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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.
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
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- 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)
- Market Size (in USD Millions)
- Market Share, By Type
- Hard
- Soft
- Risk
- Administrative
- Market Share, By Operating Model
- In-House
- Outsourced
- Market Share, By Service Delivery
- Integrated
- Bundled
- Single Services
- Market Share, By End User
- Commercial
- Residential
- Government
- Retail
- Education
- Healthcare
- Hospitality
- Others
- Market Share, By Enterprise Size
- Large
- Mid-Size
- Small
- Market Size, By Region
- North
- South
- Central
- Market Share, By Company
- Competition Characteristics
- Revenue Shares & Analysis
- Oman Hard Facility Management Market Overview (2020-2032)
- Market Size (in USD Millions)
- Market Share, By Type
- District Cooling
- Building Management
- Plumbing Apparatus, Pumps, Sanitary units, etc.
- Electrical Installation
- Energy Management
- Air Conditioning System
- Roads & Street Lighting System
- Others
- Market Share, By Operating Model
- Market Share, By Service Delivery
- Market Share, By End User
- Market Share, By Enterprise Size
- Market Share, By Region
- Oman Soft Facility Management Market Overview (2020-2032)
- Market Size (in USD Millions)
- Market Share, By Type
- Cleaning Services
- Catering
- Pest Control
- Landscaping
- Others
- Market Share, By Operating Model
- Market Share, By Service Delivery
- Market Share, By End User
- Market Share, By Enterprise Size
- Market Share, By Region
- Oman Risk Facility Management Market Overview (2020-2032)
- Market Size (in USD Millions)
- Market Share, By Type
- Insurance Management
- Security
- Disaster Management
- Reserve/Sinking Fund
- Others
- Market Share, By Operating Model
- Market Share, By Service Delivery
- Market Share, By End User
- Market Share, By Enterprise Size
- Market Share, By Region
- Oman Administrative Facility Management Market Overview (2020-2032)
- Market Size (in USD Millions)
- Market Share, By Type
- Mail Management
- Front Office Management
- Space Planning & Management
- Inventory Management
- Others
- Market Share, By Operating Model
- Market Share, By Service Delivery
- Market Share, By End User
- Market Share, By Enterprise Size
- Market Share, By Region
- Competitive Outlook (Company Profiles – Partial List)
- Qurum Business Group
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Bahwan Engineering Group
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Al Naba Services LLC
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- G4S Limited
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Oman International Group
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Oman Shapoorji Company
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- AL Hudu Real Estate LLC
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Wave Homes LLC
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- General Electric & Trading Co. LLC (Genetco)
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Enova Facility Management Services LLC
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Others
- Qurum Business Group
- Contact Us & Disclaimer
List of Figure
Figure 1: Research Methodology Framework
Figure 2: Study Variables Overview
Figure 3: Market Segmentation Structure
Figure 4: Secondary Data Points Mapping
Figure 5: Companies Interviewed – Overview
Figure 6: Primary Data Points Mapping
Figure 7: Breakdown of Primary Interviews (By Designation, Company Type, Region)
Figure 8: Market Dynamics Framework
Figure 9: Key Market Drivers
Figure 10: Key Market Challenges
Figure 11: Opportunity Assessment Framework
Figure 12: Recent Trends & Developments in Facility Management Services
Figure 13: Key Factors Considered by Companies While Selecting a Facility Management Vendor
Figure 14: Smart Measures Taken by Facility Management Vendors
Figure 15: Price Comparison Between Different Facility Management Services
Figure 16: Oman Facility Management Market Size (USD Millions), 2020–2032
Figure 17: Market Share, By Type (Hard, Soft, Risk, Administrative)
Figure 18: Market Share, By Operating Model (In-House vs. Outsourced)
Figure 19: Market Share, By Service Delivery (Integrated, Bundled, Single Services)
Figure 20: Market Share, By End User (Commercial, Residential, Government, Retail, Education, Healthcare, Hospitality, Others)
Figure 21: Market Share, By Enterprise Size (Large, Mid-Size, Small)
Figure 22: Market Size, By Region (North, South, Central)
Figure 23: Market Share, By Company
Figure 24: Competition Characteristics Overview
Figure 25: Revenue Share Distribution of Leading Players
Figure 26: Oman Hard FM Market Size (USD Millions), 2020–2032
Figure 27: Hard FM Market Share, By Type (District Cooling, BMS, Plumbing, Electrical, Energy Management, AC Systems, Roads & Street Lighting, Others)
Figure 28: Hard FM Market Share, By Operating Model
Figure 29: Hard FM Market Share, By Service Delivery
Figure 30: Hard FM Market Share, By End User
Figure 31: Hard FM Market Share, By Enterprise Size
Figure 32: Hard FM Market Share, By Region
Figure 33: Oman Soft FM Market Size (USD Millions), 2020–2032
Figure 34: Soft FM Market Share, By Type (Cleaning, Catering, Pest Control, Landscaping, Others)
Figure 35: Soft FM Market Share, By Operating Model
Figure 36: Soft FM Market Share, By Service Delivery
Figure 37: Soft FM Market Share, By End User
Figure 38: Soft FM Market Share, By Enterprise Size
Figure 39: Soft FM Market Share, By Region
Figure 40: Oman Risk FM Market Size (USD Millions), 2020–2032
Figure 41: Risk FM Market Share, By Type (Insurance Management, Security, Disaster Management, Reserve/Sinking Fund, Others)
Figure 42: Risk FM Market Share, By Operating Model
Figure 43: Risk FM Market Share, By Service Delivery
Figure 44: Risk FM Market Share, By End User
Figure 45: Risk FM Market Share, By Enterprise Size
Figure 46: Risk FM Market Share, By Region
Figure 47: Oman Administrative FM Market Size (USD Millions), 2020–2032
Figure 48: Administrative FM Market Share, By Type (Mail Management, Front Office, Space Planning, Inventory Management, Others)
Figure 49: Administrative FM Market Share, By Operating Model
Figure 50: Administrative FM Market Share, By Service Delivery
Figure 51: Administrative FM Market Share, By End User
Figure 52: Administrative FM Market Share, By Enterprise Size
Figure 53: Administrative FM Market Share, By Region
Figure 54: Company Profile Overview – Qurum Business Group
Figure 55: Company Profile Overview – Bahwan Engineering Group
Figure 56: Company Profile Overview – Al Naba Services LLC
Figure 57: Company Profile Overview – G4S Limited
Figure 58: Company Profile Overview – Oman International Group
Figure 59: Company Profile Overview – Oman Shapoorji Company
Figure 60: Company Profile Overview – AL Hudu Real Estate LLC
Figure 61: Company Profile Overview – Wave Homes LLC
Figure 62: Company Profile Overview – General Electric & Trading Co. LLC (Genetco)
Figure 63: Company Profile Overview – Enova Facility Management Services LLC
List of Table
Table 1: Secondary Data Sources Used in the Study
Table 2: Companies Interviewed for Primary Research
Table 3: Primary Respondent Breakdown (By Designation, Company Type, Region)
Table 4: Key Study Variables and Definitions
Table 5: Market Segmentation Overview
Table 6: Summary of Market Drivers
Table 7: Summary of Market Challenges
Table 8: Opportunity Assessment Indicators
Table 9: Recent Trends & Developments Summary
Table 10: Key Factors Considered by Companies When Selecting a Facility Management Vendor
Table 11: Smart Measures Taken by Facility Management Vendors
Table 12: Price Comparison Between Different Facility Management Services
Table 13: Oman Facility Management Market Size (USD Millions), 2020–2032
Table 14: Market Share, By Type (Hard, Soft, Risk, Administrative)
Table 15: Market Share, By Operating Model (In-House, Outsourced)
Table 16: Market Share, By Service Delivery (Integrated, Bundled, Single Services)
Table 17: Market Share, By End User (Commercial, Residential, Government, Retail, Education, Healthcare, Hospitality, Others)
Table 18: Market Share, By Enterprise Size (Large, Mid-Size, Small)
Table 19: Market Size, By Region (North, South, Central)
Table 20: Market Share, By Company
Table 21: Competition Characteristics Overview
Table 22: Revenue Share Analysis of Leading FM Companies
Table 23: Oman Hard FM Market Size (USD Millions), 2020–2032
Table 24: Hard FM Market Share, By Type
Table 25: Hard FM Market Share, By Operating Model
Table 26: Hard FM Market Share, By Service Delivery
Table 27: Hard FM Market Share, By End User
Table 28: Hard FM Market Share, By Enterprise Size
Table 29: Hard FM Market Share, By Region
Table 30: Oman Soft FM Market Size (USD Millions), 2020–2032
Table 31: Soft FM Market Share, By Type
Table 32: Soft FM Market Share, By Operating Model
Table 33: Soft FM Market Share, By Service Delivery
Table 34: Soft FM Market Share, By End User
Table 35: Soft FM Market Share, By Enterprise Size
Table 36: Soft FM Market Share, By Region
Table 37: Oman Risk FM Market Size (USD Millions), 2020–2032
Table 38: Risk FM Market Share, By Type
Table 39: Risk FM Market Share, By Operating Model
Table 40: Risk FM Market Share, By Service Delivery
Table 41: Risk FM Market Share, By End User
Table 42: Risk FM Market Share, By Enterprise Size
Table 43: Risk FM Market Share, By Region
Table 44: Oman Administrative FM Market Size (USD Millions), 2020–2032
Table 45: Administrative FM Market Share, By Type
Table 46: Administrative FM Market Share, By Operating Model
Table 47: Administrative FM Market Share, By Service Delivery
Table 48: Administrative FM Market Share, By End User
Table 49: Administrative FM Market Share, By Enterprise Size
Table 50: Administrative FM Market Share, By Region
Table 51: Company Profile Summary – Qurum Business Group
Table 52: Company Profile Summary – Bahwan Engineering Group
Table 53: Company Profile Summary – Al Naba Services LLC
Table 54: Company Profile Summary – G4S Limited
Table 55: Company Profile Summary – Oman International Group
Table 56: Company Profile Summary – Oman Shapoorji Company
Table 57: Company Profile Summary – AL Hudu Real Estate LLC
Table 58: Company Profile Summary – Wave Homes LLC
Table 59: Company Profile Summary – General Electric & Trading Co. LLC (Genetco)
Table 60: Company Profile Summary – Enova Facility Management Services LLC
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
