Public Investment Fund Opens Facility Manager

Posted on 08/15/2023

The Public Investment Fund (PIF) today announced the Saudi Facility Management Company (FMTECH). According to PIF, FMTECH “will offer a comprehensive range of services, including utilities management, energy management, waste management, maintenance, housekeeping, security, and landscaping services.”

FMTECH says it will drive sustainable growth and improve operational efficiency within the local facilities management sector, with a focus on driving cost-effective solutions and increasing the lifespan of properties within local real estate development projects in Saudi Arabia. It will also provide advisory services leveraging advanced, industry-leading innovation, including a unified digital platform that collects and utilizes facilities-related data.

The company will market itself to health institutions, industrial facilities, entertainment destinations, aviation facilities, educational institutions, residential and shopping complexes, and business centers.

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