Saudi Arabia is the largest market for facility management services in the Gulf Cooperation Council (GCC) region. The market for facility management in Saudi Arabia grew at a healthy pace during 2015-2019 due to increasing investments in the country’s construction sector.
New York, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Saudi Arabia Facility Management Market, By Service, By End User, Competition, Forecast & Opportunities, 2015 – 2025" - https://www.reportlinker.com/p05774152/?utm_source=GNW
Construction sector in Saudi Arabia contributes about 8% to the country’s total GDP.Moreover, Saudi Arabia is poised to become one of the largest construction markets in the Middle East, with more than USD800 billion investments originating from large scale infrastructure projects in the country by 2030.
Saudi Arabia has planned to emphasize on the greater participation of private sector for the development of its infrastructure, most likely through public private partnerships (PPPs). The rising involvement of private sector is expected to enable Saudi Arabia to realize its ambitious “Saudi Arabia’s National Transformation Plan, 2020” and implement “Comprehensive Public Transportation Plans” to additional five cities during the same period.
Furthermore, Saudi Arabia government has allocated around USD43.8 billion for transportation, telecommunications, water, agriculture and other related infrastructure projects, besides several metro development projects in major cities. Infrastructure development in the country is anticipated to boost the need for facility management. The facility management market in Saudi Arabia has initiated the consolidation by inviting several Tier 1 companies to meet the expected increase in demand originating from various end users.
The upcoming and ongoing infrastructural projects in Saudi Arabia are expected to bolster the demand for facility management services in the country.For instance, Jeddah Metro Project in Saudi Arabia is expected to be completed by end of 2020 and is anticipated to propel the demand for facility management services in the coming years.
The project is being developed by Metro Jeddah Project Company and Jeddah Municipality at a budget of around USD35 billion. The project includes a metro network and light rail transit system of 109 km with a bus transit system, marine transport line, Corniche tram systems and public transportation systems, which are likely to require facility management services for their upkeep and maintenance, thereby positively influencing the country’s facility management market and giving it a further boost.
Leading companies operating in the Saudi Arabia facility management market include Saudi EMCOR Company Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management Services LLC, Muheel Services For Maintenance & Operations LLC, Musanadah Facilities Management Company Ltd., Al Mahmal Facilities Services, Al Khozama Facility Management Services, Five Moons Company Ltd., Takamul AlOula Facility Management, Al Borj Facility Management, Saudi Binladin Group Operation & Maintenance, and others.
Years Considered for this Report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• The primary objective of the study was to evaluate and forecast facility management market size in Saudi Arabia.
• To categorize the market by service type - property, cleaning, security, support, catering and others; by end user - commercial, industrial and residential; and by region – Makkah, Riyadh, Eastern Province and Rest of Saudi Arabia.
• To understand major policy changes and regulations impacting Saudi Arabia facility management market.
• To perform pricing analysis and identify major drivers of Saudi Arabia facility management market.
• To identify and profile major companies in facility management market in Saudi Arabia.
To analyze and forecast Saudi Arabia facility management (FM) market, the analyst considered both top down and bottom up approach.Multiple employees of companies operating in the FM market have been interviewed through telephonic conversations to understand historical and present trends.
Moreover, a detailed and in-depth scrutiny of data by service, by end user and by region was carried out to understand factors that could impact the demand for facility management services in Saudi Arabia.
A brief study of the major players in the facility management market was carried out to collect information such as investments and expected year of ongoing infrastructure projects along with the expansion plans of various other infrastructure and construction projects in the country. To prepare the report, data was also studied from various secondary sources such as white papers and secondary literature on facility management market, World Bank Economic Data, OPEC annual statistical bulletin 2018, General Authority of Statistics, Saudi Vision 2030 and several other statistical documents.
Key Target Audience:
• Facility management service providers and other stakeholders
• Major end users of facility management services in industrial, commercial and residential segments
• Organizations, forums and alliances related to facility management market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful for providing key information to industry stakeholders such as facility management service providers, customers and policymakers. This study would help them to decide which market segments to be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, Saudi Arabia facility management market has been segmented into the following categories:
• Market, by Service:
• Market, by Application:
• Market, by Region:
o Eastern Province
o Rest of Saudi Arabia
Competition Benchmarking: Benchmarking of leading players on the basis of type of services provided by them.
Company Profiles: Detailed analysis of the major companies operating in Saudi Arabia facility management market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05774152/?utm_source=GNW
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