Report Description

Kuwait Facility Management market is anticipated to grow at robust CAGR during the forecast period. Kuwait is a wealthy oil-based economy that, like its neighbors, is trying to diversify, giving rise to its Vision 2035. Just like other countries, Kuwait has multiple projects in several sectors but not limited to residential and commercial, including either construction of new facilities or the expansion of existing ones.. Facility Management has many services that an individual/ group can use in daily life but is not limited to fire safety; cleaning; maintenance; security; logistics; environment; Heating, Ventilation, and Air Conditioning (HVAC) services. FM services are used in several sectors, such as residential, commercial, and industrial. FM services are also used in the private or public sector as they are also good for the lifetime value of the facility.

Kuwait Vison 2035 Propelling the Growth

  • Kuwait aims to be an international hub for finances and trade. The private sector shall have a major role in its transformation and efficiency. To maintain the beauty and growth of Kuwait, facility management shall have a major role in Kuwait’s growth.
  • Kuwait is looking to spend more than USD10 billion for the construction of the residential sector along with the construction of Silk City worth more than USD80 billion. With an increase in urbanization, the facility management market shall reach new heights. 
  • Kuwait Vision 2035 is focused on the overall development of the country, helping the country, which in turn gives the related markets such as real estate, facility management, and automobiles an edge to grow in the country.  

Latest Trends in Kuwait Facility Management Market
Most construction projects in Kuwait are driven by public spending. In 2019, Kuwait Integrated Petroleum Industries Company (KIPIC), awarded Veolia’s Middle East subsidiary, a contract to operate and maintain a refinery wastewater treatment plant in Al Zour, southern Kuwait. The contract also resulted in seven years of maintenance for Veolia which is worth USD63 million expecting the Facility Management market to grow.

Lack of Maintenance
Maintenance of equipment and facilities is a challenge the owner and company employees are not keen on. Using malfunctioned or outdated equipment hampers the facility, also resulting in the reduction of the lifespan of both the facility and equipment. Replacing and maintaining the equipment before any wear and tear is as important as keeping the facility.

Recent Developments

  • In 2020, ENGIE Service General Contracting for Buildings Company WLLl and Taiba Hospital partnered to introduce a new integrated facility management model. This includes integrated engineering, cleaning and security services, loss prevention, porter/attendant and valet services, waste management, pest control, landscaping, and laundry.
  • Al Mulla Group signed a partnership agreement with local non-profit INJAZ Kuwait to support its mission to prepare young Kuwaitis for success in the global economy. Building on three pillars of word readiness, financial literacy and entrepreneurship, these programs are designed to equip students with the knowledge, skills, and attitudes necessary to succeed in the private sector.


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Market Segmentation
Kuwait Facility Management market is segmented based on By Service, By End User, By Type, By Industry, By Sectors. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End User, the market is segmented into Commercial, Residential and Industrial. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others.

Market players
Major market players in the Kuwait Facility Management market are PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management  Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, , and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

       Service

       Type

       Industry

       End User

       Sectors

Regional scope

Kuwait City, Al Jahra, Al-Ahmadi, Hawalli, Others

Key companies profiled

PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customised purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Kuwait Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Kuwait Facility Management Market, By Service:

o   Property

o   Cleaning

o   Security

o   Support

o   Catering

o   Others

·         Kuwait Facility Management Market, By Type:

o   Hard Services

o   Soft Services

·         Kuwait Facility Management Market, By Industry:

o   Organized

o   Unorganized

·         Kuwait Facility Management Market, By End User:

o   Commercial

o   Residential

o   Industrial

o   Public Sector

·         Kuwait Facility Management Market, By Sectors:

o   Education

o   Healthcare

o   Real Estate

o   Banking

o   Hospitality

o   Housing

o   Others

·         Kuwait Facility Management Market, By Region:

o   Kuwait City

o   Al Jahra

o   Al-Ahmadi

o   Hawalli

o   Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Kuwait Facility Management market.

Available Customizations:

Kuwait Facility Management market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players.

The Kuwait Facility Management market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Kuwait Facility Management Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Overall Brand Awareness Level

5.2.  Brand Awareness Level wrt Availability

5.3.  Brand Awareness Level wrt Mode of Distribution

5.4.  Brand Awareness Level wrt Pricing

5.5.  Brand Awareness Level wrt Sales Service

6.    Kuwait Facility Management Market Outlook

6.1.  Industry Structure & Stakeholders

6.2.  Porter’s Five Force Analysis

6.3.  Market Size & Forecast

6.3.1.                By Value

6.4.  Market Share & Forecast

6.4.1.           By Service (Property, Cleaning, Security, Support, Catering & Others)

6.4.2.           By Type (Hard Services and Soft Services)

6.4.3.                By Industry (Organized and Unorganized)

6.4.4.                By End User (Commercial, Residential, Industrial and Public Sector)

6.4.5.                By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)

6.4.6.                By Region

6.4.7.                By Company

6.5.  Kuwait Facility Management Market Map

7.    Kuwait Property Management Market Outlook

7.1.  Market Size & Forecast

7.1.1.                By Value

7.2.  Market Share & Forecast

7.2.1.                By Type

7.2.2.                By Industry

7.2.3.                By End User

7.2.4.                By Region

8.    Kuwait Cleaning Management Market Outlook

8.1.  Market Size & Forecast

8.1.1.                By Value

8.2.  Market Share & Forecast

8.2.1.                By Type

8.2.2.                By Industry

8.2.3.                By End User

8.2.4.                By Region

9.    Kuwait Security Management Market Outlook

9.1.  Market Size & Forecast

9.1.1.                By Value

9.2.  Market Share & Forecast

9.2.1.                By Type

9.2.2.                By Industry

9.2.3.                By End User

9.2.4.                By Region

10. Kuwait Support Management Market Outlook

10.1.   Market Size & Forecast

10.1.1.             By Value

10.2.   Market Share & Forecast

10.2.1.             By Type

10.2.2.             By Industry

10.2.3.             By End User

10.2.4.             By Region

11. Kuwait Catering Management Market Outlook

11.1.   Market Size & Forecast

11.1.1.             By Value

11.2.   Market Share & Forecast

11.2.1.             By Type

11.2.2.             By Industry

11.2.3.             By End User

11.2.4.             By Region

12. Market Dynamics

12.1.   Drivers

12.2.   Challenges

13. Market Trends & Developments

14. Policy and Regulatory Landscape

14.1.   Historical Evolution of Regulation

14.2.   Current Guidelines

14.3.   Licensing / Certification Requirements

15. Kuwait Economic Profile

16. Kuwait Facility Management Market, Upcoming Mega Projects Driving Growth

17. Facility Management Value Chain

18. Key Pain Points for Customers & Facility Management Companies

18.1.   Key Pain Points for Customers

18.2.   Key Pain Points for Facility Management Companies

19. Kuwait Facility Management Market, Key Stakeholders

20. Major Clients of Leading Players

21. Company Profiles

21.1.   PIMCO Kuwait

21.1.1.             Business Overview

21.1.2.             Key Revenue and Financials (If available)

21.1.3.             Recent Developments

21.1.4.             Key Personnel

21.1.5.             Key Product/Services

21.2.   Kharafi national FM

21.2.1.             Business Overview

21.2.2.             Key Revenue and Financials (If available)

21.2.3.             Recent Developments

21.2.4.             Key Personnel

21.2.5.             Key Product/Services

21.3.   EcovertFM Kuwait

21.3.1.             Business Overview

21.3.2.             Key Revenue and Financials (If available)

21.3.3.             Recent Developments

21.3.4.             Key Personnel

21.3.5.             Key Product/Services

21.4.   Al Mazaya Holding Company KSCP

21.4.1.             Business Overview

21.4.2.             Key Revenue and Financials (If available)

21.4.3.             Recent Developments

21.4.4.             Key Personnel

21.4.5.             Key Product/Services

21.5.   ENGIE Services General Contracting for Buildings Company WLL

21.5.1.             Business Overview

21.5.2.             Key Revenue and Financials (If available)

21.5.3.             Recent Developments

21.5.4.             Key Personnel

21.5.5.             Key Product/Services

21.6.   United Facilities Management Company K.S.C.C

21.6.1.             Business Overview

21.6.2.             Key Revenue and Financials (If available)

21.6.3.             Recent Developments

21.6.4.             Key Personnel

21.6.5.             Key Product/Services

21.7.   Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim)

21.7.1.             Business Overview

21.7.2.             Key Revenue and Financials (If available)

21.7.3.             Recent Developments

21.7.4.             Key Personnel

21.7.5.             Key Product/Services

21.8.   Al Mulla Group

21.8.1.             Business Overview

21.8.2.             Key Revenue and Financials (If available)

21.8.3.             Recent Developments

21.8.4.             Key Personnel

21.8.5.             Key Product/Services

21.9.   Tanzifco Company W.L.L

21.9.1.             Business Overview

21.9.2.             Key Revenue and Financials (If available)

21.9.3.             Recent Developments

21.9.4.             Key Personnel

21.9.5.             Key Product/Services

21.10. O&G Engineering W.L.L

21.10.1.           Business Overview

21.10.2.           Key Revenue and Financials (If available)

21.10.3.           Recent Developments

21.10.4.           Key Personnel

21.10.5.           Key Product/Services

22.  Strategic Recommendations

22.1.   Key focus on the Soft Service segment

22.2.   Major focus on the Unorganized Segment

23. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Service, Type, Industry, End-User and Sector are the leading sectors in Kuwait Facility Management Market.

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Some services of Hard FM include building fabric maintenance, lighting & power issues, escalator service and civil & carpentry work whileSoft FM includes services like e catering, waste management, landscaping and handyman service.

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PIMCO Kuwait, Kharafi national FM, EcovertFM Kuwait, Al Mazaya Holding Company KSCP, ENGIE Services General Contracting for Buildings Company WLL, United Facilities Management Company K.S.C.C, Alghanim International General Trading & Contracting Co. W.L.L. (Falghanim), Al Mulla Group, Tanzifco Company W.L.L, O&G Engineering W.L.L.

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Maintenance is only for short term i.e., running things on a day-to-day basis while facility management is done for long term.

profile

Srishti Verma

Business Consultant
Press Release

Property Sector to Dominate the Kuwait Facility Management Market in the Forecast Period

Dec, 2022

Government initiatives, along with a growing number of projects in real estate, are propelling the Kuwait Facility Management Market growth in the forecast period.