Key Findings
- Residential units would be a major booming segment to focus on due to the rising younger population, ex-pats, government-sponsored affordable housing programs to the poor population.
- In future years, companies need to increase their service portfolio adding new building management, energy management services and other as per the changing demand patterns.
- Rapid real estate development in terms of smart city development, new infrastructure developments, and focus on tourism and hospitality promotion are the supporting factor for commercial facility management services revenue.
Focus on Green Building Management: Green buildings aim at increasing the efficiency of resource usage while minimizing their negative impact on humans and surroundings. Saudi Arabia Green Building Forum is a providing leadership and encouraging collaboration in conducting environmentally sustainable practices for green building design and development.
Inclusion in Real Estate Plans: Facility managers are consulted at the start of the design phase to provide feedback on effective utilization of project area, landscaping, fire and safety systems and lifecycle cost analysis of the building. International companies are forming a strategic alliance with local companies to penetrate the Saudi Market. Examples: Zamil group and International Maritime Industries launch OSV joint venture. The new joint venture would address the needs of the local market but also go beyond that and compete in the regional and international arena.
New Trends: Growing trend towards adopting sustainable practices is also expected to contribute positively to the demand for Facility management services. The share of Integrated Facility management (Total Energy management) would increase due to changes in customer preference, cost and operational efficiency. Growth in construction activities, banking, IT and telecommunication sectors have increased the demand for IFM services as more companies have begun outsourcing their non-core activities. Increasing number of multinational companies have begun outsourcing contracts for integrated facilities management.
Analysts at Ken Research in their latest publication “KSA Facility Management Market Outlook to 2026F- Driven 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
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY3
- By End User Sector
- Commercial (Includes Offices, retail, infrastructural)
- Residential
- Industrial
- 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
