Building Management Systems In The Middle East A Growth Market

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22nd July 2008, 10:06pm - Views: 500





Industry Construction CMPi UAE Ltd 1 image




Building Management Systems in the Middle East a Growth Market


ABU DHABI, July 22 /PRNewswire-AsiaNet/ --


   "Total facilities management market estimated to top $576 Million by 2012" - 

                                   Fountain 

 

    Boosted by the boom in commercial, retail and residential sectors and a strong demand for

total facilities management (TFM), the regional market for bundled and total facilities

management in the Middle East is expected to grow at a CAGR of 19.3% to cross USD $576

Million* according to UK's CMPi, organizers of Working Buildings Middle East, which is

scheduled to take place at the Abu Dhabi National Exhibition Centre on 17th and 18th November

2008. 




    "While the boom in construction is fuelling the growth, the main demand is 

from the luxury hotels and Multinational Corporations (MNCs) that are pushing 

the momentum in the Gulf region," noted Chris Fountain, Group Director of CMPi. 


    Mr. Fountain added that TFM in the region was historically taken into account only upon the

post-construction stage of projects. "In recent times 

however, developers are starting to acknowledge the importance of integrating 

TFM at the earliest stage possible in order to prevent problems before they actually occur and

hence TFM companies are now involved in the design stage of 

construction projects," he stressed. 


    "In the past, key decision makers were generally disinclined to consider 

total lifecycle costs and chose quick returns on investments and this 

reflected in the short-term duration of TFM contracts; this is however 

changing now and makes our event a timely platform for global TFM providers to 

seek lucrative contracts in the region," Mr. Fountain observed.

 

    The GCC region's investment in tourism, retail and business services has 

led to the massive growth in the construction of new high-end commercial, residential and retail

establishments. Multibillion dollar mega-projects that 

involve mixed use of these sectors also exist in the region, the ownership structure of which

normally involves consortia of MNCs and governments.      Together with the extreme weather

conditions that shorten the lifespan of 

buildings, these new developments open up opportunities for high-quality 

facilities management. 


    "The introduction of Freehold Property Laws in the region, and the 

subsequent establishment of Building Committees have made property owners more 

conscious in maintaining their properties and Multinational Corporations 

(MNCs) and branded hotel chains that have entered the region have 

internationally renowned service quality levels, and are helping to raise the 

standards of FM," Mr. Fountain added. 


    At present, most of the opportunities lie in the emirates, where although 

Dubai is still the largest and one of the fastest growing markets in the 

Industry Construction CMPi UAE Ltd 2 image

Middle East, Abu Dhabi is rapidly picking up.  Abu Dhabi is also investing in 

top-end hotels, cultural and recreational facilities to support its ambitious 

tourism targets, presenting attractive opportunities for Total FM. 


    Another emerging market is Qatar. Growth is expected from the relaxation 

of property laws, which now allows foreign nationals to own freehold title to 

any real estate, and the attempt to diversify the country's economy away from 

oil. The 2006 Asian Games in Doha helped to stir commercial and residential developments in

the country. Mega-development projects are also underway. However, the region is still largely

dominated by single-service maintenance 

contractors. 


    Bahrain is the region's financial centre and offers a long-term potential 

for the Total FM sector because of the country's diversification into tourism, 

retail and business service sectors. 


    Opportunities for the Total FM sector in Oman and Kuwait are lower at the 

moment, since these countries' real estate and construction sectors are not as 

developed compared with the rest of the GCC countries. In the past most of the 

projects were in the public sector and funded by the government.  


    Working Buildings Middle East will provide a valuable opportunity for local and international

companies to showcase their products and services to 

the increasingly important Middle East market. The new event has been designed 

to target all those involved in the management and maintenance of buildings and property.

Working Buildings Middle East will explore the latest products, 

services and best-practice examples relating to the complete life cycle of a 

building. 

 

    *The research on bundled & TFM for the ME region has been conducted by Frost & Sullivan

on behalf of CMPi 

 

SOURCE  CMPi UAE Ltd 

    

    /CONTACT:  Integrated Identity, +971-4-3124496, or Fax, +971-4-3124497, info@integrated-

identity.com/ 


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