The Government of Kuwait is currently focusing on reducing the economic dependency on oil revenue. According to the Organization of the Petroleum Exporting Countries (OPEC), the energy sector of Kuwait accounts for around 60% of the country’s gross domestic product (GDP) and nearly 95% of its export revenue. Owing to this reason, economic diversification has become the need of the hour due to the rising global focus on renewables. To decrease its reliance on the energy sector, the nation is focusing on escalating private investments in the construction, tourism, and hospitality sectors.

As a part of this economic diversification, the country is constantly rolling out new infrastructure development plans. Heavy investments are being made in the construction of residential units, malls, and industrial and educational facilities. A spike in the construction activities will amplify the need for facility management services in Kuwait, which is why real estate development companies in the country are also introducing their facility management affiliates. Owing to such reasons, the Kuwait facility management market will progress at an 8.3% CAGR during 2020–2030, which is why market value will reach $2,057.5 million by 2030 from $958.2 million in 2019.

Such a boost to the tourism industry has led to the construction of new hotels and commercial spaces, which require cleaning services to attract more tourists and customers. To maintain the charm of commercial buildings, services such as security, catering, support, environmental management, mechanical and electrical maintenance, and heating, ventilation, and air conditioning (HVAC) maintenance are also required. Owing to the extreme climatic conditions in Kuwait, there is a high dependence of commercial units on HVAC maintenance services.

In the coming years, apart from commercial spaces, the residential sector will generate a significant requirement for facility management services due to the soaring investments in residential construction across the country. The surging need for private housing, such as condominiums and villas, and mounting investments in renting properties will boost the requirement for such services in the foreseeable future. Apart from commercial and residential spaces, industrial units are also accelerating the adoption of cleaning and maintenance services.

The Kuwait facility management market is characterized by the presence of several companies that are focusing on winning contracts to gain an edge over their competitors. Some of the leading service providers hustling for contracts include United Facilities Management, Al-Awsat United Real Estate Co., Kharafi National for Infrastructure Projects Developments Construction and Services S.A.E, Al Mazaya Holding Company, Refrigeration Industries and Storage Company, O&G Engineering W.L.L., EcovertFM Kuwait, R&E Petroleum Co., PIMCO, and Fawaz Trading & Engineering Services Co. W.L.L.

Thus, the increasing emphasis of the government on infrastructure development and tourism industry’s growth will generate a high requirement for facility management services in the coming years.