Saudi Arabia Facility Management Market Overview, Growth, Demand and Forecast Research Report by 2023

Saudi Arabia Facility Management Market Projected to Reach $42,560 Million by 2023. The growth of the market is mainly driven by the increasing construction activities in the country.The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in the country.

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Facility management refers to professional services covering multiple disciplines, in a bid to ensure functionality of the built structures through the integration of people, place, process, and technology. In brief, these are support services provided to the companies, such as cleaning, security, catering, support services, and others.

On the basis of service, the Saudi Arabian facility management market is segmented into property services, cleaning services, security services, catering services, support services, environmental management services, and other services. Other services include reception staffing, utility management, furniture supplies, and contract management.

Property services is expected to be largest category with an estimated contribution of more than 25.0% in the market, in 2017. Property services offer several benefits such as ensuring short vacancy cycles, better tenant retention, and various others. Owing to such benefits, the demand for this service type is growing in Saudi Arabia.

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Some of the major players operating in the facility management industry are EMCOR Group Inc., Khidmah LLC, Interserve plc, Enova Facility Management, Saudi Oger Ltd., Rezayat Group, Musanadah Facilities Management Co. Ltd., Nesma Trading Co. Ltd., Al Borj International, and Petrojana.

SAUDI ARABIA FACILITY MANAGEMENT MARKET SEGMENTATION
By Service

• Property
• Cleaning
• Security
• Catering
• Support
• Environmental Management
• Others

By End User

• Commercial
• Residential
• Industrial

By Mode

• In-House
• Outsourced

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