Outsourced FM predicted to reach $10bn by 2012

A study conducted by Arab Business Review reveals the outsourced facilities management sector in the GCC is expected to reach $10 billion by 2012.

A study conducted by Arab Business Review reveals the outsourced facilities management sector in the GCC is expected to reach $10 billion by 2012.

Although due to the current economic realignment some property projects have been put on hold, the maintenance of existing buildings continues to offer facilities management companies substantial opportunities, said Emcor Facilities Services Group CEO Christian Roberts.

“Buildings need to be maintained, they need to be looked after. All the big developers understand the value of facilities management,” said Roberts, “and we are still aiming to hit $1 billion in turnover by 2013.”

With construction work on several ongoing projects nearing completion, Dubai alone is set to contribute 60,000 new units in 2009 and a further 37,000 in 2010. Demand for furniture, fixtures and fitting will in turn grow at around 20 per cent during 2009 said analysts.

“We are expecting 2009 to be as robust as 2008 and 2007,” said Vanitha SV, marketing manager at flooring provider In Step Trading. “The industry has been growing at 20 per cent during the last few years, and we’re expecting that to increase for 2009.”
 

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