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The Qatar facility management market is also predicted to demonstrate a CAGR of 16.4% between 2020 and 2030 by P&S Intelligence.
The Qatar facility management market attained a valuation of $4,613.0 million in 2019 and is predicted to generate a revenue of $21,975.1 million by 2030. The market is also predicted to demonstrate a CAGR of 16.4% between 2020 and 2030. One of the key factors fueling the growth of the market is the upcoming FIFA World Cup 2022. The soaring investments being made in infrastructural development for the event will propel the market advancement in the future.
According to reports, the overall expenditure for various infrastructure development projects is predicted to be nearly $220 billion. Moreover, the country will witness an investment of more than 10.0% of its annual national output on building infrastructure for the World Cup. Additionally, there are plans to construct a 40,000-seat modular arena for the event, that will include concession stand