22 Hrs
Source:
الاقتصادية
Saudi Facilities Market Exceeds $50B with Smart Cities
Saudi Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail, stated that the facilities management market in Saudi Arabia has exceeded a value of $50 billion, driven by urban expansion and major projects. The sector focuses on improving asset and service efficiency through digital transformation and artificial intelligence. He confirmed that the industry is shifting from simply operating facilities to managing the value of assets throughout their lifecycle, with an emphasis on building a competitive market that supports national companies and enhances the capabilities of Saudi personnel. The third National Facilities Management Conference 2026 aims to strengthen partnerships and develop technological solutions, with a focus on smart cities and turning data into high-value decisions and services.
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