Staff Report
Dubai, UAE
The Middle East, Africa, and South Asia (MEASA) region is witnessing a growth in demand for facility management (FM) services, primarily fuelled by a multitude of construction, infrastructure and energy projects. The sector is projected to grow at a compound annual growth rate (CAGR) of 6.78 percent increasing from US$53.7 billion in 2024 to US$74.6 billion by 2029.
According to the Global FM Impact Report, the region possesses one of the most mature FM markets, characterized by its low in-house provision and high integrated facilities management (IFM) penetration at nine percent. Additionally, the Middle East boasts a high level of digital maturity and is among the most advanced in sustainable FM practices. As the region diversifies its economy and invests in large-scale developmental projects, FM solutions are crucial for ensuring operational efficiency, sustainability, and the well-being of urban populations.
Future FM, an event highlighting the FM sector, in partnership with International Facility Management Association (IFMA), will bring together industry leaders, professionals, and innovators at the Dubai World Trade Centre from November 26-28, 2024. The event will offer them a platform to discuss ways to digitally transform the sector and improve its efficiency, sustainability and resilience for the development of healthier cities. Furthermore, the event will showcase products, services, and solutions across product sectors including technologies, intelligent buildings, integrated FM, asset management and health, and safety and security management.
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Also read: PIF’s FMTECH could change the region’s facilities management sector
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