Minister of Housing: The Facilities Management Market in Saudi Arabia Exceeds 50 Billion Dollars

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The Minister of Municipalities and Housing, Majid bin Abdullah Al-Huqail, stated that the facility management market in Saudi Arabia exceeds $50 billion, noting that the market size reflects the available opportunities to maximize asset value, enhance city efficiency, and develop a national sector capable of global competition.

During the opening of the Third International Conference and Exhibition for Facility Management 2026, today, Sunday, the minister mentioned that the conference is taking place at a time when Saudi cities are expanding and their assets and services are growing, coinciding with major national and global events, foremost among them Expo Riyadh 2030 and the World Cup 2034, which enhances the need to develop asset and facility management methods and improve their efficiency.

He pointed out that facility management has become a significant factor in the ability of cities to preserve their resources, improve their services, and make timely decisions, emphasizing the importance of transitioning from operating the facility to managing the asset value throughout its lifecycle, and from addressing failures after they occur to predicting needs before they happen, according to what was reported by the Saudi Press Agency "SPA."

He indicated that data, artificial intelligence, and digital twins provide practical tools to enhance asset management efficiency, by assessing their performance, predicting their needs, and supporting decision-making, which contributes to providing more reliable services, improving asset efficiency, and enhancing resource utilization efficiency.

Al-Huqail pointed out that the ministry focuses in this area on two main priorities; the first is managing assets with data and results, by linking asset management with the stages of design, planning, operation, maintenance, and improvement, and developing contracts that tie the service provider to the results, along with performance indicators that measure actual value. The second priority is building a competitive Saudi market that creates solutions and skills, enabling national companies to grow, enhancing opportunities for innovation and investment in the private sector, and supporting the qualification of Saudi competencies in the fields of engineering, technology, asset management, and data analysis.

He emphasized that the role of the Ministry of Municipal and Rural Affairs and Housing is to develop a clear and stimulating regulatory environment, and to enhance partnerships that contribute to raising the level of practice and expanding its impact, noting that the development of the facilities management sector is a shared responsibility among government entities, the private sector, universities, knowledge centers, and experts.

The minister stated that the third international conference and exhibition for facilities management 2026 aims to transition from exchanging ideas to partnerships, projects, and scalable solutions, thereby enhancing the sector's development and increasing its readiness for the upcoming phase.