The facilities management (FM) market in the Gulf will be worth an estimated $892 billion over the next 25 years, according to a study.

The figures released by Middle East Strategy Advisors (Mesa) show that the FM industry in the UAE alone is potentially worth $704 billion, with the markets in Saudi Arabia and Qatar worth $96 billion and $92 billion respectively.

The region’s only exhibition dedicated to facilities management, FM Expo  has almost doubled in size with a 70 per cent increase from last year, reflecting the rapidly growing importance of the market.

Organised by Streamline Marketing Group and dmg world media, this year’s event will also have a large international presence with exhibitors from Germany and Australia, as well as a UK pavilion.

Though facilities management is still a relatively new concept in the Middle East, experts predict that the industry will eventually outstrip the region’s booming construction business.

Agata Pawlik, project manager, Streamline Marketing Group said, “FM is gathering more attention as new mega construction projects are being developed and this requires the early involvement of the FM in development projects.  Proper strategy and planning at the outset of a project significantly reduces life cycle costs and leads to a building’s sustainability.'

“It is essential that developers have an adequate life cycle cost estimation, as the initial development costs are a fraction of the total costs of a building over time. More property owners and developers are realising that FM is an industry that provides essential input to complex property management. FM Expo provides an arena for property professionals to learn about the new and innovative FM solutions,' Pawlik said.

Experts in the field estimate that in the life cycle of a building, the design and construction phase only accounts for 20 per cent of the overall costs, with the remaining 80 per cent being taken up by the operation, maintenance and management of the facilities.

Furthermore, the rate of development and new property laws are steering the sector to an integrated approach. A significant number of new facilities management companies are launching their Integrated Facilities Management systems, he added.

FM Expo, to be held in Dubai from June 8 to 10, will run alongside the Hotel Show and InRetail exhibitions.

FM exhibitors include companies from property management, energy management, environment, maintenance, IT, health and safety, and security in the Middle East, Europe and worldwide. –TradeArabia News Service