June 11, 2008—The Project Manager of the United Arab Emirate’s Facilities Management Expo said the Middle East’s construction boom is fuelling the expansion of the facilities management industry, which is estimated to reach $580 million by 2013, Gulf News reported.
He said that the UAE has the biggest market, followed by Qatar, Bahrain and Kuwait. In the next 25 years, the facilities management industry is expected to expand to $704 billion in the UAE alone and $892 billion in the Arabian Gulf.
However, the $580 million does not include Saudi Arabia. Approximately, 60 percent of the amount is captured by the UAE and roughly 17 percent goes to Qatar, the second biggest market.
For more information, see the Gulf News Web site.
