How Is Infrastructure Development Supporting Saudi Arabia Facility Management Market Growth?

Factors such as surging construction activities and flourishing tourism industry are expected to accelerate the Saudi Arabian facility management market at a CAGR of 11.1% during the forecast period (2021–2030). According to P&S Intelligence, the market was valued at $31,264.1 million in 2020 and it is projected to reach $87,216.0 million by 2030. The market growth is also supplemented by the increasing investments in infrastructure development. Moreover, the trends of energy monitoring, robot usage, and heating, ventilation, and air conditioning (HVAC) optimization are also supporting the market growth.

The bolstering infrastructure industry, primarily on account of rising number of ongoing and upcoming construction plans, will support the demand for facility management services in Saudi Arabia in the coming years. Also, increasing investments in the infrastructure sector and rising government support for infrastructure development will fuel the market growth. For instance, in January 2019, the government unveiled its plan to invest $426 billion by 2030 to develop infrastructure and end-use industries.

The Saudi Arabian facility management market is characterized by the presence of numerous players, who have entered into small contracts, in recent years, to offer services at mega-infrastructure units, such as Amaala, Qiddiya, and King Salman Park. Apart from this, the companies are also aiming at landing bigger contracts to gain a competitive edge in the market. For instance, in August 2020, APSG Group announced that it has successfully started the provision of maintenance, hospitality, and cleaning services at Alrajhi Bank’s more than 150 branches and 612 ATMs in the southern part of Saudi Arabia.

Thus, the booming tourism sector and the strengthening infrastructure industry will support the market growth in the coming years.

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