2030 Facilities Management & Cleaning Market in Saudi Arabia - Tech Sci Research
Saudi Arabia FM Market
Saudi Arabia, being the largest market for facilities management services in the Gulf Cooperation Council (GCC) region, accounted for a value share of more than 50% in the GCC facilities management market in 2018. The Saudi Arabia facilities management market is projected to reach USD50.15 billion by the end of 2030.
Under Saudi Vision 2030, sectors such as real estate, tourism and retail are expected to witness a major boost during the forecast period. Facilities management services would support these sectors by ensuring their smooth operational performance.
Saudi Arabia Cleaning Market
The Saudi Arabia cleaning service market is estimated to reach USD8.35 billion by 2030. Under Saudi Vision 2030, construction of economic cities in the country has been planned with a provision for tourism, industrial and logistics sectors.
These facilities would require soft services for ensuring the smooth operation of infrastructure development projects. Large-scale construction projects aimed at serving the commercial and residential purposes would promulgate the demand for cleaning facilities management services in Saudi Arabia during the forecast period.