The Ministry of Municipal and Rural Affairs has started the Application of Smart City Concepts initiative, one of the municipal transformation programs deriving from the Saudi Vision 2030 and the National Transformation Program 2020. 

Moreover, its major objective is to hasten urban development across the country, which will increase citizen happiness and enhance the sustainability and livability of cities.

Additionally, this effort intends to increase municipal administration efficiency, lessen adverse environmental effects, draw in local and foreign investment, and provide job opportunities. In five cities, the government intends to implement the ideas of smart lighting, smart solid waste disposal, smart parking, and environmental pollution monitoring.  

Get More Insights: Saudi Arabia Facility Management Market Revenue Estimation and Growth Forecast Report

Largest User Is Corporate and Business Sector

The corporate and commercial sectors held the highest share, and it is predicted that they would experience substantial expansion over the next few years.

The monarchy is placing a strong emphasis on the service and commercial sectors as part of its economic diversification strategy. As a result, the number of offices and business zones in the nation is rapidly increasing. This is likely to increase the need for facility management services in Saudi Arabia.

The largest privately funded economic zone in the world is the KAEC, which was established through a public-private partnership between private investors and the Saudi Arabian government. KAEC serves as a hub for commerce and logistics, providing companies with access to a rapidly growing regional market.

Additionally, the industry and manufacturing category is growing at a rapid pace. The city is home to more than 100 domestic and foreign businesses in the pharmaceutical, automotive, logistics, and consumer products sectors.

One firm is producing commercial vehicles here, another is getting ready to produce and export air conditioners, while a European oil corporation operates a lubricant mixing plant in the area. In the next years, the city will get a bonded zone and advanced storage facilities, which would raise the need for FM.