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Saudi Arabia Facility Management Market Outlook to 2025 - A $31.48 Billion Market by 2025

Research and Markets
·3-min read

Dublin, Feb. 18, 2021 (GLOBE NEWSWIRE) -- The "Saudi Arabia Facility Management Market, By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Industrial & Residential), Competition, Forecast & Opportunities, 2015-2025" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian 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.

Saudi Arabia is the largest market for facility management services in the Gulf Cooperation Council (GCC) region. The market for facility management in Saudi Arabia grew at a healthy pace during 2015-2019 due to increasing investments in the country's construction sector.

The Construction sector in Saudi Arabia contributes about 8% to the country's total GDP. Moreover, Saudi Arabia is poised to become one of the largest construction markets in the Middle East, with more than USD800 billion investments originating from large scale infrastructure projects in the country by 2030. Saudi Arabia has planned to emphasize on the greater participation of private sector for the development of its infrastructure, most likely through public private partnerships (PPPs). The rising involvement of private sector is expected to enable Saudi Arabia to realize its ambitious "Saudi Arabia's National Transformation Plan, 2020" and implement "Comprehensive Public Transportation Plans" to additional five cities during the same period.

Furthermore, Saudi Arabia government has allocated around USD43.8 billion for transportation, telecommunications, water, agriculture and other related infrastructure projects, besides several metro development projects in major cities. Infrastructure development in the country is anticipated to boost the need for facility management. The facility management market in Saudi Arabia has initiated the consolidation by inviting several Tier 1 companies to meet the expected increase in demand originating from various End-users.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Saudi Arabia Facility Management Market

4. Executive Summary

5. Voice of Customer

6. Saudi Arabia Facility Management Market Outlook

7. Saudi Arabia Property Facility Management Service Market Outlook

8. Saudi Arabia Cleaning Facility Management Service Market Outlook

9. Saudi Arabia Security Facility Management Service Market Outlook

10. Saudi Arabia Support Facility Management Service Market Outlook

11. Saudi Arabia Catering Facility Management Service Market Outlook

12. Price Point Analysis

13. Market Dynamics

14. Market Trends & Developments

15. Policy & Regulatory Landscape

16. Saudi Arabia Economic Profile

17. Competitive Landscape

18. Strategic Recommendations

Companies Mentioned

  • 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

  • Marketed Branded/Generis/ Drugs Dosage, Patent, Price Insight

For more information about this report visit https://www.researchandmarkets.com/r/o0nu6h

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