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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.
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The Saudi Arabian Bus Market was valued around USD 13.51 Billion in 2019 and is projected to grow at CAGR of 8.52% during the forecast period on account of growing inclination of the population towards public transportation.
Furthermore, as part of the Saudi Vision 2030, the country is planning to promote and enhance public transport in the country, which is anticipated to positively influence the market growth over the coming years.
The Saudi Arabian Bus Market can be segmented based on bus length, seating capacity, fuel type, application and region. In terms of seating capacity, the market can be segregated into 15-30, 30-40, 40-50 and above 50. Among these, 30-40 segment dominated the market as it is the preferred segment on account of easy boarding, even with a stroller or wheelchair. Additionally, it can easily store large volumes of luggage.
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
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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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Saudi Arabia $1.87 Billion Telecom ICT Infrastructure Market, Forecast & Opportunities, 2021-2025 - ResearchAndMarkets.com
January 25, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 25, 2021
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The Saudi Arabian Telecom ICT Infrastructure Market was valued USD 1510.3 Million in 2019 and is forecast to grow at 5.74% until 2025 to reach USD 1879.35 Million in the next five years.
Growing popularity of smart devices coupled with increasing broadband & mobile penetration are driving the telecom ICT infrastructure market of Saudi Arabia.
The growing Bring Your Own Device (BYOD) trend is also resulting in demand for improving telecom connectivity across various enterprises. It offers flexibility for employees in working from home, client location or in transit thereby propelling the market during the forecast period. The launch of 5G is a major factor bolstering the growth of the market. T
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