The Saudi Arabia Facility Management Services Market size was estimated at USD XX billion in 2020 and is expected to hit around USD XX billion by 2030, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2030.
Saudi Arabia Facility Management Services Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The management and maintenance of buildings, facilities, and other physical assets, such as equipment, infrastructure, and real estate, is referred to as facility management service. It includes a variety of services required for the efficient and effective operation of buildings and facilities, such as maintenance, repair, cleaning, security, energy management, space planning, and other related services.
Facility management services are critical for ensuring the safety, functionality, and upkeep of buildings and facilities. They assist organisations in lowering operating costs, increasing the dependability and longevity of physical assets, and improving the overall experience of occupants and visitors.
Facility management services can be handled in-house by the organization’s own staff or outsourced to third-party providers. Outsourcing facility management services is a common practise among businesses, as it allows them to focus on their core activities while ensuring that their facilities are well-maintained and operating efficiently.
Saudi Arabia’s facility management services market is expanding and competitive. The market is being driven by rising demand for facility management services outsourcing, rising construction activity, and rising business awareness of the benefits of facility management services.
Saudi Arabia Facility Management Services Market
Maintenance and repair services, cleaning and hygiene services, security services, catering and hospitality services, and others are all part of the market. The maintenance and repair services segment holds the largest share of the market, followed by the cleaning and hygiene services segment.
The market is highly competitive, with several local and international players operating in the region. Saudi Oger Ltd., Al Borj International, Alargan International Real Estate Company, and JLL are among the market’s major players.
Overall, the Saudi Arabia facility management services market is expected to expand in the coming years, driven by rising demand for facility management outsourcing and the country’s expanding construction activities. The market will likely remain competitive, with players competing on service quality, price, and innovation.
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