Technology

Thriving Infrastructure, Growing Demand: Qatar Facility Management Market Booms at 7.2% CAGR, Driven by Mega-Projects and Sustainability: Ken Research

Published

10 months ago

February 26, 2024

GURUGRAM, India, Feb. 26, 2024 /PRNewswire/ — The State of Qatar facility management (FM) market is experiencing a period of significant growth, fueled by major infrastructure development projects and a rising emphasis on sustainability. Ken Research’s insightful report, Qatar Facility Management Market Outlook to 2026F – Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure, delves into this dynamic landscape, projecting a remarkable 7.2% CAGR over the next five years. This press release summarizes the key findings and offers valuable insights for investors, service providers, and stakeholders seeking to capitalize on this flourishing market.

Market Overview:

Several key factors are propelling the Qatari FM market towards a bright future:

Mega-Projects: The upcoming 2022 FIFA World Cup and other large-scale infrastructure projects require efficient facility management solutions, creating significant demand for FM services. Growing Awareness: Increased awareness among building owners and occupants about the benefits of professional FM is driving the adoption of these services. Sustainability Focus: The government’s commitment to sustainability is encouraging the adoption of green FM practices, creating new opportunities for service providers. Technological Advancements: The integration of smart building technologies like Building Management Systems (BMS) and Internet of Things (IoT) is enhancing efficiency and optimizing facility operations.

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Segmentation Spotlight:

Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively:

By Service Type: Hard FM, encompassing maintenance and repair, dominates the market, followed by soft FM, including cleaning and security services. Integrated FM solutions are gaining traction. By End-User: Commercial buildings, including offices and retail spaces, hold the largest share, followed by residential complexes, government buildings, and healthcare facilities. By Delivery Model: In-house FM is prevalent, but outsourcing to external service providers is growing, especially for large-scale projects and specialized services. By Technology: Traditional methods coexist with the increasing adoption of smart FM solutions, powered by data analytics and artificial intelligence (AI).

Competitive Landscape:

The Qatari FM market features a mix of established players and emerging entrants:

International Giants: Leading global FM companies like CBRE and Johnson Controls are entering the market with their global expertise and advanced technologies. Regional Powerhouses: Established local companies like Kahramaa and Qatar National Facilities Management Company offer local knowledge and cater to specific market needs. Specialized Service Providers: Niche players focus on specific segments like sustainability consulting, smart FM technologies, or healthcare facility management.

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Recent Developments:

Focus on Sustainability: The Global Sustainability Assessment System (GSAS) is promoting the adoption of green FM practices, creating opportunities for green FM service providers. Smart Building Technologies: Initiatives like the Smart Qatar program are encouraging the adoption of smart FM solutions, driving the demand for connected and data-driven facilities. Public-Private Partnerships (PPPs): The government is increasingly using PPPs for infrastructure development, creating opportunities for FM service providers to participate in long-term projects.

Future Outlook:

The Qatari FM market is poised for exciting developments in the coming years:

Expansion into Emerging Segments: Demand for FM services in healthcare, education, and hospitality sectors is expected to grow significantly. Focus on Data and Analytics: Data-driven insights will be crucial for optimizing FM operations, enhancing efficiency, and reducing costs. Rise of Smart FM Solutions: The integration of AI and automation will further transform the FM landscape, creating new service offerings and opportunities. Increased Competition: The market will see increased competition from international players and niche service providers, driving innovation and service quality improvements.

Challenges to Address:

Despite its promising future, the market faces some hurdles:

Skilled Workforce Shortage: Attracting and retaining qualified FM professionals with expertise in new technologies remains a challenge. Standardization and Regulations: Establishing clear standards and regulations for FM services is crucial to ensure quality and consistency. Cybersecurity Concerns: Implementing robust cybersecurity measures is essential to protect sensitive building data and systems.

Why This Report Matters:

This report empowers various stakeholders to navigate the Qatari FM market:

Investors: Identify lucrative investment opportunities across different segments and technologies. Service providers: Gain insights into emerging trends, customer needs, and regulatory requirements to adapt their offerings and stay ahead of the curve. Building owners and occupants: Understand the benefits of professional FM, make informed decisions about their facility management needs, and select the right service provider. Policymakers: Develop policies that promote sustainable FM practices, encourage the adoption of smart technologies, and ensure a healthy and competitive FM market environment.

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For More Insights On Market Intelligence, Refer To The Link Below: –

Qatar Facility Management Market

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Germany Property Management Market Outlook to 2028 By Product Type (Residential, Commercial, and Other Product Types) and End User Services (housing associations, Property managers Agents, Property investors and others.) And By Regional Split (North/East/West/South)

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SOURCE Ken Research

Technology

Lichen China Limited Announces $2.8 Million Registered Direct Offering

Published

18 minutes ago

December 26, 2024

XIAMEN, China, Dec. 26, 2024 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 20,000,000 of the Company’s Class A ordinary share, par value $0.00004 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.14 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.8 million. The transaction is expected to close on or about December 27, 2024, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-277230) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

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SOURCE Lichen China Limited

Technology

Elvis Birthday Celebration tour kicks off at the Miniaci Performing Arts Center January 5th

Published

1 hour ago

December 26, 2024

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis Rockin Birthday Bash

FORT LAUDERDALE, Fla., Dec. 26, 2024 /PRNewswire-PRWeb/ — Elvis Presley Birthday Celebration Florida Tour kicks off at the Miniaci Performing Arts Center at Nova Southeastern University Davie Campus on January 5th with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash, a multi-media full production tribute celebrating the life and music of the King of Rock-n-Roll.

“Adding to the authenticity of his tribute, Chris has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel.”

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. The original American Rock-n-Roll Idol who influenced the Beatles, The Rolling Stones and anyone that has ever picked up a guitar or a microphone since, continues to engage our love affair with his all American story of a shy poor and humble country boy that became the King of Rock-n-Roll. Elvis Presley, recognized by TIME magazine as the “Artist of the 20th Century,” has sold more records than any other artist or group in the history of modern music. Even after death, his image and music continue to be loved and celebrated throughout the world. With the critically acclaimed big screen biopic “Elvis” by director Baz Luhrmann starring Austin Butler as Elvis and Tom Hanks as Colonel Tom Parker, Elvis’s music and charisma are once again in the spotlight for a whole new generation and there’s no sign of the King leaving the building of Rock-n-Roll icon status.

Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis. Chris’s show is not an overdone impersonation. It is a natural heartfelt tribute to a legendary performer and music icon. With his dynamic production band, Chris MacDonald draws his audience in with the look, sounds, and nuances that made Elvis the King of Rock-n- Roll!

Adding to the authenticity of his tribute, Chris MacDonald has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel. An energetic and experienced entertainer, MacDonald has also starred in the famous “Legends in Concert” stage productions and has performed in Branson, MO, and Las Vegas, NV. Chris has also performed in Concert with Elvis Presley’s original back up group The Jordanaires and D.J. Fontana Elvis original drummer “The Beat Behind The King” at the famous Seminole Hard Rock Live Concert Venue in Hollywood Florida and other venues throughout the country.

With this newly updated production, the show will include costume changes and songs representing the different stages of Elvis’s incredible career including the 1950′s, the Movies, the 1968 Comeback and the 1970′s White Fringe Vegas Concerts. It’s all a part of this fun loving tribute to one of the greatest entertainers of all time.

Get “All shook up” and celebrate the life and music of the King of Rock-n-Roll with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash.

Florida Tour Dates:

January 5, 2025 2pm (Sunday)

Rose and Alfred Miniaci Performing Arts Center

Nova Southeastern University

3100 Ray Ferrero Junior Boulevard,

Davie, FL 33314

Box Office: 954-462-0222

https://www.miniacipac.com/events/detail/chris-macdonalds-memories-of-elvis-rockin-birthday-bash-2025

January 16, 2025 7:30 pm (Thursday)

Barbara B Mann Performing Arts Hall

Southwestern State College

13350 FSW Parkway, Fort Myers, FL 33919

Box Office: 800-440-7469 • 239-481-4849

https://www.bbmannpah.com/events/detail/chris-macdonalds-memories-of-elvis-2025-fort-myers

January 18, 2025 7:30 pm (Saturday)

Sunrise Theatre

117 S 2nd Street, Fort Pierce, FL 34950

Box office: 772-461-4775

https://www.sunrisetheatre.com/shows/memories-of-elvis-rockin-birthday-bash/

Media Contact

Donna Oz, CME Inc, 1 954341-6005, info@chrismacdonaldselvis.com, https://www.elvispresleystory.com/

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SOURCE CME Inc; CME Inc

Technology

VIVOTEK Wins Double Honors for Its Commitment to Sustainability

Published

2 hours ago

December 26, 2024

TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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SOURCE VIVOTEK Inc.