Saudi Arabia, which has the highest demand for facilities management services in the Gulf Cooperation Council (GCC), accounted for more than half of the GCC facilities management market’s value in 2018. By 2030, the Saudi Arabian facilities management industry is expected to reach USD 52 billion (SAR 195 billion). Real estate, tourism, and retail are predicted to have significant growth under Saudi Vision 2030 throughout the forecast period. Facilities management services will help these industries by ensuring that they run smoothly.
Hard facilities management services are concerned with the operation and maintenance of a building’s electrical, mechanical, and civil structures. MEP service, building fabric maintenance, HVAC maintenance, fire and security system, and so on are examples of fundamental hard facilities management services. Several megaprojects under construction are expected to have a direct impact on the country’s Facilities Management market for hard facilities management services.
Soft facilities management services are best described as services that improve the working and living environment by making it more pleasant and safe. Cleaning, security, pest control, and customer service are examples of soft services. The rapid consolidation of the facilities management market, aided by the formation of numerous new integrated facilities management businesses in Saudi Arabia, is likely to increase demand for soft services in the country over the projection period.
A huge number of facilities management service providers have begun investing in Saudi Arabia in order to capitalize on prospects in the large market and grow their businesses by catering to demand from industries such as retail, tourism, and the service industry, among others. This would help to increase job possibilities, which is a key goal of the National Transformation Program 2020 and Vision 2030.
The industrial sector would have to play a big role in Saudi Vision 2030 expansion efforts, such as constructing local manufacturing units and developing export-oriented manufacturing centers, among other things. The industrial sector is expected to account for roughly 27% of the country’s GDP by 2022.
The expansion of the industrial base is predicted to increase demand for support services such as labor supply and support staff, which will enable industrial units run smoothly and remain competitive. Saudi Arabia has planned to create housing units to enable 58 percent of its inhabitants to own their own homes by 2022 as part of its Vision 2030 strategy to cater to its growing population. To make optimum use of residential space, the growing number of home deliveries would demand the provision of facilities management services, both hard and soft.