The Qatar Facility Management Market was USD 4.5 Billion in 2023 and is anticipated to register a CAGR of around 9.5% during the forecast period, i.e., 2024-32 and would reach approx. USD 8.3 Billion in 2032. The ongoing &planned infrastructure or building projects within the nation are driving up demand for facility management services, particularly in the corporate, commercial, and tourism sectors. The focus of the government on infrastructure expansion as part of its effort to diversify the country’s economy away from reliance on oil & gas exports is predicted to be the major driver of the industry growth.
Along with the initiatives for transportation, the nation’s government is actively expanding the tourist, education, and real estate industries to align with the goals of the Qatar National Vision 2030. As per Qatar’s Ministry of Finance, the country has set a budget of nearly USD 58 billion to complete numerous infrastructure projects, the largest budget in the Gulf States in the last five fiscal years, following a year of major infrastructure investment.