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Posted on 227 ResearchAndMarkets.com’s offering. 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. Saudi Arabia has planned to emphasize on the greater participation of private sector for t ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Saudi Arabia Facility Management Market Competition, Forecast & Opportunities 2015-2025 - ResearchAndMarkets.com February 17, 2021 GMT DUBLIN (BUSINESS WIRE) Feb 17, 2021 ADVERTISEMENT 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. ....