FOR IMMEDIATE RELEASE Facilities Management Market GCC Outlook – Growth in the construction sector to fuel the market Netscribes, Inc. launches a report on Facilities Management Market – Gulf Cooperation Council 2015 covering a market with strong growth potential. It is a part of Netscribes’ Retail and Services Industry Series. Mumbai, India – April 27, 2015 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Facilities Management Market – Gulf Cooperation Council’. Despite of being at an early growth stage, facilities management service is evolving rapidly fuelled mainly by the high pace of growth in the construction sector. Netscribes’ latest market research report titled Facilities Management Market – Gulf Cooperation Council encompasses companies engaged in a wide range of soft and hard services provision in both the private and public sector globally. There are multiple stakeholders that stand to benefit from the increasing use of facilities management, including residents, building owners, government, service providers and the society at large. The market continues to be driven towards consolidation with the larger players looking to identify opportunities to build higher margin service capacity, fill in geographical or service capability gaps through international expansion and exiting non-core/low margin offerings. However, the industry also has to contend with several bottlenecks. Workforce inefficiency continues to be an issue for many facilities management companies due to inflexibility, lack of good quality logistical information and skills to manage a more efficient workforce. Many facilities management companies are looking overseas for future growth, trying to navigate the challenges of achieving scale in fragmented local markets or penetrating sophisticated facilities management markets such as Western Europe. The UAE is slated to exhibit maximum growth in the GCC region, while Bahrain and Qatar is also expected to show significant progress.
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