Saudi Arabia Facility Management Market Growth, Demand & Opportunities. prnewswire.com

From $37,378.1 million in 2022, the Saudi Arabian facility management market will likely reach $87,248.7 million by 2030, witnessing an 11.2% CAGR, according to a research report by P&S Intelligence.

The major reasons behind the growth of this industry are the increasing construction activities and the growing leisure industry in the country. Saudi Arabia spends a considerable portion of its GDP on construction, to support tourism, which is driving the facility management service demand in the kingdom.
Furthermore, the rapid industrialization, adoption of the internet of things, swift industrial automation, and launch of employee engagement programs are projected to drive the growth of the market in the country.