2016

Globally, inflation rates for services have exceeded those for goods in the past 60 years except during periods of substantial oil price increases. Against this backdrop, the facilities management industry has had to adapt to ensure it deals with the pressures of managing inflation, containing operating costs and maintaining a healthy growth and profitability. Facilities

  Energy costs in the Gulf are bound to be impacted due to the increasing movements by governments in enforcing green policies and protecting scarce natural resources. From the removal of fuel subsidies to increasing the cost of water and electricity, the sustainability benchmark has emerged as a critical element within the wider diversification strategy.

The GCC Facilities Management (FM) services industry has huge growth potential and is expected to reach $66 billion by 2020 due to higher infrastructure spending across the region, expert say. Tariq Chauhan, Group Chief Executive Officer at EFS Facilities Services Group, said the FM services industry in the Gulf region remains largely untapped, with an

  Despite sluggish market sentiments and slower economic growth, the mega project announcements in the UAE are creating a positive impact on the overall industry landscape. Emaar Properties’ recent announcement to build a tower in the emirate to surpass the Burj Khalifa, currently the world’s tallest building, made global headlines in April. The $1 billion