1. The Kuwait hotel and restaurant sector is suffering from a shortage in the number of specialized workers including delivery services, due to the continued closure and prevention of recruitment from abroad.
The hospitality industry is undergoing a pivotal digital transformation. In the hotel sector, the full customer journey has been digitized; from researching venues and destinations to making price comparisons and purchases. Kuwait’s hospitality market is smaller when compared to some of its GCC neighbors, but slow and steady seems to be the mantra of the country’s hoteliers. The number of hotel keys in Kuwait approached to 89,000 by the end of 2021. Also, Hilton Kuwait Resort and Jumeirah Messilah Beach Hotel & Spa have had notable arrivals in the recent months.
2. Lack of awareness amongst end users, Labor issues, return of migrants to home countries during COVID-19, are major challenges for Kuwait Facility Management Market
In Kuwait, FM is considered as an expense and not as something that helps support the core business and increase revenues over the lifecycle of the business. A decrease in employment rate of migrant population or reduction in wages is likely to have a direct impact on industry. Most of labors engaged in construction and related sectors are working on temporary work visas.
3. Kuwait Vision 2035, Technological advancement, Increased Public Spending on infrastructure and Sustainability are major growth factors driving the Kuwait Facility Management Market
Restore the regional leadership role of Kuwait as a financial and commercial hub, and reviving the pivotal role of the Kuwaiti private sector in the leadership of development. Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.
Key Segments Covered in the report: –
Kuwait Facility Management Market
By Type of Service
- Soft Service
- Hard Service
By Hard Service
- Electromechanical Services
- Operations and Maintenance Services
- Fire Safety and Security Systems
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By Soft Service
- Housekeeping
- Security
- Landscaping
- Others
By Integrated Facility Services, Bundled Services and Single Services
- Bundled services
- Single services
- Integrated facility management (IFM)
By End User
- Commercial
- Industrial
- Residential
By Personnel
- In-House Personnel
- Outsourced Personnel
Key Target Audience:-
- Factories
- Plants and Industries
- Hotels
- Hospitals
- Malls
- Companies and offices
- Tourism Agencies
- Government Bodies & Regulating Authorities
- Facility Management companies
- Real estate companies
Time Period Captured in the Report:-
Historical Period: 2016-2021
Forecast Period: 2021-2026F
Companies Covered:-
- Kharafi National
- United Facility Management
- EFS Facility Management Services
- Fawaz Group
- O&G Engineering W.L.L.
- EcovertFM Kuwait
- Al Mazaya Holding Company
- Al-Awsat United Real Estate Co.
- ONE FM
- PIMCO
- Gulf Engineering Company K.S.C.C
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Key Topics Covered in the Report:-
- Executive Summary: Kuwait Facility Management Market, 2016-2026F
- Kuwait Facility Management Market Size by Revenue, 2016-2026F
- Kuwait Population Analysis, 2021
- Kuwait Demographic Analysis, 2021
- Kuwait Oil and Non-Oil Quarterly Real GDP growth,2017-2020
- Business Cycle and Genesis of Kuwait Facility Management
- Business Acquisition Process in Kuwait Facility Management Market
- Supply Side Ecosystem
- Kuwait Real Estate Market Overview, 2021
- Kuwait Rental Market Overview, 2021
- Kuwait Housing Loan Market, 2021
- Kuwait Hospitality Market Overview, 2021
- Kuwait Retail Market Overview, 2021
- Supply Side Ecosystem – Maintenance (Hard FM)
- Supply Side Ecosystem – Cleaning and Security
- Supply Side Ecosystem – Waste Management
- Supply Side Ecosystem – Integrated FM
- Kuwait Facility Management Market Segmentation
- SWOT Analysis of Kuwait Facility Management Market
- Key Growth Drivers in Facility Management Market in Kuwait
- Trends and Developments in Kuwait Facility Management Market
- Kuwait Facility Management Market Major Technological Trends, 2021
- Regulatory Landscape of Kuwait Facility Management Market
- Types of Contracts in Kuwait Facility Management Market
- Competition Scenario in Kuwait Facility Management Market
- Cross Comparison of Major Projects in Kuwait Facility Management Market
- Market Sizing Analysis of Kuwait Facility Management Market, 2021-2026F
- Best Practices for Improving Facility Services
- Operational Strategies for Facility Management Market in Kuwait
- Growth Strategies of Kuwait Facility Management Market
For more insights on the market intelligence, refer to the link below: –
Kuwait Facility Management Market Analysis
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