Saudi facility management market surpasses $50bn, driven by smart cities

Saudi Minister of Municipalities and Housing Majed Al-Hogail announced that the Kingdom's facility management market has surpassed $50 billion. The disclosure was made during the opening of the third International Facility Management Conference and Exhibition in Riyadh.

This market growth is attributed to the country's ongoing urban expansion and the development of major projects, including the integration of smart city initiatives. The sector's valuation reflects the scale of infrastructure development currently underway across Saudi Arabia.