Saudi’s Facility Management Market to eclipse $30 billion
Saudi Arabia’s market for facility management services is on the path to eclipse $30 billion by 2025. Economic diversification, a maturing real estate sector and Saudi Vision 2030 are all driving growth in the sector. Roughly defined, facilities management spans all services that support the functionality and safety of offices and real estate infrastructure, including for the staff working in those offices. Notable segments including catering, cleaning, security, real estate operations & management, workplace safety, and emergency services. According to a new strategic market outlook by Glasgow Research & Consulting , the outlook for facility management services in Saudi Arabia is bright, on the back of a wave of mega investments set to unfold in the real estate sector, as well as continued professionalisation of existing stock and service levels. The research predicts that the Saudi facility management market may pass the $30 billion mark in the next two year...