Asset management

Saudi facility management market surpasses $50bn, driven by smart cities
  • Saudi Arabia's facility management market has surpassed $50 billion, driven by urban expansion and major national projects.
  • The International Facility Management Conference and Exhibition 2026 in Riyadh emphasized the theme 'Smart Facilities, Smart Cities' with over 200 participating entities.
  • Facility management is crucial for maximizing asset value, improving urban efficiency, and supporting global commitments like Expo 2030 and the 2034 FIFA World Cup.