Kingdom Booming Infrastructure Propels KSA Facility Management Market to 7.8% CAGR, Driven by Vision 2030 and Sustainability Focus: Ken Research
Several key factors are propelling the KSA FM market towards a bright future:
- Several key factors are propelling the KSA FM market towards a bright future:
Mega-Projects: The upcoming 2032 Asian Winter Games and other large-scale infrastructure projects require efficient facility management solutions, creating significant demand for FM services. - Vision 2030: The government's ambitious Vision 2030 plan emphasizes the development of smart cities and sustainable infrastructure, driving the adoption of advanced FM practices.
- Specialized Service Providers: Niche players focus on specific segments like sustainability consulting, smart FM technologies, or healthcare facility management.
- Building owners and occupants: Understand the benefits of professional FM, make informed decisions about service providers, and optimize facility management practices.