Market Size of Bahrain Facility Management Industry
|Study Period||2018 - 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
*Disclaimer: Major Players sorted in no particular order
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Bahrain Facility Management Market Analysis
The Bahrain facility management market is expected to grow at a CAGR of 4.5% during the forecast period, 2022-2027. Though relatively small in geography, Bahrain offers a very active market for outsourced facilities management. Many large construction projects are either planned or under construction. These developments are expected to drive the demand for FM in the country.
- Currently, the country is overseeing some major infrastructural developments, like the expansion of Bahrain International Airport at Manama. In December 2021, it was revealed that Bahrain Airport Company (BAC) will be responsible for delivering the USD 1 Billion Bahrain International Airport Modernization Program, which includes elevating the airport's infrastructure and services to high levels of safety, security, technology, passenger experience, and environmental standards.
- The country is also witnessing significant partnerships across various FM vendors to cater to the rising demand. For instance, in March 2022, ATLANTIS Engineering announced the expansion of the cooperation with Elite Facility Management Company (EFMC) in Bahrain. After the initial application of the Computerized Maintenance & Asset Management System, AIMMS from ATLANTIS for the needs of Αbraj al Lulu Tower (Pearl Towers), EFMC is planning on adding a wide range of new buildings and facilities of demanding infrastructure within the country.
- However, despite the developments, there are very limited government projects in Bahrain. The entry barriers are low, and there are very limited organized participants in the FM services market. The unorganized market is highly fragmented, and many companies offer cleaning services. Also, the rising inflation is a matter of concern for FM companies.
- With the outbreak of COVID-19, the Bahrain Facility Management Market is expected to witness a slight decline in growth. During the initial phase of the virus outbreak, the imposed lockdown led to the workforce shortage across the FM companies as the majority were non-local workforce. Also, as the country's infrastructure spending witnessed a slowed growth, Manama and Al Muharraq, for instance, had their lockdown measures.