Increasing investments in large infrastructure projects and increasing number of foreign players in the Saudi Arabia facility management market to fuel demand for facility management services in Saudi Arabia through 2025
According to TechSci Research report, “Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Industrial & Residential), Competition, Forecast & Opportunities, 2015 – 2025”, Saudi Arabia facility management market was valued USD 24.15 Billion in 2019 and is forecast to grow at 7.64% CAGR during the forecast period, to reach USD 31.48 Billion by 2025. In Saudi Arabia, facility management is being increasingly incorporated in the designing of buildings which helps builders to construct buildings that can be easily maintained over a long period of time. Facility managers are consulted at the start of the design phase to provide feedback on effective utilization of project area, landscaping, fire and safety systems and lifecycle cost analysis of the building.
Over the lifecycle of a building, almost 80% of total cost is incurred in facility management. Facility management in building design aims to reduce the total cost of these services over the building’s entire lifecycle. Furthermore, facility management integration helps the owners to easily manage and control the facility with minimum disruption possible, thereby increasing the total life of the buildings.
Leading companies operating in the Saudi Arabia facility management market include Saudi EMCOR Company Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management Services LLC, Muheel Services For Maintenance & Operations LLC, Musanadah Facilities Management Company Ltd., Al Mahmal Facilities Services, Al Khozama Facility Management Services, Five Moons Company Ltd., Takamul AlOula Facility Management, Al Borj Facility Management, Saudi Binladin Group Operation & Maintenance, and others.
Browse 35 market data Figures and Tables spread through 105 Pages and an in-depth TOC on“Saudi Arabia Facility Management Market”
Makkah province is anticipated to dominate demand for facility management services in the country. The province is the most popular region among both travelers and pilgrims visiting Saudi Arabia as it houses two holy mosques, which are the holiest place for the Muslim community. Thus, the province registers one of the highest number of visitors in the country. Also, it boasts majority of establishments in the hospitality industry in Saudi Arabia. As of 2019, a total of 1,547 hotels are operating and over 15,700 buildings are under construction in the province. With the completion of these buildings, demand for facility management services is expected to surge in the province.
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“In 2019, Makkah accounted for the largest share i.e. 32.56% in Saudi Arabia facility management market. The region is expected to maintain its dominance over the next five years as well. Makkah is one of the most popular regions in Saudi Arabia. The province boasts Mecca City, the holy pilgrimage site for Muslims, and Jeddah, which is considered as the commercial capital of Saudi Arabia. Tourism activities in Makkah and Madinah is expected to contribute to the growth in hotel industry, thereby creating ample demand for facility management services in the region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Industrial & Residential), Competition, Forecast & Opportunities, 2015 – 2025” has evaluated the future growth potential of the facility management market in Saudi Arabia and provided statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Saudi Arabia facility management market.
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