Riyadh – Asdaf News:
The Saudi Facility Management Company (FMTEC) was established, according to a statement from the Public Investment Fund (PIF). In addition to maintenance, cleaning, security, and landscaping services, the company will provide a wide range of services, including utility management, energy management, trash management, and repair.
With a focus on advancing cost-effective solutions and lengthening the lifespan of assets within local real estate development projects in Saudi Arabia, FMTECH seeks to promote sustainable growth and enhance operational efficiency within the facilities management industry locally. Additionally, it will offer consulting services utilising cutting-edge, market-leading technologies, including a combined digital platform that gathers and makes use of facility-related data.
The business will provide its services to health institutions, industrial facilities, entertainment destinations, aviation facilities, educational institutions, residential and shopping complexes, and business centres. These facilities are part of key industries that support the expansion of the local economy.
The founding of FMTECH is in accordance with PIF’s objective to maximise the potential of emerging industries in order to encourage economic diversification, enhance sustainability, and localise technology and industry-specific knowledge in Saudi Arabia.
Since 2017, PIF has founded numerous businesses in 13 strategic industries, including the National Security Services Company (SAFE), which supports and runs PIF’s investments in domestic recycling sector projects, and the Saudi Investment Recycling Company (SIRC), which develops and grows Saudi Arabia’s private security industry.
