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Kuwait Facility Management Market Present Scenario And The Growth Prospects 2030

The Kuwaiti facility management market is expected to grow at a CAGR of 8.5% between 2021 and 2030, owing to the booming hospitality sector and upcoming infrastructure projects in the country. According to P&S Intelligence, the industry was valued at $954.4 million in 2021, and it will generate $1,995.5 million revenue by 2030. In recent years, economic diversification has become a major trend in the market. To decrease its reliance on the energy sector, the government is focusing on increasing investments in the tourism, construction, and hospitality sectors to reduce its dependence on oil revenue.


One of the major growth drivers of the Kuwaiti facility management market is the flourishing hospitality sector, owing to the increasing footfall of tourists in the country. According to the WorldData, a total of 2 million tourists visited Kuwait in 2020. The government is encouraging private investments, constructing new attractions, increasing international promotion campaigns, and expanding airport capacity to boost the hospitality sector in the nation. The surging tourist footfall and soaring government support for the hospitality sector will result in the construction of hospitality units, which require facility management services to offer more comfort to customers.

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For instance, in August 2021, Al Mulla Engineering AME signed a distribution agreement with Johnson Controls AquaMist, a manufacturing company for water mist fire suspension systems. With this agreement, AME widened its portfolio by including an innovative technology of fire protection using a water-based fire suppression system, which is based on the water mist technique. Furthermore, in December 2020, Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E. achieved ISO 41001:2018 “Facility Management – Management Systems” – through BUREAU VERITAS Company.

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