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Regional FM industry to hit $4.2bn this year

by CW Staff on Nov 2, 2011

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Rajan: Facilities Management industry expected to be worth $8bn by 2013.

The Middle East FM industry is expected to hit $4.2bn this year, says a report by Frost and Sullivan.

The report states that the industry, which generated revenues of more than $3.8bn when recorded in 2009, is expected to grow by more than 20% each year for the next five years but cautions that FM companies will need to implement best practice and adhere to MEFMA and RERA’s forthcoming regulations in order to stay ahead of the curve.

"Despite a plethora of developments across the Middle East, facilities management in the region is still behind America and Europe. However, our research proves that the market is set to continue along a path of exponential growth and will be worth $8bn by 2013," says Suganya Rajan, research analyst of Frost and Sullivan.

MEFMA’s Abu Dhabi Conference in January is expected to specifically address the issues behind implementing best practice and adhering to regulations.

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