Smart City Expansion Drives Rapid Growth In FM Market

Doha, Qatar: Qatar’s facility management (FM) market is poised for strong growth over the next five years, driven by smart-city expansion, sustainability goals, and the redevelopment of major infrastructure assets, according to a report by Mordor Intelligence.

The report estimates that the market will grow from $8.98bn (QR32.74bn) in 2026 to $16.03bn (QR58.44bn) by 2031, registering a compound annual growth rate (CAGR) of 12.28 percent during the forecast period. Last year, the sector was…