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The Saudi Arabian Facility Management Market was valued USD 24.15 Billion in 2019 and is forecast to grow at 7.64% CAGR during the forecast period, to reach USD 31.48 Billion by 2025.
Saudi Arabia is the largest market for facility management services in the Gulf Cooperation Council (GCC) region. The market for facility management in Saudi Arabia grew at a healthy pace during 2015-2019 due to increasing investments in the country s construction sector.
The Construction sector in Saudi Arabia contributes about 8% to the country s total GDP. Moreover, Saudi Arabia is poised to become one of the largest construction markets in the Middle East, with more than USD800 billion investments originating from large scale infrastructure projects in the country by 2030.
GCC Facility Management Market Report 2021: Market Reached a Value of $53,804 3 Million in 2019 and is Predicted to Generate Revenues of $137,297 8 Million by 2030
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GCC Facility Management Market Report 2021: Market Reached a Value of $53,804 3 Million in 2019 and is Predicted to Generate Revenues of $137,297 8 Million by 2030
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.