The important factors supplementing the development of the industry are the increasing construction activities and increasing tourism. The spending of a substantial part of the gross domestic product on construction and the strong support of the government for this sector are the key factors powering facility management outlay.
The soft services category held the largest share, about 70%, in 2022. The category is powered by the high acceptance of support, cleaning, catering, and security services by private and public institutions and complexes.
Browse detailed report - Saudi Arabia Facility Management Market Analysis and Demand Forecast Report
The King Abdullah Economic City, which was fashioned through a private-public collaboration amid the Saudi Arabian administration and private investors, is the major privately funded economic zone globally. A gateway for logistics and trade KAEC gives businesses access to a quickly expanding market.
Furthermore, the industry and manufacturing is growing significantly.
Above 100 national and worldwide firms in the consumer products, logistics, automotive, and pharma industries have processes in the city.
A bonded zone and urbane storage operations will be added to the city in the years, to come which would surge the demand for FM.
The rising construction activities, and growing tourism industry has a lot to do with the facility management market in Saudi Arabia, in the years to come.