Oman Facility Management Market Analysis, Size & Forecast

Oman Facility Management Market

Source: The Report Cube

Study Period

2020- 2032

Market (2024)

USD 0.81 Billion

CAGR

12.5%

Major Markets Players

G4S Limited, Qurum Business Group, Oman International Group SAOC, Renaissance Services SAOG, Daud Engie Group and Others

Understand The Key Trends Shaping This Market

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Oman Facility Management Market Insights & Analysis

Oman Facility Management Market is USD 0.81 Billion in 2024 and is forecast to register a CAGR of around 12.5% during the forecast period, i.e., 2024-32. Due to increasing demand from various industries such as healthcare, hospitality, education, and retail, the market has witnessed substantial growth in recent years. Facility management services in the country incorporate a range of functions, such as maintenance & repair, cleaning, security, landscaping, waste management, and energy management.

Aside from asset management and project management, the sector also offers space planning services. Several factors have contributed to the sector's expansion, including the growing economy in Oman and population growth. As organizations in Oman continue to grow & expand, the need for facility management services is expected to upgrade. For instance, in 2022, Al Ruzaiqy Group joined forces with the Ascott Group to inaugurate its hotel in Oman. This partnership facilitated the introduction of Ascott Group's facility management services across the country.

Furthermore, the adoption of integrated facilities management (IFM) by Oman's facility management vendors has created significant opportunities in the market globally. End-users can cut expenses for repetitive chores by utilizing integrated facilities management, which is essential for companies trying to run profitably & efficiently. The Omani government's emphasis on promoting tourism & developing infrastructure, in addition to other development measures, has increased the sector’s potential for the facility management industry.

Oman Facility Management Market Report and Forecast 2032

Additionally, numerous sectors are in need of facility management services, as a result of government measures to diversify the economy & draw in foreign investments. For example, Oman developed Vision 2024 to guide the nation’s future advancements. This vision seeks to establish Oman as a regional leader in the Middle East by focusing on knowledge-based society & sustainable, technologically advanced infrastructure. Hence, owing to this it is predicted that the Oman Facility Management Market would grow in the next few years, offering a variety of chances for industry service providers.

Oman Facility Management Market Dynamics

Constant Development & Progression Across Oman to Drive the Growth

Oman is currently going through a phase of growth & development, marked by significant government-initiated infrastructure projects. Government’s initiatives, expansion of the hospitality industry, rising construction sector, and the increased demand from the commercial segment, all contribute to the progression of the Oman Facility Management Market.

Additionally, the country’s government has taken a number of steps to diversify the economy of the nation away from the oil & gas industry. Initiatives, such as Oman Vision 2040 and Oman Vision 2030 aim to attract increased foreign direct investment (FDI) to establish Oman as a prominent player in the Middle East, thus creating new business prospects.

Moreover, the nation is actively working on the development of industrial cities such as Sur, Al Burmi, and Nizwa, among others. This strategic move offers lucrative opportunities for market players in the facility management sector.

Insufficient Awareness among End-users to Hinder Growth

The Oman Facility Management Market encounters several challenges, with one significant hurdle being the limited awareness of these services among end-users. The presence of both organized and unorganized players in the market provides consumers with choices primarily based on price. However, this can lead to compromises in service quality, which clients may overlook initially, ultimately causing issues for them in the long term. This situation not only affects consumers but also constrains the overall growth of the market.

Oman Facility Management Market Segment-wise Analysis

By Type:

In-house FM Service
Outsourced FM Service

Single FM
Bundled FM
Integrated FM

Over the forecast period, Outsourced Facility Management (FM) is poised to gain significant momentum in the Oman Facility Management market, tapping into its potential share. There is a growing demand for a wide range of contracts, including single, bundled, and integrated FM services in Oman. These services offer various advantages, such as cost reduction, streamlined service delivery, contractual flexibility, and relief from equipment maintenance, among others.

The growing GDP of Oman is also a dynamic force behind the increasing demand for Outsourced FM services across the nation. According to IMF data, Oman's Gross Domestic Product (GDP) at current prices is predicted to touch nearly USD 95.51 billion in 2026, compared to USD 63.37 billion in 2020.

Moreover, the growing number of retail centers & supermarkets in Oman has elevated the need for facility management services that are outsourced. For example, the demand for these facility services has increased since Majid Al Futtaim's Mall of Oman opened in Feb 2024, which would enhance the Oman Facility Management Market size in future.

By End User:

Commercial
Institutional
Public/Infrastructure
Industrial

The Commercial sector is presumed to hold a substantial share of the Oman Facility Management Market in the ensuing years. The commercial sector in Oman is seeing a significant upgrade, with a primary emphasis on expanding information and communication technology (ICT) infrastructure to bridge the digital gap. This initiative is part of the National Broadband Strategy, which aims to bring broadband services to more than 90% of metropolitan areas by 2030 and attain nearly 75% overall penetration in the country.

Furthermore, increased spending on essential ICT infrastructure projects and the development of various e-government services would probably attract IT & telecoms companies to locate in the area, which will significantly accelerate market growth.

Over the past few years, the country has observed significant construction projects. As per the World Bank, it is foreseen that around 7,857 businesses would be registered in the country by the end of 2024. Therefore, with a forward-looking method to foreign investments and the extension of commercial service providers, the nation has been witnessing a rise in construction projects, further elevating the Facility Management Market.

What Does Our Oman Facility Management Market Research Study Entail?

Oman Facility Management Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
Oman Facility Management Market Research Report entails details about the most critical shifts in market share in the prominent regions.
Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

Introduction
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Key Factors Considered by Companies While Selecting a Facility Management Vendor
Smart Measures Takes by Facility Management Vendors
Price Comparison Between Different Facility Management Services
Oman Facility Management Market Overview (2020-2032)
1. Market Size (in USD Millions)
2. Market Share, By Type
  1. Hard
  2. Soft
  3. Risk
  4. Administrative
3. Market Share, By Operating Model
  1. In-House
  2. Outsourced
4. Market Share, By Service Delivery
  1. Integrated
  2. Bundled
  3. Single Services
5. Market Share, By End User
  1. Commercial
  2. Residential
  3. Government
  4. Retail
  5. Education
  6. Healthcare
  7. Hospitality
  8. Others
6. Market Share, By Enterprise Size
  1. Large
  2. Mid-Size
  3. Small
7. Market Size, By Region
  1. North
  2. South
  3. Central
8. Market Share, By Company
  1. Competition Characteristics
  2. Revenue Shares & Analysis
Oman Hard Facility Management Market Overview (2020-2032)
1. Market Size (in USD Millions)
2. Market Share, By Type
  1. District Cooling
  2. Building Management
  3. Plumbing Apparatus, Pumps, Sanitary units, etc.
  4. Electrical Installation
  5. Energy Management
  6. Air Conditioning System
  7. Roads & Street Lighting System
  8. Others
3. Market Share, By Operating Model
4. Market Share, By Service Delivery
5. Market Share, By End User
6. Market Share, By Enterprise Size
7. Market Share, By Region
Oman Soft Facility Management Market Overview (2020-2032)
1. Market Size (in USD Millions)
2. Market Share, By Type
  1. Cleaning Services
  2. Catering
  3. Pest Control
  4. Landscaping
  5. Others
3. Market Share, By Operating Model
4. Market Share, By Service Delivery
5. Market Share, By End User
6. Market Share, By Enterprise Size
7. Market Share, By Region
Oman Risk Facility Management Market Overview (2020-2032)
1. Market Size (in USD Millions)
2. Market Share, By Type
  1. Insurance Management
  2. Security
  3. Disaster Management
  4. Reserve/Sinking Fund
  5. Others
3. Market Share, By Operating Model
4. Market Share, By Service Delivery
5. Market Share, By End User
6. Market Share, By Enterprise Size
7. Market Share, By Region
Oman Administrative Facility Management Market Overview (2020-2032)
1. Market Size (in USD Millions)
2. Market Share, By Type
3. Mail Management
4. Front Office Management
5. Space Planning & Management
6. Inventory Management
7. Others
8. Market Share, By Operating Model
9. Market Share, By Service Delivery
10. Market Share, By End User
11. Market Share, By Enterprise Size
12. Market Share, By Region
Competitive Outlook (Company Profiles – Partial List)
1. Qurum Business Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
2. Bahwan Engineering Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
3. Al Naba Services LLC
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
4. G4S Limited
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
5. Oman International Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
6. Oman Shapoorji Company
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
7. AL Hudu Real Estate LLC
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
8. Wave Homes LLC
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
9. General Electric & Trading Co. LLC (Genetco)
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
10. Enova Facility Management Services LLC
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
11. Others
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List of Figure

Figure 1: Market Segmentation Overview
Figure 2: Study Variables Framework
Figure 3: Research Methodology Flowchart
Figure 4: Breakdown of Primary Interviews by Stakeholder Type
Figure 5: Facility Management Market Drivers
Figure 6: Facility Management Market Challenges
Figure 7: Opportunity Assessment in Facility Management Market
Figure 8: Recent Trends and Developments in Facility Management
Figure 9: Key Factors Considered by Companies When Selecting Facility Management Vendors
Figure 10: Smart Measures Taken by Facility Management Vendors
Figure 11: Price Comparison Between Different Facility Management Services

Oman Facility Management Market Overview (2020-2032)

Figure 12: Oman Facility Management Market Size (USD Millions), 2020-2032
Figure 13: Market Share by Type (Hard, Soft, Risk, Administrative)
Figure 14: Market Share by Operating Model (In-House vs Outsourced)
Figure 15: Market Share by Service Delivery Model (Integrated, Bundled, Single Services)
Figure 16: Market Share by End User Segment
Figure 17: Market Share by Enterprise Size (Large, Mid-Size, Small)
Figure 18: Market Size by Region (North, South, Central)
Figure 19: Market Share by Company

Figure 20: Competition Characteristics in Oman Facility Management Market
Figure 21: Revenue Shares & Analysis

Oman Hard Facility Management Market Overview (2020-2032)

Figure 22: Oman Hard Facility Management Market Size (USD Millions), 2020-2032
Figure 23: Market Share by Type (District Cooling, Building Management, Plumbing, etc.)
Figure 24: Market Share by Operating Model
Figure 25: Market Share by Service Delivery
Figure 26: Market Share by End User
Figure 27: Market Share by Enterprise Size
Figure 28: Market Share by Region

Oman Soft Facility Management Market Overview (2020-2032)

Figure 29: Oman Soft Facility Management Market Size (USD Millions), 2020-2032
Figure 30: Market Share by Type (Cleaning, Catering, Pest Control, Landscaping, Others)
Figure 31: Market Share by Operating Model
Figure 32: Market Share by Service Delivery
Figure 33: Market Share by End User
Figure 34: Market Share by Enterprise Size
Figure 35: Market Share by Region

Oman Risk Facility Management Market Overview (2020-2032)

Figure 36: Oman Risk Facility Management Market Size (USD Millions), 2020-2032
Figure 37: Market Share by Type (Insurance Management, Security, Disaster Management, etc.)
Figure 38: Market Share by Operating Model
Figure 39: Market Share by Service Delivery
Figure 40: Market Share by End User
Figure 41: Market Share by Enterprise Size
Figure 42: Market Share by Region

Oman Administrative Facility Management Market Overview (2020-2032)

Figure 43: Oman Administrative Facility Management Market Size (USD Millions), 2020-2032
Figure 44: Market Share by Type (Mail Management, Front Office, Space Planning, Inventory, Others)
Figure 45: Market Share by Operating Model
Figure 46: Market Share by Service Delivery
Figure 47: Market Share by End User
Figure 48: Market Share by Enterprise Size
Figure 49: Market Share by Region

Competitive Outlook (Company Profiles)

Figure 50: Company Profiles Snapshot
Figure 51: Qurum Business Group – Business Segments & Strategic Alliances
Figure 52: Bahwan Engineering Group – Business Segments & Strategic Alliances
Figure 53: Al Naba Services LLC – Business Segments & Strategic Alliances
Figure 54: G4S Limited – Business Segments & Strategic Alliances
Figure 55: Oman International Group – Business Segments & Strategic Alliances
Figure 56: Oman Shapoorji Company – Business Segments & Strategic Alliances
Figure 57: AL Hudu Real Estate LLC – Business Segments & Strategic Alliances
Figure 58: Wave Homes LLC – Business Segments & Strategic Alliances
Figure 59: General Electric & Trading Co. LLC (Genetco) – Business Segments & Strategic Alliances
Figure 60: Enova Facility Management Services LLC – Business Segments & Strategic Alliances

List of Table

Table 1: Objective of the Study
Table 2: Product Definition Details
Table 3: Market Segmentation Categories
Table 4: Study Variables Description
Table 5: Secondary Data Points Sources
Table 6: Companies Interviewed List
Table 7: Primary Data Points Summary
Table 8: Breakdown of Primary Interviews by Respondent Type
Table 9: Price Comparison Between Different Facility Management Services

Oman Facility Management Market Overview (2020-2032)

Table 10: Market Size Forecast (USD Millions), 2020-2032
Table 11: Market Share by Type (Hard, Soft, Risk, Administrative)
Table 12: Market Share by Operating Model (In-House vs Outsourced)
Table 13: Market Share by Service Delivery Model
Table 14: Market Share by End User Segment
Table 15: Market Share by Enterprise Size
Table 16: Market Size by Region (North, South, Central)
Table 17: Market Share by Company

Table 18: Competitive Landscape Summary
Table 19: Revenue Shares & Analysis

Oman Hard Facility Management Market Overview (2020-2032)

Table 20: Market Size Forecast (USD Millions)
Table 21: Market Share by Type (District Cooling, Building Management, etc.)
Table 22: Market Share by Operating Model
Table 23: Market Share by Service Delivery
Table 24: Market Share by End User
Table 25: Market Share by Enterprise Size
Table 26: Market Share by Region

Oman Soft Facility Management Market Overview (2020-2032)

Table 27: Market Size Forecast (USD Millions)
Table 28: Market Share by Type (Cleaning, Catering, Pest Control, Landscaping, Others)
Table 29: Market Share by Operating Model
Table 30: Market Share by Service Delivery
Table 31: Market Share by End User
Table 32: Market Share by Enterprise Size
Table 33: Market Share by Region

Oman Risk Facility Management Market Overview (2020-2032)

Table 34: Market Size Forecast (USD Millions)
Table 35: Market Share by Type (Insurance Management, Security, Disaster Management, etc.)
Table 36: Market Share by Operating Model
Table 37: Market Share by Service Delivery
Table 38: Market Share by End User
Table 39: Market Share by Enterprise Size
Table 40: Market Share by Region

Oman Administrative Facility Management Market Overview (2020-2032)

Table 41: Market Size Forecast (USD Millions)
Table 42: Market Share by Type (Mail Management, Front Office, Space Planning, Inventory, Others)
Table 43: Market Share by Operating Model
Table 44: Market Share by Service Delivery
Table 45: Market Share by End User
Table 46: Market Share by Enterprise Size
Table 47: Market Share by Region

Competitive Outlook (Company Profiles)

Table 48: Qurum Business Group – Financial Summary
Table 49: Bahwan Engineering Group – Financial Summary
Table 50: Al Naba Services LLC – Financial Summary
Table 51: G4S Limited – Financial Summary
Table 52: Oman International Group – Financial Summary
Table 53: Oman Shapoorji Company – Financial Summary
Table 54: AL Hudu Real Estate LLC – Financial Summary
Table 55: Wave Homes LLC – Financial Summary
Table 56: General Electric & Trading Co. LLC (Genetco) – Financial Summary
Table 57: Enova Facility Management Services LLC – Financial Summary

Top Key Players & Market Share Outlook

G4S Limited
Qurum Business Group
Oman International Group SAOC
Renaissance Services SAOG
Daud Engie Group
Bahwan Engineering Group
Al Naba Services LLC
COMO Oman
General Electric & Trading Co. LLC (Genetco)
Stalwart Facilities Management LLC
Perfect Reflection Facilities Management Services
Wave Homes LLC
AL Hudu Real Estate LLC
Creative Associate Facility Management
AA Group of Catering Companies
Oman Shapoorji

Frequently Asked Questions

A. Oman Facility Management Market is predicted to grow at a CAGR of around 12.5% during the forecast period, i.e., 2024-32.

A. The constant development & progression in the country to drive the Oman Facility Management Market during 2024-32.

A. The commercial sector is expected to lead the Oman Facility Management Market during the forecast period.

A. The lack of awareness among end-users impedes the further expansion of the Oman Facility Management Market through 2032.

A. G4S Limited, Qurum Business Group, Oman International Group SAOC, Renaissance Services SAOG, Daud Engie Group, Bahwan Engineering Group, Al Naba Services LLC, COMO Oman, General Electric & Trading Co. LLC (Genetco), Stalwart Facilities Management LLC, Perfect Reflection Facilities Management Services, Wave Homes LLC, AL Hudu Real Estate LLC, Creative Associate Facility Management, AA Group of Catering Companies, and Oman Shapoorji, etc are the major competitors in the Oman Facility Management Market.