(MENAFN– P&S Intelligence) The U.A.E. facility management market was USD 19.2 billion in 2023, which will rise to USD 39.5 billion, with a 10.9% CAGR, by 2030.
The growth is because of the developing tourism sector as well as the rising funding in the construction industry.
The development in the U.A.E.’s tourism sector is likely to play an important part in boosting this market.
In November 2022, the prime minister of Dubai introduced the UAE Tourism Strategy 2031, which comes under the “Projects of the 50” as one of the biggest projects of the next few years.
The strategy aims to strengthen the position of the U.A.E. as one of the best destinations in the world for tourists.
In recent years, there has been a significant increase in the number of mergers and acquisitions among facility management companies for their expansion and strengthening of services proposition and geographical reach, while driving their operational and…
