What Role Will Technology Play in Trascent Arabia's FM Strategies?

10x Industry

Mokshita P.
10x Industry
Published:

What Role Will Technology Play in Trascent Arabia's FM Strategies?

Trascent Arabia, a joint venture with Gulaid Holding, aims to enhance facilities management services in line with Saudi Vision 2030, targeting a US$56.33 billion market by 2032.

Hey there! Have you heard about the new joint venture called Trascent Arabia? It’s a collaboration between Trascent, a global leader in facilities management advisory services, and Gulaid Holding, a well-known investor in Saudi Arabia’s facilities management sector. They’ve come together to create this venture specifically to enhance the facilities management industry in the Kingdom.

So, what exactly will Trascent Arabia do? Well, their focus is on providing value-added and differentiated services in facilities management. They’re really looking to innovate and align their solutions with Saudi Vision 2030, which aims to transform how facilities management services are delivered across Saudi Arabia and the Gulf region.

Trascent has a strong track record globally, having advised over 20 percent of the Fortune 500 companies on outsourcing facilities management. They bring a wealth of expertise in structuring and governing top-notch FM services. On the other hand, Gulaid Holding has a deep understanding of the Saudi market, having been active in this space for about 15 years. Together, they’re combining their strengths to improve the quality and efficiency of FM services in the region.

Rakesh Kishan, the CEO of Trascent Arabia, mentioned that they’ll be offering advanced contracting models for facilities management. Clients are really looking for innovative solutions, especially as Saudi Arabia invests heavily in new cities, infrastructure, and entertainment projects. Trascent Arabia aims to help clients achieve excellence in facilities management for residents, tourists, and businesses.

Interestingly, a recent report predicts that the facilities management sector in Saudi Arabia will grow to around US$56.33 billion by 2032, with a compound annual growth rate of 10.3 percent. As the Kingdom evolves under Vision 2030, there’s a growing demand for more sophisticated, customer-focused FM solutions. Trascent Arabia is positioned to support major national projects like NEOM, Qiddiya, and the Red Sea Project with advanced services.

Naser Gulaid, the Executive Chairman of Gulaid Holding, also highlighted the importance of bridging the gap between current market capabilities and future needs. They want to introduce technology-driven FM strategies that enhance customer experience, sustainability, and efficiency. Essentially, Trascent Arabia is all about delivering innovative and experience-led services that align perfectly with the Kingdom’s vision for growth.