Oman Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized, Unorganized), By End User, By Sectors, By Region, Competition Forecast & Opportunities, 2018-2028

Oman Facility Management market is anticipated to register a robust CAGR in the forecast period. Oman is mostly dependent on its oil-based economy and fishing & trading and hence trying to diversify its economy, which gave rise to its Vision 2040. Knowledge-based populations and societies strengthen the country's vision for the future. With the help of industrial growth, the country wants to be among the developed countries of the world. Facility management has many services that individuals/groups can use in their daily lives but are not limited to fire safety; cleaning; maintenance; safety; logistics; proximity; heating, ventilation, and air conditioning (HVAC) services. FM services are used in several areas, such as residential, trade, and industrial building management. FM services are also used in the private or public sector as the demand for these services is fundamental, needed by everyone, and suitable for facility lifetime value.

Oman Vison 2040 propelling the growth.

Oman Vision 2040 focuses on diversifying the Oman economy and having options outside the oil & gas and fishing sectors. Through Vision 2040, Oman expects an increase in FDI investment and be a major player in the middle east for business opportunities.

Oman is expecting 10,000 projects of investment worth USD39 billion. These projects are expected to have 270,000 jobs. Through these projects, the number of players is expected to increase in the FM market.

Some of the Oman Vision 2030 projects include the development of the industrial cities in Sur, Al Buraimi, Suhar, Raysut, Nizwa, Al Mazunah Free Zone, and Knowledge Oasis Muscat (KOM).

Latest Trends in Oman Facility Management Market

With the opening of the Mall of Oman in 2021, 145,000 square meters of retail space, a variety of dining options, and a range of exciting lifestyle experiences have further fueled the growth of the market. Rising GDP is also boosting the demand for domestic outsourced FM services.

Oman's newest integrated development, Khazaen Economic City, is open to investors who want to benefit from the country's friendly investment climate, unique geopolitical position, economic stability, and continued growth. These investments are market gaining traction for commercial players who wants to invest in the country by using its facilities, thus propelling the market.

Al Ruzaiqy Group partnered with Ascott Group to open its first hotel in Oman. This collaboration helped Ascott Group to launch facilities management services in the country. Citadines Al Ghubrah Muscat, Oman, is part of Ascott's regional portfolio of 27 properties across the Middle East, Africa, Turkey, and Central Asia. This partnership expects to increase the facility management growth in the country.

Lack of knowledge among End-Users

One of the biggest challenges the market faces is the knowledge of these services. As the market is highly fragmented, both organized and unorganized players are present in the market. This gives an option to the client to choose the service provider based on price, but the client may have to compromise on the quality, which the client doesn’t realize, and the facility might get wear and tear. Therefore, it is important for the client to choose the best service provider working professionally and having the upgraded equipment and professionals who have the required skills.

Recent Developments

• Crossword Cybersecurity Plc signed a letter of intent with Al-Rawahy Holdings LLC in the year 2021 to form a licensed subsidiary called Crossword Cybersecurity LLC. Crosswords Cybersecurity Plc is used in a variety of industries, including facility management.
• Petroleum Development Oman (PDO)awarded contract renewals to several Super Local Community Contractors (SLCCs). This reflects the great success and maturity these companies have achieved in the oil and gas sector. The Company signed an agreement with Sakhan Facility Management, a consortium of SLCCs, to build an integrated station that will provide surface transportation services to personnel working at the facility.

Market Segmentation

Oman Facility Management market is segmented By Service, By End User, By Type, By Industry, By Sector. Based on Service, the market is further fragmented into Property, Cleaning, Security, Support, Catering & Others. Based on End Users, the market is segmented into Commercial, Residential, and Industrial. Based on Type, the market is segmented into Hard Services and Soft Services. Based on Industry, the market is segmented into Organized and Unorganized. Based on Sectors, the market is segmented into Education, Healthcare, Real Estate, Banking, Hospitality, Housing, and Others.

Market players

Major market players in the Oman Facility Management market are Qurum International Group, Oman International Group, Renaissance Services SAOG, Daud Engie Group, Bahwan Engineering Company LLC, Al Naba Services LLC, General Electric & Trading Co. LLC (Genetco), G4S Security Solutions LLC, Stalwart Facilities Management LLC, United Facilities Management Services LLC.

Report Scope:

In this report, Oman Facility Management Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

• Oman Facility Management Market, By Service:
• Property
• Cleaning
• Security
• Support
• Catering
• Others
• Oman Facility Management Market, By Type:
• Hard Services
• Soft Services
• Oman Facility Management Market, By Industry:
• Organized
• Unorganized
• Oman Facility Management Market, By End User:
• Commercial
• Residential
• Industrial
• Public Sector
• Oman Facility Management Market, By Sectors:
• Education
• Healthcare
• Real Estate
• Banking
• Hospitality
• Housing
• Others
• Oman Facility Management Market, By Region:
• Muscat
• Dhofar
• Al Wusta
• A'Sharqiyah
• Rest of Oman

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Oman Facility Management market.

Available Customizations:

Oman Facility Management market report with the given market data, the publisher offers customizations according to a company's specific needs.


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