Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Environment minister inaugurates Yanbu Grain Handling Terminal    Germany's attack suspect reportedly offered reward to target Saudi ambassador    U.S. Navy jet shot down in 'friendly fire' incident over Red Sea    Israeli strikes in Gaza kill at least 20 people, including five children    Trudeau's leadership under threat as NDP withdraws support, no-confidence vote looms    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Outsourced facilities management sector in GCC to hit $10b by 2012
Published in The Saudi Gazette on 19 - 09 - 2008

The outsourced facilities management sector in the GCC region is expected to reach a value of $10 billion by 2012, according to a study conducted by Arab Business Review. The region's booming construction market has spawned the need for top-end benchmarks to ensure the sustainability of these buildings, thus incurring the development of maintenance programs which has in turn created a huge demand for professionals in the Facilities Management (FM) industry. In line with this, Macdonald & Company has announced its participation at Cityscape Dubai 2008, during which the leading recruitment consultancy focusing solely on the property industry, aims to address the growing demand for FM professionals, as many projects in the region reach their delivery stage.
According to Macdonald & Company, the region has experienced a steady expansion within the FM consultancy sector and due to the rapid completion of buildings service providers have been awarded multimillion dirham contracts for service provision.
Therefore, there is a high demand for senior level practitioners, who will be able to strategically manage the FM services within some of Dubai's iconic towers and developments. The company aims to provide transparent statistics and insights on the latest market trends in the GCC construction and property market, through the ‘Middle East Real Estate Salary Survey' for 2008. This will be launched at Cityscape Dubai 2008. The Salary Survey is being conducted in cooperation with the Royal Institution of Chartered Surveyors (RICS) and CMIS, Cityscape's new online market intelligence service, which ensures thorough and accurate results and industry-wide participation in the survey.
“Facilities management practitioners in the region are beginning to take a more significant role, as developers become more aware of the relevance of employing highly competent FM professionals in the early stages of their processes,” said Danielle Le Faucheur, associate, Macdonald & Company. “Amid the resounding calls for sustainability in the real estate sector, facilities management professionals are needed to ensure the efficiency and longer lifecycle of the project, from the design and conception stage to its completion. As the leading recruitment consultancy for the real estate sector, we maintain an extensive database of highly trained FM professionals who can deliver outstanding services for the most demanding projects and buildings.”
Macdonald & Company has well-networked FM teams internationally, who operate within the company's global offices in South Africa, Hong Kong, Australia and the UK. This allows the company to offer a large variety of international candidates to clients. The company's facilities management client portfolio includes several leading service providers as well as developers in the region, including Emaar, Emcor, John Buck International, MAB Property Service and Development, Alshaya, Emrill, Spectrum, Idama, Sama Dubai, Multiplex, MAF, Limitless, and Al Tayer, among others.
“We have seen an increased demand in the requirement of facilities managers in the Middle East, especially in the UAE. The UAE's FM market accounts for nearly 66 per cent of total facilities management market revenue share and reflects the strongest growth rate in the region. Therefore, our initial focus has been on the UAE market providing our clients with extremely experienced FM. We are also researching the FM markets outside of the UAE via our strong FM contacts thus allowing us to collate facts and trends for the benefit of real estate players and FM professionals alike in line with our vision when we launched the salary survey initiative,” said Christopher Stokes, senior consultant, Macdonald & Company.
Macdonald & Company is the only recruitment firm to be approved by the Royal Institution of Chartered Surveyors, an independent, representative professional body, which regulates property professionals and surveyors. The company has established a name by providing intelligent advice in qualification and career development in the property realm through the in-depth understanding of client and candidate expectations by its specialized recruitment consultants. Since its foundation over two years ago in Dubai, the company has been working closely with a variety of regional and international clients, including Nakheel, Dubai Properties - Injaz, Limitless, Majid Al Futtaim, Jumeirah International, IFA Resorts & Hotels, AEDAS, Batley Partners, Woods Bagot and Crone Partners Architecture Studios. __


Clic here to read the story from its source.