- The Saudi FM sector is poised to surpass $50 billion in 2024, with a projected Compound Annual Growth Rate (CAGR) of 7% through to 2032, underpinned by Vision 2030’s transformation agenda.
- The growing reliance on advanced technology, including IoT, AI, and predictive analytics, is driving demand for more sustainable and efficient Facility Management practices across Saudi Arabia's mega-projects and urban developments.
Riyadh, Saudi Arabia – February 27, 2025 – PwC Middle East and the Saudi Facility Management Association have launched a new report, Unlocking Value: Growth Opportunities in Saudi Arabia's Facility Management Sector, providing an in-depth analysis of the Kingdom’s advanced facility management (FM) industry. The report highlights the sector’s pivotal role in supporting Saudi Arabia’s Vision 2030, as the country continues its ambitious transformation towards a diversified and sustainable economy.
Saudi Arabia’s FM sector is projected to exceed US$50 billion in 2024, with an annual growth rate of 7% between 2025 and 2032. This growth is driven by the Kingdom’s extensive infrastructure projects, urbanisation, and strategic focus on sustainability, positioning the FM sector as a key enabler of Vision 2030’s goals. In parallel, the Saudi FM market is undergoing a structural shift, moving away from traditional service delivery models towards output-based and performance-driven contracts that prioritise measurable results and long-term value. While outsourced FM services currently account for a significant share, the market is expanding through various contracting models, reflecting the sector’s growing maturity and demand for specialised service providers.
The report further explores the increasing demand for advanced FM solutions driven by technologies such as the Internet of Things, Artificial Intelligence, and predictive analytics. These innovations are enhancing operational efficiency, improving service delivery, and driving cost savings across various sub-sectors, particularly in sustainability and energy efficiency. As Saudi Arabia’s real estate sector undergoes rapid transformation, the report highlights the strategic role of FM in ensuring the longevity, efficiency, and sustainability of the Kingdom's US$1.3 trillion investments in infrastructure and real estate.
Key insights from the report include the growing adoption of advanced technologies like IoT, AI, and predictive analytics, which are driving operational efficiency and supporting Saudi Arabia's sustainability goals. As the Kingdom's infrastructure expands, these innovations are helping optimise energy use and reduce costs, aligning with Vision 2030's focus on resource efficiency. Additionally, the sector's rapid growth is increasing the demand for a skilled workforce, ensuring the Kingdom meets future infrastructure needs while advancing economic diversification and sustainability.
Mohamed Salah, PwC Middle East Consulting Partner, commented: “This report highlights the enormous potential within Saudi Arabia’s Facility Management sector, which is set to play a crucial role in the Kingdom’s broader Vision 2030 transformation. As the sector evolves, it offers significant opportunities for innovation, investment, and sustainability. At PwC, we are committed to helping businesses and stakeholders navigate this dynamic landscape to unlock long-term value.”
The report also outlines key recommendations for sector stakeholders, including the need for enhanced coordination between regulatory bodies, the establishment of performance-driven contracts, and the development of a skilled, local workforce. Additionally, the report calls for greater focus on adopting digital technologies and performance-based operating models to drive efficiency and cost reduction.
Aiyd Awadh Alqahtani, Saudi Facility Management Association Chairman, commented: “Saudi Arabia’s FM sector is undergoing a profound transformation. The increasing demand for advanced technologies and the sector’s shift towards sustainability offer immense opportunities for businesses. We are proud to provide insights that will support the Kingdom’s growth and help businesses align with the evolving regulatory and technological landscape.”
As Saudi Arabia accelerates its Vision 2030 goals, PwC’s latest report positions the FM sector as a cornerstone of the Kingdom’s economic diversification strategy, offering a blueprint for sustainable growth and long-term value creation. Through this report, PwC Middle East aims to assist stakeholders in navigating the sector's challenges and opportunities, ensuring the Kingdom remains competitive and resilient on the global stage.
