How big is the Saudi Arabia Facility Management Market?

The Saudi Arabia Facility Management Market size is expected to reach USD 27.58 billion in 2024 and grow at a CAGR of 12.48% to reach USD 49.66 billion by 2029. Read More

What is the current Saudi Arabia Facility Management Market size?

In 2024, the Saudi Arabia Facility Management Market size is expected to reach USD 27.58 billion. Read More

Who are the key players in Saudi Arabia Facility Management Market?

Initial Saudi Group (Alesayi Holding), EMCOR Saudi Company Limited, Almajal G4S (Allied Universal), SETE Energy Saudia for Industrial Projects Ltd (SETE Saudia) and Zomco (ZAMIL Operations & Maintenance) (ZAMIL Group) are the major companies operating in the Saudi Arabia Facility Management Market. Read More

What years does this Saudi Arabia Facility Management Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Facility Management Market size was estimated at USD 24.14 billion. The report covers the Saudi Arabia Facility Management Market historical market size for years: 2022 and 2023. The report also forecasts the Saudi Arabia Facility Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Saudi Arabia Facility Management Market

Saudi Arabia Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top Facility Management Companies in Saudi Arabia and It is Segmented by Service Type (Hard Services (Asset Management, MEP and HVAC Services, Fire Systems and Safety, and Other Hard FM Services), Soft Services (Office Support and Security, Cleaning Services, Catering Services, and Other Soft FM Services)), Offering Type (In-House Facility Management and Outsourced Facility Management (Single FM, Bundled FM, and Integrated FM)) and End-User Industry (Commercial, Retail, and Restaurant, Manufacturing and Industrial, Government, Infrastructure and Public Entities, Institutional, and Other End-User Industries), and by Region (Jeddah, Riyadh and the Rest of Saudi Arabia). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Saudi Arabia Facility Management Industry Overview

The Saudi Arabian facility management market is fragmented, with the presence of major players like Initial Saudi Group (Alesayi Holding), EMCOR Saudi Company Limited, Almajal G4S (Allied Universal), SETE Energy Saudia for Industrial Projects Ltd (Sete Saudia), and Zamil Operations and Maintenance Company (Zamil Group). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

November 2023 - In a strategic sustainability partnership with Enova, Saudi Arabia's National Energy Services Company, TARSHID, launched energy-saving guarantee projects in public sector buildings. Spearheading this initiative, TARSHID collaborates with Enova to conduct audits and enhance energy efficiency at various sites, including those of the Saudi Standards, Metrology, and Quality Organization (SASO) and the Ministry of Municipal, Rural Affairs, and Housing (MOMRAH).
September 2023 - AlesayiHolding Group strived toward growth and diversification by acquiring 85% of Initial Saudi Group, a leading facilities and workforce management group with over 40 years of operating experience. The agreement was signed by AlesayiHolding Group CEO and Initial Saudi Group's board member. Initial Saudi Group operates through its two major firms, Initial Facilities Management and Workforce Saudia. With over 25,000 associates, Initial provides various services across Saudi Arabia, including cleaning, security, engineering, support, pest control, and landscaping. The acquisition is driven by AlesayiGroup's primary focus on extending and diversifying its service offerings to cater to the growing demand for workforce services for the rising industries and emerging possibilities within the Saudi Vision 2030 framework, along with enabling seamless integration between the Group's sectors and companies.