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FinancialNews
10-02-19
Saudi FM market to increase 10 per cent within 5 years
(MENAFN) The Saudi Arabian facility management (FM) market is to be seeing an increase of 9.7 percent during 2019-2024, majorly due to the hike in constructional activities in the country.
A fresh report by ResearchandMarkets revealed that property services in the Kingdom is believed to occupy the biggest category with an estimated contribution of at least 25 percent in the FM market, in 2018.
The report added: " The demand for these services is growing in the commercial sector, owing to increase in awareness among end-users to optimize expenditure on commercial building management. During the forecast period, the market is expected to witness a significant growth among commercial end-users."
"Due to lack of in-house expertise and a need to focus on core competencies, the demand for outsourcing FM services is increasing, which is creating ample opportunities for the growth of FM market in the Kingdom."
MENAFN1002201900450000ID1098097187
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