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Saudi Facilities Market Surpasses $50B
The article covers the activities of the 2026 Third International Conference and Exhibition on Facilities Management, which was launched in Riyadh under the patronage of the Minister of Municipal and Rural Affairs and Housing, Majid bin Abdullah Al-Hogail. The minister emphasized that the facilities management market in Saudi Arabia exceeds a value of $50 billion, with expectations of an annual growth rate of over 7% until 2030, driven by urban expansion and major projects such as Riyadh Expo 2030 and the 2034 FIFA World Cup. He clarified that development relies heavily on technology and data, with a focus on asset management utilizing data and artificial intelligence, aiming to build a competitive Saudi market that fosters innovation and domestic investment. The conference seeks to support partnerships and collaboration between government agencies and the private sector, enhance the capabilities of national talents, and discuss the latest technologies and practices in facilities management. It concludes with recommendations to transform data into services and direct value for people.
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