Press Release

Saudi Arabia Facility Management Market to Grow at 13% during 2017 – 2022

Increasing investments in infrastructure projects and rapid consolidation of major players to positively influence Saudi Arabia facility management market through 2022

According to recently released TechSci Research report, SaudiArabia Facility Management Market By Service, By Application, By Company Standard, Competition Forecast & Opportunities, 2022, the facility management market in Saudi Arabia is projected to grow at a CAGR of around 13% during 2017 – 2022. Saudi Arabia is the largest market for facility management services in the Gulf Cooperation Council (GCC). Growth in the market is anticipated on account of increasing consolidation of companies operating in the country’s facility management market due to the influx of international suppliers coupled with growing infrastructure-based developments.

Browse 13 market data Tables and 35 Figures spread through 110 Pages and an in-depth TOC on "Saudi Arabia Facility Management Market"

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Growing construction sector is another major factor aiding the country’s facility management market. During 2011 – 2015, the total spending on construction sector in Saudi Arabia grew at a CAGR of  more than 5%, and the same trend is expected to continue in coming years as well, thereby propelling demand for facility management services during forecast period. Saudi Arabia is also known as “The Land of Two Holy Mosques’’. Large number of pilgrims visit Mecca and Medina every year for Haj and Umrah, thereby generating growth opportunities for hospitality and construction industries in the country. All these factors are anticipated to drive Saudi Arabia facility management market through 2022.

Makkah province is anticipated to dominate facility management market in the country during the forecast period. Jeddah, which is located in Makkah province, is one of the major business hubs of the country, thereby high concentration of population is residing in the city. Moreover, increase in tourist footfall has made the region one of the prominent travel destinations in the Middle East. As a result, out of the total 35,770 rooms, which are under construction in Saudi Arabia as of 2017, around 24,133 rooms are being constructed in Makkah. The development of these rooms is expected to boost the demand for facility management services in Makkah during forecast period. 

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“Development activities in real estate sector directly influence the demand for facility management services. Under the Saudi Vision 2030, Saudi Arabia government has planned to develop housing units to cover around 50% of its citizens by 2020. This development would certainly increase the need for facility management services in the country. Further, development of infrastructure projects such as expansion of Makkah Haram, Haramain railway, various universities, hospitals, etc., is expected to propel demand for facility management services through 2022,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Facility Management Market By Service, By Application, By Company Standard, Competition Forecast & Opportunities, 2022has evaluated the future growth potential of facility management market in Saudi Arabia and provided statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Saudi Arabia facility management market.


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