GCC Facility Management Market � Analysis and Forecast (2019-2024)

Industryno112 Aug, 2021Business

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.