Saudi Arabia Facility Management Market
The Saudi Arabia Facility Management market was valued at USD 26.3 million in 2023, and it is projected to reach USD 58.8 million by 2034, at an estimated CAGR of 8.7% during the forecast period.
Business Trends
Digital Transformation:
The adoption of digital technologies such as IoT, AI, and cloud computing is transforming facility management operations. Companies are leveraging data analytics and smart building solutions to optimize energy usage, improve maintenance efficiency, and enhance occupant experience.
Sustainability Initiatives:
There is a growing emphasis on sustainability in facility management practices. Companies are implementing eco-friendly solutions to reduce energy consumption, minimize waste generation, and lower carbon emissions. Green building certifications such as LEED and Estidama are becoming more prevalent as organizations strive to meet sustainability goals.
Outsourcing of Facility Management Services:
Organizations are increasingly outsourcing facility management services to third-party providers to streamline operations, reduce costs, and focus on core business activities. This trend is driving demand for integrated facility management solutions that offer a comprehensive range of services tailored to client needs.
Demand for Integrated Services:
Clients are seeking integrated facility management solutions that encompass both hard and soft services. This includes services such as building maintenance, HVAC systems, janitorial services, security, and landscaping. Integrated solutions offer convenience, efficiency, and cost savings by consolidating multiple services under a single provider.
Focus on Health and Safety:
In light of the COVID-19 pandemic, there is heightened awareness of health and safety in facilities. Companies are implementing stringent cleaning and disinfection protocols, implementing social distancing measures, and enhancing indoor air quality to create safe and healthy environments for occupants.
Smart Cities Development:
Saudi Arabia is investing in smart cities development projects such as NEOM, Qiddiya, and the Red Sea Project. These initiatives aim to create sustainable, technologically advanced urban environments that prioritize innovation, connectivity, and efficiency. Facility management will play a crucial role in ensuring the seamless operation and maintenance of smart city infrastructure.
Regulatory Compliance:
Compliance with local regulations and standards is a key consideration for facility management companies operating in Saudi Arabia. Companies must stay updated on regulatory requirements related to building codes, health and safety regulations, environmental standards, and labor laws to ensure compliance and mitigate risks.
- Chapter 1 Executive Summary
- 1.1 Business Trends
- 1.1.1 Digital Transformation:
- 1.1.2 Sustainability Initiatives:
- 1.1.3 Outsourcing of Facility Management Services:
- 1.1.4 Demand for Integrated Services:
- 1.1.5 Focus on Health and Safety:
- 1.1.6 Smart Cities Development:
- 1.1.7 Regulatory Compliance:
- 1.2 Facility Management Market: COVID-19 Outbreak
- 1.2.1 Increased Focus on Health and Safety:
- 1.2.2 Remote Work and Flexible Work Arrangements:
- 1.2.3 Rise in Demand for Contactless Solutions:
- 1.2.4 Challenges in Maintenance and Service Delivery:
- 1.2.5 Financial Constraints and Budgetary Pressures:
- 1.2.6 Accelerated Adoption of Technology:
- 1.2.7 Shift in Client Priorities:
- Chapter 2 Introduction
- 2.1 Market Research Methodology
- 2.1.1 Research Process
- 2.1.2 Primary Research
- 2.1.3 Secondary Research
- 2.1.4 Data Collection Technique
- 2.1.5 Data Sources
- 2.2 Market Estimation Methodology
- 2.2.1 Limitations of the Study
- 2.3 Product Picture of Facility Management
- 2.4 Saudi Arabia Facility Management Market: Classification
- 2.5 Years Considered for the Study
- Chapter 3 Market Characteristics
- 3.1 Market Definition
- Chapter 4 Saudi Arabia Facility Management Market Insights
- 4.1 Covid-19 impact on Global economy
- 4.2 Industry Value Chain
- 4.2.1 Primary Activities
- 4.2.2 Support Activities:
- Chapter 5 Macroeconomic Indicators
- 5.1 Macro Economic Outlook
- 5.1.1 Selected Economies Real GDP Growth (% change)
- Chapter 6 Recent Developments
- 6.1 Recent Developments
- 6.1.1 Integration of IoT and Smart Building Technologies:
- 6.1.2 Focus on Sustainability and Green Building Practices:
- 6.1.3 Shift towards Outcome-Based Solutions:
- 6.1.4 Rise of Remote and Digital Solutions:
- 6.1.5 Enhanced Focus on Health and Wellness:
- 6.1.6 Demand for Flexible and Agile Solutions:
- 6.1.7 Emphasis on Data-Driven Decision Making:
- Chapter 7 Market Dynamics
- 7.1 Drivers
- 7.1.1 Increasing construction activities in the country
- 7.1.2 Growing tourism industry
- 7.2 Restraints
- 7.2.1 Legal marketplace of the country
- 7.2.2 Stringent Labor Laws in Saudi Arabia
- 7.3 Opportunities
- 7.3.1 Expansion Due to Vision 2030 Initiatives
- 7.3.2 Technological Advancements and Smart Facilities
- 7.4 Market Trends
- 7.4.1 Growth Driven by Vision 2030 Projects:
- 7.4.2 Technological Advancements and Smart Facility Management:
- 7.4.3 Sustainability and Green Building Initiatives:
- 7.4.4 Outsourcing of Facility Management Services:
- 7.4.5 Increased Focus on Health and Safety:
- 7.4.6 Expansion of the Residential Sector:
- 7.4.7 Increased Investment in Training and Workforce Development:
- 7.4.8 Enhanced Regulatory Environment:
- Chapter 8 Risk Analysis
- 8.1 Demand & Supply Risk
- 8.1.1 Demand Risks:
- 8.1.2 Supply Risks:
- 8.2 Recent developments around Facility Management industry (2021 – till date)
- Chapter 9 Market Analysis
- 9.1 Porter’s Analysis
- 9.1.1 Supplier Power
- 9.1.2 Buyer Power
- 9.1.3 Substitution Threat
- 9.1.4 Threat from New Entry
- 9.1.5 Competitive Rivalry
- 9.2 PESTEL Analysis
- 9.2.1 Political
- 9.2.2 Economic Factors:
- 9.2.3 Social Factors:
- 9.2.4 Technological Factors:
- 9.2.5 Environmental Factors:
- 9.2.6 Legal Factors:
- Chapter 10 Saudi Arabia Facility Management Market
- 10.1 Saudi Arabia Facility Management
- 10.1.1 Saudi Arabia Facility Management Market Revenue (USD Million), 2016 – 2022
- Chapter 11 Saudi Arabia Facility Management Market Analysis Forecast
- 11.1 Saudi Arabia Facility Management Market
- 11.1.1 Saudi Arabia Facility Management Market, by Service 2018 - 2034
- 11.1.2 Saudi Arabia Facility Management Market, by End-user 2018 - 2034
- 11.1.3 Saudi Arabia Facility Management Market, by mode, 2018 – 2034
- 11.1.4 Saudi Arabia Facility Management Market, by type, 2018 – 2034
- Chapter 12 Competitive Landscape
- 12.1 Facility Management Market Share 2023
- Chapter 13 Competitive Analysis
- 13.1 EMCOR Group Inc.
- 13.1.1 Business Overview
- 13.1.2 EMCOR Group Inc. Business Financials (USD Million)
- 13.1.3 EMCOR Group Inc. Product Category, Type and Specification
- 13.1.4 EMCOR Group Inc. Main Business/Business Overview
- 13.1.5 EMCOR Group Inc. Recent Development
- 13.1.6 Swot Analysis
- 13.2 Khidmah LLC
- 13.2.1 Business Overview
- 13.2.2 Khidmah LLC Business Financials (USD Million) (Aldar Properties PJSC)
- 13.2.3 Khidmah LLC Product Category, Type and Specification
- 13.2.4 Khidmah LLC Main Business/Business Overview
- 13.2.5 Khidmah LLC Recent Development
- 13.2.6 Swot Analysis
- 13.3 Interserve plc
- 13.3.1 Business Overview
- 13.3.2 Interserve plc Business Financials (USD Million)
- 13.3.3 Interserve plc Product Category, Type and Specification
- 13.3.4 Interserve plc Main Business/Business Overview
- 13.4 Enova Facility Management
- 13.4.1 Business Overview
- 13.4.2 Enova Facility Management Business Financials (USD Million)
- 13.4.3 Enova Facility Management Product Category, Type and Specification
- 13.4.4 Enova Facility Management Main Business/Business Overview
- 13.4.5 Enova Facility Management Recent Development
- 13.4.6 Swot Analysis
- 13.5 Rezayat Group
- 13.5.1 Business Overview
- 13.5.2 Rezayat Group Business Financials (USD Million)
- 13.5.3 Rezayat Group Product Category, Type and Specification
- 13.5.4 Rezayat Group Main Business/Business Overview
- 13.5.5 Swot Analysis
- 13.6 Musanadah Facilities Management Co. Ltd
- 13.6.1 Business Overview
- 13.6.2 Musanadah Facilities Management Co. Ltd Business Financials (USD Million)
- 13.6.3 Musanadah Facilities Management Co. Ltd Product Category, Type and Specification
- 13.6.4 Musanadah Facilities Management Co. Ltd Main Business/Business Overview
- 13.6.5 Swot Analysis
- 13.7 Nesma Trading Co. Ltd
- 13.7.1 Business Overview
- 13.7.2 Nesma Trading Co. Ltd Business Financials (USD Million)
- 13.7.3 Nesma Trading Co. Ltd Product Category, Type and Specification
- 13.7.4 Nesma Trading Co. Ltd Main Business/Business Overview
- 13.7.5 Swot Analysis
- 13.8 Al Borj International
- 13.8.1 Business Overview
- 13.8.2 Al Borj International Business Financials (USD Million)
- 13.8.3 Al Borj International Product Category, Type and Specification
- 13.8.4 Al Borj International Main Business/Business Overview
- 13.8.5 Swot Analysis
- 13.9 Petrojana
- 13.9.1 Business Overview
- 13.9.2 Petrojana Business Financials (USD Million)
- 13.9.3 Petrojana Product Category, Type and Specification
- 13.9.4 Petrojana Main Business/Business Overview
- 13.9.5 Swot Analysis
- 13.10 Al Hajry Overseas Co. Ltd.
- 13.10.1 Business Overview
- 13.10.2 Al Hajry Overseas Co. Ltd. Business Financials (USD Million)
- 13.10.3 Al Hajry Overseas Co. Ltd. Product Category, Type and Specification
- 13.10.4 Al Hajry Overseas Co. Ltd. Main Business/Business Overview
- 13.10.5 Swot Analysis
- Chapter 14 Recommendations
- Disclaimer
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