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The Qatar National Vision 2030 and the upcoming FIFA World Cup 2022 in the country are the key factors predicted to increase the revenue of the Qatar facility management market from $4,613.0 million in 2019 to $21,975.1 million by 2030, at a CAGR of 16.4% during the forecast period (2020-2030).
Moreover, this growing market is currently witnessing the rising awareness regarding the protection of assets and increasing infrastructural development in the country.
One of the prime factors behind the growth of the market is the upcoming FIFA World Cup 2022, which is to be held in the country. The overall expenditure on infrastructure projects to host the World Cup is estimated at around $220 billion. For instance, the country has planned to build a 40,000-seat modular arena having concession stands, comfortable seats, shops, bathrooms, and other necessary facilities. Many such developments are expected to take place in the coming years; thus,
Microsoft Gold Partner, Mannai Corporation launches dedicated unit
DOHA, 1 hours, 58 minutes ago Mannai Corporation, a Microsoft Gold partner has established a new division within its Information Systems business unit that will be dedicated to Microsoft solutions with the aim to accelerate the adoption of cloud technologies across Qatar, in line with the National Vision 2030. The move comes ahead of the launch of Microsoft’s new Qatar cloud region, expected to be available this year. According to IDC, spending on public cloud services in Qatar is expected to rise nearly fourfold, from approximately $60.4 million in 2019 to $228.6 million in 2024. The research also cites that continuous investments in cloud and digital transformation initiatives led by government and businesses in the country, are expected to generate $3.14 billion in net new revenues over the next four years.
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