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FINANCIAL NEWS
Saudi’s FM sector worth USD20-29bn
16 Jan 2017
(MENAFN) Saudi Arabia is the biggest facilities management (FM) market in the Gulf, showing 55 percent of spending on the industry in the region.
Moreover, the FM market has attracted global newcomers since 2010, while recently there are 10 to 12 global FM providers.
Accordingly, the FM market in the kingdom is worth USD20- 29bn per annum, which is 10 percent yearly growth.
In addition, the facilities sector is a key to have three Saudi cities amid the top 100 in the world, which is one of the aims of Vision 2030.
M
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