• Oman

    • Oman Facilities management Market expected to reach $746.31 million

    By on February 23, 2022
    muscat
    muscat

    Muscat: A recent report by the Indian research company Mordor Intelligence said that the value of the facilities management market in the Sultanate of Oman will rise to 746.31 million dollars by 2025, registering a compound annual growth rate of 13.52% during the period until 2025.

    The report, titled “Omani Facility Management Market – Growth, Trends, Forecasts (2022-2027) indicates that the value of this market amounted to 403.51 million dollars in 2019 and stated that facilities management consists of a wide range of solutions and services, to influence the efficiency and productivity of companies, and in accordance with industry standards and certifications, the new management system sets a standard To lead the principles of effective facility management worldwide.

    The report stated that with the increase in infrastructure development projects across Oman, to stimulate economic growth, facilities management services are also in great demand.

    The report also said that Oman formulated its vision 2040 to promote future developments in the country, and the knowledge-based population and societies will enable this future vision of the country, by supporting industrial growth, and the Sultanate wants to join the developed countries around the world. By helping build smart and sustainable cities, and technologically advanced infrastructure facilities.

    The report pointed out that the Omani facilities management market is competitive, and companies continue to innovate and enter into strategic partnerships in order to maintain their market share.

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