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KSA Facility Management Market 2026 Outlook, Size, Share & Growth Rate: Ken Research

Adoption of Advanced Technology, Integrated Services are contributing to the growth of Facility Management Industry in KSA: Ken Research

Increasing demand for Residential Units: The demand for residential housing units is rapidly increasing in Saudi Arabia. Factors responsible for such growth are growth in the young population, an increase in the immigrant population, rising income levels, and the introduction of a number of recent government reforms to ease access to mortgage finance. The Government policies like 15% VAT exemption on real estate deals, large scale affordable housing program are boosting residential real estate, thereby contributing to the market growth.

KSA Facility Management Market

Focus on Tourism Industry: Tourism department signed MOUs with local banks to finance projects valued up to $40 Bn to stimulate tourism investment. In June 2020, the Ministry of Tourism announced plans to start a Tourism Development Fund with an initial $4 Bn investment. The government is promoting tourism in KSA leading to the development of hotels, resorts, shopping complexes, which is increasing the demand for various facility management services.

Saudi Vision 2030: Saudi Vision 2030 is a strategic framework to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors.

Under the program, the government has announced to deploy public-private partnerships to glorify its transportation, educational, healthcare, infrastructure projects which is further boosting the demand for facility management services.

Price Sensitivity: Saudi facility management market is highly competitive with many players operating in the country at the similar levels of revenues and margins. High price sensitivity amongst the end users, leading them to prioritize cost of services over quality makes the price competition adverse among the service providers. This is mainly due to the low awareness amongst end users about the benefits of using Facility Management services.

Analysts at Ken Research in their latest publication KSA Facility Management Market Outlook to 2026FDriven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country” By Ken Research observed that Facility Management market is an emergent market in KSA at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for facility services, inclusion in real estate plans along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report

KSA Facility Management Market

  • By Type of Services
  • Soft Services
  • Hard Services
  • By Soft Services
  • Housing keeping
  • Security
  • Landscaping
  • Others
  • By Hard Services
  • Electromechanical Services (including HVAC)
  • Operations and Maintenance Services
  • Fire Safety and Security Systems
  • By Service Type
  • Integrated facility management (IFM)
  • Bundled services
  • Single services
  • By End User Sector
  • Commercial (Includes Offices, retail, infrastructural)
  • Residential
  • Industrial

Download for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY3

  • By Personal Type
  • Outsourced Personnel
  • In-House Personnel

Key Target Audience

  • Factories
  • Plants and Industries
  • Hotels
  • Hospitals
  • Malls
  • Companies and offices
  • Tourism Agencies
  • Government Bodies & Regulating Authorities
  • Facility management companies
  • Real estate companies

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecast Period: 2021-2026F

Companies Covered:

  • Al Yamama
  • Aljahrary Overseas
  • Zahran Operations & Maintenance
  • Zamil Operations and Maintenance
  • Almaja G4sl Facility Management
  • Initial Saudi
  • Safari
  • ENOVA
  • Nesma United
  • Alborj Facility Managment
  • Khidmaah
  • Saudi Emcor (EFS)
  • Musanadah Facilities Management (MFM) 
  • El Seif (ESOM)

Key Topics Covered in the Report

  • Saudi Arabia Real Estate Market Overview, 2021
  • Major Real Estate Giga Projects in Saudi Arabia
  • Saudi Arabia Facility Management Market Ecosystem
  • Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
  • Value Chain & Vendor Selection Process of KSA Facility Management Market
  • Business Acquisition Process in Saudi Arabia Facility Management Market
  • Saudi Arabia Facility Management Market Size, 2021
  • Saudi Arabia Facility Management Market Segmentation, 2021
  • SWOT Analysis of Saudi Arabia Facility Management Market
  • Key Growth Drivers in Facility Management Market in Saudi Arabia
  • Trends and Developments in Saudi Arabia Facility Management Market
  • Major Challenges Faced by the Saudi Arabia Facility Management Market
  • Competition Framework for Saudi Arabia Facility Management Market
  • Future Outlook and Projections of the Industry, 2021-2026F
  • Market Opportunities and Analyst Recommendations

For more information on the research reports, refer to below link:

KSA Facility Management Market Outlook to 2026F: Ken Research

Related Reports:

Qatar Facility Management Market Outlook to 2026F- Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure

Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)

Vietnam Facility Management Market Outlook to 2023 – By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)

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