Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Bahrain Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry, By End User, By Sectors, By Region, Competition Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
Bahrain Facility Management market is anticipated to register robust growth to 2028
Bahrain is known for its oil & gas sector. With the increase in technology and Electric Vehicles being the trend in the market, Bahrain is reducing reliance on oil & gas and expanding to other sectors. In order to keep themselves aligned with the latest happenings around the world, the country launched Bahrain Vision 2030 in 2008 so that the country could diversify its economy and can generate revenue from other sectors such as finance and tourism.
Facilities management is important because it is responsible for maintaining the physical structure of buildings and their assets. Properly maintained assets, systems, and devices extend their lifecycles. This means businesses pay less for emergency repairs and expensive equipment replacements and more revenue. Facility Management is used by all sectors, whether it is residential, commercial, or industrial.
Bahrain Vision 2030 is propelling growth
As Bahrain is gearing up for its Vision 2030, the country is seeing opportunities growing in non-oil sectors and are looking forward to increasing its revenue from the tourism, industrial and commercial sector.
Bahrain is looking to spend more than USD1 billion for the exhibition & convention center and expansion of Bahrain airport with other projects in line. These projects are expected to increase the tourism sector in the country.
Bahrain plans to create 5 new cities, which also increases the total land size to 60%. With the new infrastructure to be built from scratch, the facility management market is expected to grow to new heights once the 5 cities shall be ready.
Latest Trends in Bahrain Facility Management Market
The country has witnessed a variety of developmental activities supporting the need for integrated facility management services. For example, the Nabisare water station in Bahrain completed construction work in January 2021. The company has worked with various FM providers to complete the project.
The Nass Contracting company built all of the station's facilities and equipped them with the latest mechanical, electrical, control, and communication equipment. Meanwhile, Ahmed Mansoor Al-Aali (AMA Group) covered the upper reservoir and installed the project's solar panels. This project is expected to propel integrated facility management marketing in the country.
The upcoming metro rail project in the country is also driving the market forward. The project is entering the tender stage and represents the first phase of the government's plans to develop a 109km rail-based urban transit network. The metro project is divided into 4 phases, thus giving the facility management market a boost.
The increased cost of maintenance
With time, every service either requires replacement or maintenance. If maintenance is not done by a supervised technician who has the knowledge how of every piece of equipment or service,
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Bahrain Facility Management market.
- G4S Bahrain
- CBRE Bahrain WLL
- ASF Facility Management
- Royal Ambassador Property and Facility Management Co
- Metropolitan Holding Co W.L.L.
- Almoayyed Contracting Group
- Gems industrial services W.L.L.
- Elite Facility Management Co.
- EFS Facilities Services Bahrain W.L.L.
- Iris Property Management W.L.L.
Price Point Analysis (Cost of Spending in Bahrain)
- Plumbing
- Painting
- AC Service
- Electrical Service
- Pest Control
- Masonry Service
Policy and Regulatory Landscape
- Historical Evolution of Regulation
- Current Guidelines
- Licensing / Certification Requirements
Report Scope:
Bahrain Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
Bahrain Facility Management Market, By Type:
- Hard Services
- Soft Services
Bahrain Facility Management Market, By Industry:
- Organized
- Unorganized
Bahrain Facility Management Market, By End User:
- Commercial
- Residential
- Industrial
- Public Sector
Bahrain Facility Management Market, By Sectors:
- Education
- Healthcare
- Real Estate
- Banking
- Hospitality
- Housing
- Others
Bahrain Facility Management Market, By Region:
- Manama
- Muharraq
- Northern
- Southern
For more information about this report visit https://www.researchandmarkets.com/r/wzcfy4
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