Saudi Facilities Market Over $50B
The facilities management market in Saudi Arabia has surpassed $50 billion, driven by urban expansion and its services. The shift from operational management to asset value management through data and artificial intelligence is improving efficiency and supporting urban development, especially with projects like Expo Riyadh 2030 and the 2034 World Cup. The sector is focused on building a competitive market and smart technologies to enhance services, as well as developing partnerships between governments and the private sector to promote innovation and investment in the field.
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