The soaring investments being made in infrastructural development projects, the flourishing tourism sector, and the increasing number of construction activities in the country are some of the major factors driving the progress of the Saudi Arabia facility management market. As a result, the market attained a value of $32,480.4 million in 2019 and is predicted to reach a revenue of $76,244.9 million in 2030, exhibiting a CAGR of 9.3% from 2020 to 2030.

The mushrooming infrastructure industry is a major factor responsible for the growth of the market. The Saudi Arabian government is making huge investments in various massive construction projects in the country. For instance, the government launched the ‘Smart City’ initiative in 2017, under which, it will deploy smart parking solutions, smart lighting devices, environmental pollution tracking and monitoring systems, smart cameras, and smart solid waste disposal systems in various cities across the country.


The Ministry of Tourism in Saudi Arabia announced in June 2020 that it intends to launch a special fund for tourism development in the country. Moreover, the Ministry plans to invest $4 billion in the initiative. This initiative will massively bolster the tourism sector in the country in the coming years, which will, in turn, generate huge demand for facility management services across the country and drive the growth of the market in the future.



Residential, commercial, and industrial are the main categories under the end user segment of the market. Amongst these, the commercial category recorded the highest growth, in terms of revenue, in the market in the last few years. This is credited to the large-scale incorporation of facility management services for managing various commercial facilities such as offices, shopping complexes, recreational spaces, theaters, and malls. Additionally, the high requirement of contract management, property accounting, procurement management, and renting services in commercial spaces propelled the progress of the category in the market.

For detailed Market Insights visit: https://www.psmarketresearch.com/market-analysis/saudi-arabia-facility-management-market/report-sample