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Anticipated Increase in Future Competition in Fragmented Facility Management Market in Saudi Arabia although Market Upside Intact: Ken Research

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Title: Anticipated Increase in Future Competition in Fragmented Facility Management Market in Saudi Arabia although Market Upside Intact: Ken Research


1
Anticipated Increase in Future Competition in
Fragmented Facility Management Market in Saudi
Arabia although Market Upside Intact Ken
Research
2
The report titled Saudi Arabia Facilities
Management Market Outlook to 2021 - Growth in
Infrastructural Projects to Foster Demand for
Facility Management Services by Ken Research
suggested a multi bagger CAGR of 12.1 in revenue
in facilities management market in Saudi Arabia
region in the next 5 years till 2021.
3
The facility management industry has been booming
owing to the technology advancements that it has
made over the years such as using machines
instead of manned power. Innovations in the
market such as smart building technology
development, integrated utilities and green
buildings have given a boost to this industry.
Facilities management services have evolved
over the years including water saving measures
and energy saving modules to their systems for
sustainability and improvement in the technology.
Green building initiative was taken by King
Abdullah in 2010 aiming to foster concepts of
sustainability, environment and humanity by using
natural resources in construction. The
construction under this technique has increased
due to this initiative leading to the requirement
of more facilities management services both hard
and soft for proper functioning.
4
The facilities management market in Saudi Arabia
has attracted various international players over
the years due to the high potential in the
market. This has made a positive impact on the
facilities management market by increasing the
awareness due to rise in the suppliers and
elevated revenue generation by this industry.
The most popular entry strategy used by
international players in Saudi Arabia FM market
has been joint ventures. The facilities
management market in Saudi Arabia has attracted
various international players over the years due
to high potential such as OCS Arabia, Cushman
Wakefield, JLL, Atkins and others during
2011-2016. The MNCs have entered the market
increasing the competition but the market remains
concentrated with Saudi Oger, Almajal G4S, Zamil
Operations and Maintenance, Samama and Nesma
Trading being the major players in the FM market.
5
The manpower dynamics for the industry has
changed from the local population in the past to
both local population and expats owing to the
globalization trend. This has led to increase in
the international employees in the country who
work for one-third wages as the Saudi
population. Technological development in the
country has given wider scope to facility
management industry. Facilities management market
has increased at a CAGR of 10.3 during
2011-2016. Key Topics Covered in the
Report Trends in Facilities Management in Saudi
Arabia Market Growth Facilities Management Middle
East Middle East Facilities Management
Market Facility Management Services in Saudi
Arabia Facility Management Opportunities Saudi
Arabia
6
  • Role of FM Services Saudi Arabia
  • Saudi Arabia Facility Management Sector
  • For further reading click on the link below
  • https//www.kenresearch.com/manufacturing-and-cons
    truction/real-estate/saudi-arabia-facilities-manag
    ement-market/127109-97.html
  • Related Reports by Ken Research
  • https//www.kenresearch.com/manufacturing-and-cons
    truction/real-estate/qatar-facility-management-mar
    ket/127108-97.html
  • https//www.kenresearch.com/manufacturing-and-cons
    truction/real-estate/oman-facility-management-mark
    et/127107-97.html

7
https//www.kenresearch.com/manufacturing-and-cons
truction/infrastructure/india-facility-management-
market-research-report/6193-97.html Contact Ken
Research Ankur Gupta, Head Marketing
Communications query_at_kenresearch.com 91-124-42302
04
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