The Saudi Arabian facility management market was estimated to generate $37,378.1 million in 2022, and it is expected to grow at a CAGR of 11.2% during 2022–2030, to reach $87,248.7 million by 2030.
The key factors augmenting the growth of the industry are the rising construction activities and growing tourism in the region. The spending of a significant part of the GDP on construction and the strong government support for this sector are the primary factors driving facility management expenditure in the kingdom.
Thus, the Kingdom of Saudi Arabia's expanding infrastructure development projects, such as the Red Sea Project, Qiddiya Entertainment City, King Abdullah Financial District, and Neom City, as well as the Saudi Vision 2030 development plan, are expected to accelerate the growth of digital infrastructure and support business and corporate expansion.
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