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

Saudi Arabia Soft Facility Management Industry Overview

The Saudi Arabian soft facility management is fragmented, and FM companies are incorporating technologies into their services, strengthening their facility management service portfolio. A significant number of joint ventures/acquisitions were made with rising large-scale projects. Therefore, the intensity of competitive rivalry is high. Some players include Khidmah Sole Proprietorship LLC (Aldar Properties PJSC), ASMACS Group, Crystal Facilities Management Limited, Initial Saudi Group, and SGS Saudi Arabia (SGS SA).

• February 2024: Hassan Allam Holding revealed that its subsidiary, Kortech, secured comprehensive mechanical and electrical works for the headquarters of a leading developer in Saudi Arabia. The project is located in the King Abdullah Financial District (KAFD) in Riyadh. Kortech's extensive responsibilities span the 23rd to the 30th floor of Tadawul Tower. Its work includes electrical systems, fire-fighting systems, plumbing, HVAC, ELV ICT and communication solutions, data centers, broadcast systems, and 4K video walls, all contributing to a built-up area of approximately 21,000 sq. m.
• January 2024: Kortech, a subsidiary of Hassan Allam Holding and a leading engineering and construction company in the MENA region, announced a significant milestone. Their joint venture with Sharqawi, a Saudi electromechanical contractor, secured a major contract for a medical wellness resort. This resort is located within Amaala Triple Bay, an ultra-luxury destination on Saudi Arabia's northwestern coast. The project scope includes comprehensive mechanical, electrical, and plumbing (MEP) works for a 75-key hotel, 13 branded residences, and villas, covering a total built-up area of 175,000 sq. m. The work encompasses HVAC systems, electrical and light current systems, and fire-fighting & fire alarm systems.