Oman Facility Management Market Report and Forecast 2032

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.