Middle East FM market moving towards consolidation: BIFM
The British Institute of Facilities Management has released the Middle East Business Confidence Monitor 2018
A report by the British Institute of Facilities Management (BIFM) has predicted a period of consolidation and reflection as the FM sector adopts a wait and see approach in the GCC.
BIFM’s senior international business development manager Neil Everitt said: “[There is]… continued confidence, but the start of a shift away from a ‘growth at any price’, and perhaps a period of consolidation.”
He continued: “The dynamic nature of the FM market in the region will see opportunities continue to emerge with the most successful organisations delivering FM solutions by adopting new technologies and investing in developing skilled teams.”
Now in its fourth year, this research collaboration between BIFM, i-FM.net and FM Expo examines the GCC’s facilities management (FM) industry from the perspective of the people who work in it.
The findings offer a snapshot of the GCC facilities management market’s confidence and concerns; bringing us insight on how things stand today as well as a glimpse at the industry’s prospects for the next 12 months.
The report added that there is a hint of uncertainty which is by no means a dramatic shift, but undoubtedly a new wait and see approach influencing how some see the industry’s prospects.
And while the majority of respondents still have a positive outlook; growth expectations are not as great and the drive to find new staff has cooled.
Everitt also said that the changes could be a sign that the FM market is maturing, with growth more measured, considered and planned.
Outside of the industry’s business and employment prospects, responses have remained broadly consistent over the four years of the survey, which is another good indicator of relatively stable market conditions.
Optimism about the future remains steady, but the cash-flow and competition in the market focusing on price more than value continue to be two of the key challenges.
Both would improve the industry’s prospects and performance.
Everitt said: “By acquiring the right skills and knowledge now, a mature market for FM can position itself to support the built environment as it faces pressure to perform better, use less energy and be more sustainable can be a powerful force for economic and social good.
“As we are seeing in more mature markets today, where emerging technologies become a greater part of how this is achieved, effective skilled-up FM has a real opportunity to support the business challenges of the future.”