August 13, 2008—Boosted by the boom in commercial, retail and residential sectors and a strong demand for total facilities management (TFM), the regional market for bundled and total facilities management in the Middle East is expected to grow at a CAGR of 19.3% to cross AED 2.11 billion* according to UK’s CMPi, organizers of Working Buildings Middle East, which is scheduled to take place at the Abu Dhabi National Exhibition Centre on November 17 and 18, 2008.
“While the boom in construction is fuelling the growth, the main demand is from the luxury hotels and Multinational Corporations that are pushing the momentum in the Gulf region,” noted Chris Fountain, Group Director of CMPi, a company that promotes events, conferences, exhibitions and awards in the Middle East.
Fountain added that TFM in the region was historically taken into account only upon the post-construction stage of projects. “In recent times however, developers are starting to acknowledge the importance of integrating TFM at the earliest stage possible in order to prevent problems before they actually occur and hence TFM companies are now involved in the design stage of construction projects,” he stressed.
The GCC region’s investment in tourism, retail and business services has led to the massive growth in the construction of new high-end commercial, residential and retail establishments. Multibillion dollar mega-projects that involve mixed use of these sectors also exist in the region, the ownership structure of which normally involves consortia of MNCs and governments. Together with the extreme weather conditions that shorten the lifespan of buildings, these new developments open up opportunities for high-quality facilities management.
Working Buildings Middle East will provide a valuable opportunity for local and international companies to showcase their products and services to the increasingly important Middle East market. The new event has been designed to target all those involved in the management and maintenance of buildings and property. For more information, see the Working Buildings Middle East Web site and the CMPi Web site.
