Qatar’s FM Market Shows Consistent Growth

Thanks to hosting the FIFA World Cup last year, the country has caught the world’s attention

The facilities management sector in Qatar indicates a revamping market this year, which benefited incredibly from hosting the FIFA World Cup last year, said an official as per news reports. “The market in Qatar is going through a period of consolidation post-2022. It was always clear that this would happen,” remarked Gary Miller Thomson, General Manager of G4S Qatar, the firm that offered various services to facilitate and meet the needs of the country’s economic standards during the global sporting tournament. He added that the experience gained by hosting FIFA Qatar 2022 has invigorated the country.

He stated, “It demonstrated the ability for the nation to pull together and ‘deliver amazing’ and the legacy should allow the country to grow on the international stage.” The challenge, however, he notes will be to maintain the standard to ensure that the entire iconic infrastructure created is safe, secure, and fully operational in the years to come.

However, the current market is poised to face obstacles, which need effectual solutions to meet the aspirational goals set for the year. Thomson said that “Value for money is a key driver post-2022 since many clients demand quality of service at a competitive price.” He also noted that the market can see a potential reduction in revenue in 2023 but expects a gradual increase by next year. “The facilities and security market is expected to see a potential negative CAGR of up to 12 percent this year, understandably, but we are not anticipating the impact to be as great for G4S as we remain focused on consolidating our position in key sectors such as healthcare, national infrastructure, and education,” he added. 

Last year, the company recruited more than 4,500 janitorial staff to work across all eight World Cup stadiums and 36 training sites. The G4S official underscored that 2022 was a pivotal year that witnessed significant contributions of additional business growth aiming toward Qatar National Vision 2030 objectives and strategies.