The facility management services market in Saudi Arabia is expected to experience significant growth in 2022 due to various factors such as increasing investments in infrastructure development, rapid urbanization, and the rising demand for energy-efficient buildings. The market is expected to be driven by various segments such as property management, cleaning services, maintenance, and security services. Additionally, the growing trend of outsourcing facility management services by businesses and organizations is expected to boost the growth of the market in Saudi Arabia in 2022.
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This article highlights the growing demand for facility management services in Saudi Arabia in 2022, driven by factors such as infrastructure development, urbanization, and the need for energy-efficient buildings. The market outlook and growth opportunities are discussed, including various segments such as property management, cleaning services, maintenance, and security services. The trend of outsourcing facility management services is also explored as a key factor that is expected to drive the market's growth in Saudi Arabia.
This article provides insights into the Facility Management Services Market in Saudi Arabia in 2022. The market's growth prospects are discussed, driven by factors such as infrastructure development, urbanization, and demand for energy-efficient buildings. The article highlights the various segments driving the market, including property management, cleaning services, maintenance, and security services. Additionally, the trend of outsourcing facility management services is explored as a key factor that is expected to drive the market's growth in Saudi Arabia.
The Facility Management Services market in KSA (Kingdom of Saudi Arabia) is expected to grow by 38% in the next four years, driven by the country's increasing investments in infrastructure, urbanization, and the development of smart cities. The demand for facility management services is expected to grow across various segments, such as property management, cleaning services, maintenance, and security services. Additionally, the growing trend of outsourcing facility management services is expected to further boost the growth of the market in KSA over the next few years.
The Facility Management Services market in KSA (Kingdom of Saudi Arabia) is projected to grow by 38% in the upcoming years, driven by the country's increasing investments in infrastructure, urbanization, and the development of smart cities. The demand for facility management services is expected to increase across various segments, including property management, cleaning services, maintenance, and security services. Additionally, the trend of outsourcing facility management services is likely to contribute to the growth of the market in KSA in the coming years. This article highlights the factors driving the growth of the facility management services market in KSA and the opportunities it presents for businesses operating in this industry.
In Saudi Arabia, several integrated and bundled facility management service providers operate the FM market. These include:
- In-house providers
- Integrated FM providers
- Bundled FM providers
- Single FM providers
Single FM service providers capture over 45% of total outsource market in 2021; mainly driven by demand in soft services such as pest control, security, waste management etc. Integrated facility management market was relatively smaller in 2021, accounted for about 25% of total market; however, the changing real estate scenario, such as increasing use of technology, sustainability focus and smart buildings are increasing the demand for integrated service provider which can manage all the property aspects and improve efficiency. Therefore, the integrated facility management market is expected to grow at a CAGR of 13.7% during 2021-2025.
Conclusion
From the above, we can see that the Facilities Management service market in Saudi Arabia is a highly fragmented market with presence of over 100 companies and low market concentration among leading companies. With integrated FM accounted for 26% of total outsourced market in 2021, of which is expected to reach 30% by 2025, growing at a rate of 13.7%, Bundled FM services are the second fastest growing segment with projected growth rate of 13.1%. In summary, eeconomic diversification, maturing real estate sector and Saudi Vision 2030 will drive the growth of this sector going forward. Opportunities galore for new market entrants.
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We provide Best Facility management services like a building, facility, infrastructure, and maintenance services to numerous clients from different industries, across the globe.
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All work orders are maintained in the Computerized Maintenance Management System (CMMS).
Our work order management strategy is customer-focused and requests are automated through the latest hardware and software by way of a preventive maintenance (PM) schedule.
