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Egypt Facility Management Market Revenue is expected to Grow Due to Inflow of Foreign Direct Investment and Increasing Tourism in the Country: Ken Research

Key Findings

The revenue from Integrated Facility Management is expected to more than double in the next five years.

The Facility Management Market in Egypt is expected to witness emergence of both local and global facility management service providers, due to high demand for the services in the future.

The revenue for Facility Management Industry from Outsourced Personnel is expected to increase by 89.75% in the next five years.

Improving Tourism: The government is working on enhancing its tourist destination sites to attract more tourists with an overall focus on improving the economic well-being of the country. The maintenance of these destination sites will lead to higher demand for facility management services in the country. The increase in the number of tourists will lead to the growth in the hospitality sector due to the construction of new hotels to cater to the demand.  This will ultimately increase the demand for housekeeping and security services in Egypt.

Growing demand for Integrated Facility Management: The demand for IFM is forecasted to increase in future majorly due to upcoming airport construction projects and increasing MNCs in the country. This will augment the demand for Integrated Services while creating space for more players to enter the facility management market.

Increasing Constructional Activities: The Egyptian real estate market has been highly resilient to the political and economic instability experienced in the country but removal of fuel subsidies and flotation of the Egyptian Pound have led to increasing costs for short term contractors and affecting the overall market. The country is also experiencing rapid urbanization with an aim to reduce income disparity and to uplift the economy. It is expected that the Residential Supply will increase by 55,000 units and the Commercial Office Supply will increase by 76,000 sqm mainly due to the construction activities around New Cairo. The construction of both residential and commercial units will lead to an increase in demand for Facility Management services in Egypt.

Analysts at Ken Research in their latest publication “Egypt Facility Management Market Outlook to 2023- By Soft Services (Housekeeping, Security, Landscaping and Others); Hard Services (Electromechanical and Operational Maintenance, Fire Safety and Security Systems and Civil Maintenance) and By End User Sectors (Industrial, Commercial, Residential and Others)” believe that the facility management market in Egypt will increase owing to growth in real-estate sector, increase in Foreign Direct Investment in the country and upcoming smart city projects. The market is expected to register a positive CAGR of 9.6 % in terms of revenue during the forecasted period 2018-2023E.

Key Segments Covered

By Type of Services

Soft Service

Hard Service

By Type of Soft Service

Housekeeping (including cleaning)

Security

Landscaping

Others

By Type of Hard Service

Electromechanical and Operational Maintenance (including HVAC)

Fire Safety and Security Systems

Civil Maintenance

By Integrated Facility Services, Bundled Services and Single Services

Single Service

Bundled Service

Integrated Facility Management

By Personnel Type

In-house Personnel

Outsourced Personnel

By End User

Industrial

Commercial

Residential

Others

Key Target Audience

Facility Management Companies

Facility Management Solution Providers

Consultancy and Advisory Firms

Real Estate Developers

Construction Companies

Hospitals and Schools

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023E

Companies Covered:

Contrack FM

Enova

EFS Facilities Management

IFMC – Apleona Group

Egypro-FME

CBRE

JLL

Qeema FM

G4S

Savills

ProService

Encorp Facility Management

Emdad Facility Management

Egypt Service

Key Topics Covered in the Report

Executive Summary

Research Methodology

Market Overview

Market Size, 2018

Market Segmentation, 2018

Trends and Development

Issues and Challenges

Regulatory Framework

SWOT Analysis

Competitive Landscape

Company Profiles of Major Players

Future Outlook and Projections, 2018-2023E

Future Segmentation, 2018 – 2023E

Analyst Recommendations

For more information, refer to below link:

Egypt Facility Management Market Outlook to 2023

Related Reports

Australia Facility Management Market Outlook to 2023 – by Single, Bundled and Integrated Services, by Soft (Cleaning, Security and Other Services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), by End User Sectors

Indonesia Facility Management Market Outlook to 2023 – by Single, Bundled and Integrated Services; by Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), by End User Sectors (Industrial, Commercial, Residential, Infrastructure and Others)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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