Saudi Arabia Facility Management Market

Saudi Arabia Facility Management Market Size, Share, Growth Analysis, By Service(Hard Services, Soft Services, Other Services), By Industry Vertical(Healthcare, Government, Education, Military & Defense), By Region - Industry Forecast 2025-2032


Report ID: SQMIC20I2266 | Region: Country | Published Date: April, 2024
Pages: 157 | Tables: 65 | Figures: 65

Saudi Arabia Facility Management Market Regional Insights

Anticipated to experience a significant surge in growth in the foreseeable future, the Saudi Arabia facility management market is being propelled by the ongoing processes of urbanization and industrialization. A pivotal driver is the governmental commitment to bolstering infrastructure, encompassing the construction of vital transportation nodes such as railways, ports, and airports, among other sectors. To realize these ambitious projects, the government is entering contracts with multiple private contractors, including facility service providers, to ensure the maintenance and sustainability of these infrastructures. As private sector investments are poised to witness a notable upswing in the coming years, the resultant momentum is set to galvanize the facilities management market across the region.

However, the outbreak of the novel coronavirus pandemic in 2020 temporarily curtailed market growth in the country. Immediate lockdown measures, implemented to curb the virus's spread, imposed limitations on various sectors, including facility management. Despite this setback, the market exhibited a modest uptick due to a renewed emphasis on facility service contract renewals.

As the situation gradually stabilizes, the facilities management market is experiencing a steady growth trajectory, driven by substantial investments flowing into the infrastructural sectors from both public and private entities. Notably, Saudi Arabia stands at the forefront of facility industry advancements, largely attributed to its status as a nation with the fastest-growing population. The country's unwavering commitment to investing in key sectors such as healthcare and education reinforces its role as a prominent contributor to the progress of the facility management industry.

In summary, the Saudi Arabia facility management marketmarket's forward trajectory is powered by urbanization, industrialization, and governmental infrastructure projects. While the pandemic temporarily slowed growth, renewed contract renewals and continuous investments in infrastructure are propelling gradual market expansion. Saudi Arabia's significant contributions, driven by a growing population and strategic sector investments, further solidify its position as a key player in the evolution of the facility management sector.

$3,500
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Saudi Arabia Facility Management Market size was valued at USD 24 billion in 2021 and is poised to grow from USD 25.56 billion in 2022 to USD 42.30 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

The competitive landscape of the Saudi Arabia facility management market is characterized by a dynamic interplay of established players and emerging service providers, driven by the increasing demand for comprehensive facility solutions. A multitude of companies are vying to capitalize on the burgeoning market opportunities arising from the country's rapid urbanization, infrastructure development, and government investments. 'Saudi Oger Ltd. (Oger International)', 'Saudi Binladin Group (SBG)', 'Nesma Trading Co. Ltd', 'Alfanar Group', 'Khidmah', 'Aramark Corporation', 'ENGIE', 'Mace Group', 'Sodexo', 'Al Muhaidib Group'

Saudi Arabia's rapidly growing population is boosting demand for residential, commercial, and public facilities, contributing to the expansion of the facility management market.

Sustainability and ESG Focus: Growing emphasis on Environmental, Social, and Governance (ESG) criteria is driving the integration of sustainable practices in facility management, including energy efficiency, waste reduction, and carbon footprint reduction.

Anticipated to experience a significant surge in growth in the foreseeable future, the Saudi Arabia facility management market is being propelled by the ongoing processes of urbanization and industrialization. A pivotal driver is the governmental commitment to bolstering infrastructure, encompassing the construction of vital transportation nodes such as railways, ports, and airports, among other sectors. To realize these ambitious projects, the government is entering contracts with multiple private contractors, including facility service providers, to ensure the maintenance and sustainability of these infrastructures. As private sector investments are poised to witness a notable upswing in the coming years, the resultant momentum is set to galvanize the facilities management market across the region.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Saudi Arabia Facility Management Market

Report ID: SQMIC20I2266

$3,500
BUY NOW GET FREE SAMPLE