Lessons learned from the region's FM industry in 2017
It’s been a wonderful year for the FM sector, and while the year draws to an end we take a look at the fmME Power 50 process and learnings for the coming year
Putting together the year-end issue of fmME is always a task that is both overwhelming and enjoyable. A major chunk of the magazine is taken up by the annual Power 50 rankings (p12) and it is one of the most anticipated features of the year.
Hence, I’m going to keep it short, as I know you are eager to find out who occupied which spot this year.
The cycle began in August 2017, when I reached out to every FM operator — big or small — in the region that I could get a hold of. At the outset, I want to thank each and every one of you who took time out to send through your completed submissions. We hope this urges others to follow suit as well.
Putting together the feature was a great learning curve, and I can safely say that the regional FM scene is on an upward trend.
At the FM Expo 2017, a senior professional who has worked in asset management for three decades said that the FM sector has had its moments of ups and downs — and that the current trajectory is relatively flat.
While that might hold true in some respects, revenue growth figures submitted by FM companies for the fmME Power 50 feature say otherwise. I must admit, profits have not gone through the roof and that’s probably the reason experts say the growth trajectory is flat.
But it would be juvenile to think the regional FM sector is on the decline, and there will be a chorus of FM companies resonating this sentiment.
It’s been a year of growth and transition for yours truly, as I left the world of hospitality and moved over to facilities management.
Industry experts generally enquire, ‘How have you coped coming over from ITP’s sister-magazine Hotelier Middle East?’ To which my response has been nothing but positive. Overall, taking the positives from 2017 let’s look forward to a productive 2018.