Saudi Arabia Cleaning Services Market
is anticipated to grow at a high CAGR in
the forecast period 2024-2028. There
are various factors which help to enhance the market of cleaning services for
instance, rising in the real estate industry, growing tourism, Saudi Vision 2030 among others are
forecasting significant growth in the upcoming years 2024-2028F. Throughout
the projection period, it is anticipated that the number of cleaning service
providers delivering construction-type and/or contract-type cleaning services
to residential and commercial developments is expected to increase.
Cleaning is the process of eliminating pollutants, such as dirt,
pathogens, and other impurities, from a space or an object. Cleaning is done in
several places and ways. The cleaning industry employs many people. Cleaning
services include washing windows, mopping floors, vacuuming, cleaning
furniture, cleaning carpets, cleaning air ducts, repairing water damage, and
other related tasks. Both business and residential clientele utilize these
services. Commercial clients include offices, schools, hospitals, colleges,
health facilities, big-box retailers, small-box stores, and others. Urban lifestyle
of individuals has increased demand for these services.
Booming Tourism and Hospitality Sector
Saudi Arabia's tourism and hospitality industry has been on the rise due
to significant expenditures made by the nation in infrastructural growth. The
kingdom of Saudi Arabia (KSA) is being prepared for INDEX Saudi Arabia, a
trade show for interior design, furniture, etc., which took place in
September 2022, by making these investments with the dual goals of attracting
tourists and boosting the economy. To attract more visitors and develop the
nation's tourism and hospitality infrastructure, the government has allocated
USD 810 million for initiatives in the arts, recreation, and entertainment.
According to the Ministry of Tourism, Saudi Tourism Authority and Tourism
Development Fund, the Travel & Tourism Sector's GDP contribution is
anticipated to be greater than 10% by 2030. Therefore, the market for cleaning
services is expected to boost the Saudi Arabia Cleaning Service Market in the
forecast period.
Growing Smart Cities Concept
In line with the "Saudi Vision 2030" and city-level
initiatives like the Red Sea Development Project and the King Abdullah Economic
City, which promote sustainable infrastructure development, Saudi Arabia plans
to establish several smart sustainable cities around the nation. Smart cities,
according to Saudi Arabia, are environmentally conscious urban construction
projects that are technologically integrated with cutting-edge ICT (Information
& Communication Technologies) and the Internet of Things (IoT). Saudi
Arabia has made significant advancements in creating smart cities, with major
initiatives including Al-Qiddiya, Entertainment City, the Neom, Al Faisaliah
City, King Abdullah Financial District, Dahiyat Al Fursan, and transforming
Makkah, Riyadh, Jeddah, Al-Madinah, and Al-Ahsa into smart cities. As a result,
the country's planned smart, sustainable towns are being built to conform with
green building regulations. Such lofty objectives should provide plenty of
opportunity for Saudi Arabia's licensed cleaning services businesses.
Growing Awareness Regarding Safe Work Environment
The COVID 19 pandemic has impacted attitude of people on hygiene
and a safe working environment. The pandemic has increased the importance of
cleaning services sector more than ever. This is because facility management
businesses and managers are being forced to hire more people and allocate more
resources to limit the spread of viruses due to the rising need for
sanitization and maintaining good hygiene everywhere. Hence, over the projected
period of 2024–2028, Saudi Arabia, the market growth for cleaning services is
expected to grow.
Upcoming mega projects enhance the cleaning services market across Saudi Arabia.
Saudi Arabia to establish a sovereign wealth fund with a USD 2
trillion cap as part of the Saudi Vision 2030 to finance the vision's
accompanying development initiatives. This is likely to propel the cleaning services market across the
nation.