-Views]
SPF Must Haves – for everyday sun exposure! [4795-Views]
TAG Heuer launches 2 special editions to commemorate Indy 500 race - Carrera and Formula 1 [4648-Views]
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection' [4587-Views]
Tissot Chrono XL NBA Collector' [4557-Views]
6,000 worshippers prayed with Sheikh Saad bin Said Al-Ghamdi at Grand Mosque of Rashidiya ... [4410-Views]
Chronoswiss Flying Regulator Night and Day Limited Edition [4288-Views]
Carl F. Bucherer celebrates premiere of John Wick: Chapter 3 – Parabellum in New Yo... [4178-Views]
MOUAWAD: Wedding Sets 2019 [4099-Views]
HONOR Has Got You Covered This Eid With Multiple Gifting Options [4026-Views]
First Five Cities Revealed for New Call of Duty Esports League [3995-Views]
Longchamp Eyewear Introduces a New Sunglass Style Featuring the Brand's Signature Stripe ... [3959-Views]
V-Circle / Logomania Edition & Greca Edition [3739-Views]
The Ultimate Eid Gift Guide [3721-Views]
Dubai Customs discusses more cooperation with vegetable and fruit sector [3611-Views]
Karl Lagerfeld and Puma Introduce Two Special-Edition Sneakers [3605-Views]
Shop the new Elna Line Collection at The Edit [3593-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories