Dubai World chairman Sultan Ahmed Bin Sulayem on his way to the launch of FM Expo at the end of May.
An industry expert has lavished praise on the fortunes of the facilities management sector in the Middle East by claiming that the construction boom has made the industry almost recession-proof.
“Many analysts have pointed at the precarious state of the real estate market in the UAE, whether it’s due to the number of expatriates leaving, the additional 60-70,000 residential units being added to the market by 2011 or the issue of falling property values,” said Louisa Theobald, group exhibitions director of Streamline Marketing Group.
“However, whether a building is full or empty it needs to be managed. That makes facilities management almost recession proof in this market due to the sheer size of the construction boom over the last five years,” she added.
Theobald was speaking after the successful conclusion of FM Expo, where there was a 30% rise in the number of international firms exhibiting and where visitor footfall rose by a quarter.
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