Latest news with #facilitymanagement
Yahoo
a day ago
- Business
- Yahoo
NAI Pleasant Valley Agrees to Strategic Partnership with Dexterra Group to Offer Combined Brokerage and Property Management Services
MEDINA, OHIO / / August 11, 2025 / NAI Pleasant Valley-a commercial real estate company headquartered in Medina, Ohio, and a member of the NAI Global network-has formed a strategic partnership with Canadian facility management company, Dexterra Group Inc. (TSX:DXT). Dexterra's minority equity investment in NAI Pleasant Valley will create a seamless commercial real estate experience for clients of both companies. The partnership is anticipated to explore opportunities that will expand commercial real estate offices into strategic markets throughout North America, provide corporate services, and create collaborative opportunities with NAI member offices internationally. The Ohio locations in Akron and Cleveland will remain in operation as normal. NAI Pleasant Valley is one of Northeast Ohio's largest commercial real estate brokerage firms, offering real estate brokerage services across all of the major commercial sectors. Through its long-time affiliation with NAI Global, the company has access to over 325 offices worldwide, an invaluable resource for the partnership's planned growth strategies. "This partnership between NAI Pleasant Valley and Dexterra is a strong example of how local expertise and global connectivity can come together to offer real value," said NAI Global President and CEO Alex Waddey. "With NAI Pleasant Valley's deep market knowledge and commitment to service, combined with Dexterra's operational strength, this collaboration enhances our ability to support clients more efficiently across borders, strengthening the NAI brand globally. It is a forward-looking step that reinforces the NAI Global network mission to deliver seamless, strategic real estate solutions worldwide." NAI Pleasant Valley stands to improve its reach with Dexterra's extensive commercial facility network and connections. Dexterra's strength in self-performing maintenance and extensive background in both public and private sector support services, including complex contracts with entities such as public-private partnerships (P3) and the US Federal Government, will be a significant benefit to NAI Pleasant Valley clients. Dexterra gains the comprehensive range of commercial real estate planning services that NAI Pleasant Valley provides, which includes expertise in acquisitions, dispositions, leasing strategies, real estate and market analysis, valuation and portfolio management. "NAI Pleasant Valley's reputation, culture, and values align very well with Dexterra," said Mark Becker, Chief Executive Officer, Dexterra Group. "Their team's significant expertise in commercial real estate brokerage will provide value from the start of our partnership and offer another service line to our clients." NAI Pleasant Valley anticipates no changes to its leadership, shareholders or staff throughout the partnership. The company's co-CEOs, Barbara and Gino Faciana, expressed their excitement about partnering with a company's leadership whose values and vision closely align with their own. NAI Pleasant Valley President, Alec Pacella, said, "The partnership with Dexterra is going to add a wealth of facility professionals and geographic range that will streamline services for our clients, creating an extremely efficient experience." More information about NAI Pleasant Valley, its history and offerings is available at Details about Dexterra are available at # # # About NAI Pleasant Valley:NAI Pleasant Valley is an affiliate of NAI Global, a leader in global commercial real estate. NAI Pleasant Valley leverages its global network resource with market insights to deliver outstanding service and performance in all aspects of commercial real estate. About Dexterra Group Inc.:Dexterra employs more than 9,000 people, delivering a range of support services for the management and operation of infrastructure across Canada and the U.S. Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry-leading workforce accommodation solutions, and other support services for diverse clients in the public and private sectors. About NAI Global: NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit Contact Information Kurt Kleidon President, Kleidon & Associateskurt@ SOURCE: Pleasant Valley View the original press release on ACCESS Newswire
Yahoo
4 days ago
- Business
- Yahoo
[Latest] Saudi Arabia Facility Management Market is Projected to Hit Market Valuation of US$ 111.07 billion by 2033
Giga-projects under Vision 2030 are reshaping the Saudi Arabia facility management market. This creates immense demand for outsourced, technology-driven soft services, prioritizing sustainability and world-class user experiences across a rapidly expanding built environment. Chicago, Aug. 08, 2025 (GLOBE NEWSWIRE) -- The Saudi Arabia facility management market was valued at US$ 48.04 billion in 2024 and is expected to reach US$ 111.07 billion by 2033, growing at a CAGR of 10.16% during the forecast period 2025–2033. The Kingdom of Saudi Arabia is undergoing a seismic economic transformation, and at the heart of this evolution lies a golden opportunity within its facility management sector. Driven by the colossal ambition of Vision 2030, the Saudi Arabia facility management market is no longer a secondary consideration but a critical enabler of national development. With the government committing approximately $1 trillion to diversify its economy away from hydrocarbons by 2035, the scale of development is staggering. This investment is creating entirely new cities, futuristic tourist destinations, and world-class infrastructure from the ground up. Request Sample Pages: The recently published and updated report presents an unparalleled demand for sophisticated, technology-driven, and sustainable facility management solutions. As the Kingdom constructs projects on a giga-scale, the long-term operational and maintenance needs are immense, creating a robust, multi-billion-dollar pipeline for FACILITY MANAGEMENT providers. The opportunities extend across every vertical, from hospitality and healthcare to industrial and commercial real estate. For stakeholders and market players, the message is clear: the Saudi Arabia market is entering a phase of exponential growth, offering returns and partnerships on a scale rarely seen anywhere in the world. This is not just a market; it is the bedrock of a new, diversified Saudi economy. Key Findings in Saudi Arabia Facility Management Market Market Forecast (2033) US$ 111.07 billion CAGR 10.16% By Service Type Soft Services (74.33%) By Mode of Service Outsourced Facility Management (55.62%) By Enterprise Size Large Enterprises (67.55%) By Service Delivery Model Contract-Based (76.32%) By End User Business and Corporate (25.20%) Top Drivers Vision 2030 giga-projects create massive infrastructure development demand. Government focus on economic diversification, tourism, and urban living. Increasing awareness of facility management's role in operational efficiency, cost-saving. Top Trends Rapid adoption of technology like IoT and AI. Growing demand for integrated facility management solutions. Strong emphasis on sustainability and energy-efficient green building practices Top Challenges Significant shortage of skilled local facility management professionals. Navigating evolving government regulations and international service standards. Rising cybersecurity threats to integrated and smart building systems. Vision 2030 Giga-Projects: The Unrivaled Catalyst for Unprecedented FACILITY MANAGEMENT Sector Expansion The primary engine powering demand in the facility management market is Vision 2030's portfolio of giga-projects. The government has already channeled an initial $500 billion into the futuristic NEOM project as of 2024. This monumental undertaking, alongside others, is supported by a 2023 infrastructure and transport budget of SAR 271 billion (approximately $72 billion), with development continuing through 2024. By 2024, total investments in the Kingdom's infrastructure had soared to SR 4.9 trillion (approximately $1.3 trillion). Qiddiya Investment Company is accelerating its entertainment and sports project by planning to award $2.66 billion (SAR 10 billion) in new contracts. Furthering this, the Diriyah Company began constructing a premier office complex in 2024, set to offer around 39,000 square meters of gross leasable area (GLA) with a total gross floor area (GFA) of nearly 47,000 square meters. The Kingdom's National Industrial Strategy aims to increase the number of factories to approximately 36,000 by 2035, built upon over 800 investment opportunities valued at SR 1 trillion. A New Era of Hospitality: Fueling Immense FACILITY MANAGEMENT Demand Across the Kingdom A core pillar of Vision 2030 is the transformation of Saudi Arabia into a global tourism hub, creating a massive pipeline for hospitality-focused facility management market services. The Kingdom has boldly updated its tourism target, now aiming to attract 150 million visitors annually by 2030. In 2024 alone, the nation is expected to welcome over 30 million international visitors. To accommodate this influx, the country is on track to develop an astonishing 362,000 new hotel rooms by 2030, part of a wider 110 billion investment in the hospitality sector. As of April 2025, Saudi Arabia leads the Middle East and Africa with 42,800 hotel rooms under contract. Across the region, including KSA, 50,683 new rooms are expected to open in 2025. The Saudi Arabia facility management market will directly benefit from the 319 hotel projects, totaling 85,416 rooms, in the Kingdom's pipeline at the close of Q1 2025. Specific projects include a SAR 2.5 billion (approximately $666.6 million) pact signed in January 2024 for a Makkah hospitality project adding over 1,000 rooms. Moreover, hospitality Management Holding (HMH) is adding 1,314 new rooms, with the 104-room Corp Yanbu Hotel opening in 2025, the 150-room Corp Madinah Hotel opening by the end of 2025, and the 460-room Corp Makkah Al Naseem following in early 2026. Wherein, the luxury segment also expands with the Rosewood Red Sea (149 rooms) and Jumeirah Red Sea (159 rooms), both opening in 2025. Healthcare and Real Estate Expansion: Foundational Pillars of Modern FACILITY MANAGEMENT Service Opportunities The government's commitment to enhancing citizen welfare is creating a parallel boom in healthcare and real estate infrastructure. The health and social development sector received a budget of SR 260 billion ($69.3 billion) for 2025. A total of $65 billion is planned for healthcare infrastructure under Vision 2030. This translates into tangible projects, with five new hospitals scheduled to open by 2025, adding 963 beds. In April 2025, Riyadh facility management market saw the launch of 28 new healthcare projects with an investment of over SR 7 billion, set to add more than 3,000 new hospital beds. Key developments include a new 500-bed tower at King Saud Medical City, 200-bed towers each at King Salman and Al-Iman Hospitals, and a new 300-bed hospital in Diriyah. In 2024, the 200-bed Tabuk Heart Center and 200-bed Abha Psychiatric Hospital are expected to be completed, while the first stage of the $1.1 billion Jeddah Medical City will include a 200-bed private hospital. Emergency services will be bolstered with 568 new vehicles. Simultaneously, urbanization is fueling real estate growth. As of 2024, over 60,000 commercial buildings required facility management services. The pipeline includes over one million new residential units, 7 million square meters of office space, and 7 million square meters of retail space, with real estate transactions in H1 2024 valued at SR 127.3 billion. Critically, the Real Estate General Authority announced it would issue the first legislation for facility management in Q1 2024, professionalizing the sector. Industrialization and Logistics: Powering Specialized Facility Management Service Growth Across KSA The Kingdom's push for industrial diversification is creating thousands of advanced manufacturing and logistics hubs, each demanding specialized facility management market expertise. In a clear sign of progress, 1,075 new factories began production in 2024 with a combined investment exceeding SR 48 billion. During the same period, 1,346 new industrial licenses were issued, attracting investments worth over SR 50 billion ($13.3 billion). This industrial surge is a major job creator; the factories that began production in 2024 created about 39,000 jobs, while the newly issued licenses are expected to generate over 44,000 more. This builds on a strong base, as Saudi Arabia was home to 11,549 factories by the end of 2023. The geographic distribution highlights key industrial zones, with Riyadh hosting 4,502 factories, the Eastern Province home to 2,618, and the Makkah region containing 2,209 facilities. Each new facility represents a long-term contract opportunity for the Saudi Arabia facility management market. The Green Imperative: Sustainability Driving Forward Next-Generation Facility Management Practices Sustainability is no longer optional; it is a core requirement embedded within the Saudi Green Initiative, creating a specialized and lucrative niche in the Saudi Arabia facility management market. In 2025, the Kingdom launched a green financing program of SR 1 billion ($266.6 million) to support private-sector environmental projects. This commitment is reflected in the built environment, with the Kingdom leading the Arab world with 2,000 registered green building projects as of October 2024. The nation's global standing is also impressive; as of June 2024, Saudi Arabia had over 1,190 LEED-certified projects, placing it fifth globally. The capital, Riyadh, is a major hub for this movement, accounting for 866 of the country's LEED-certified projects. This green transition is part of the larger Saudi Green Initiative, which includes the ambitious target of planting 10 billion trees, further signaling a deep, long-term commitment to environmental stewardship that will require specialized FACILITY MANAGEMENT services. Analyzing the Evolving Contract, Financial, and Competitive Market Landscape in FACILITY MANAGEMENT The financial and competitive dynamics of the Saudi Arabia facility management market are shifting rapidly. Mega-contracts are defining the top tier of the market, such as Qiddiya's SR 4 billion (approximately $1.1 billion) contract for the Prince Mohammed bin Salman Stadium. Further contracts for Qiddiya include an estimated SR 1.8 billion (around $480 million) for its Speed Park racetrack and an initial SR 7 billion (about $1.9 billion) for buildings around the track. Infrastructure contracts for the resort core were awarded for a combined SR 2.29 billion, while the Six Flags Qiddiya theme park construction contract is valued at SR 3.75 billion. In a move that boosted market liquidity, the state injected $26.7 billion in 2024 to clear payment arrears to private companies. In this environment, market players are making strategic moves. Muheel Facilities Management showcases its scale with over 2,000 employees, a fleet of 208 vehicles, and a service presence across 13 cities. Consolidation and specialization are key trends, exemplified by Khidmah's acquisition of green building enabler Pactive and Mace Macro Technical Services. In October 2024, global facility management advisor Trascent formed a joint venture with Gulaid Holding to create Trascent Arabia, highlighting rising international interest. Addressing the Critical Workforce Gap while Embracing Technology in Facility Management The explosive growth of the Saudi Arabia facility management market presents two interconnected challenges: securing a skilled workforce and integrating advanced technology. As of 2024, the Kingdom faces an estimated shortfall of 50,000 skilled workers in the facility management field, a gap that requires urgent attention through training and development programs. The demand for labor is immense across all new sectors; tourism-related activities employed 983,253 people in Q1 2025, and the Qiddiya giga-project alone expects to directly employ approximately 17,000 people in its initial phase. To bridge the efficiency gap and meet the complex demands of modern smart buildings, technology is paramount. Recognizing this, SIERRA introduced its eFACiLiTY Enterprise Facility Management Software in 2024. This SaaS solution, hosted on Microsoft Azure, is specifically designed to provide the scalable, data-driven tools needed to manage the next generation of Saudi Arabian facilities. Need a Customized Version? Request It Now: The Strategic Outlook: Capitalizing on Unprecedented Future Growth and FACILITY MANAGEMENT Market Demand The confluence of giga-project development, economic diversification, and a government mandate for quality and sustainability creates a fertile ground for exponential growth. The data from 2024 and 2025 paints a clear picture of a market in rapid ascent, backed by trillions of dollars in state and private investment. For facility management providers, the strategic imperative is to align capabilities with the specific needs of these burgeoning sectors—be it the luxury demands of hospitality, the technical precision of healthcare, the green credentials of new urban centers, or the operational rigor of industrial hubs. The future of the Saudi Arabia facility management market is inextricably linked to the success of Vision 2030. Companies that invest in skilled local talent, embrace digital transformation, and demonstrate expertise in sustainable practices will not only thrive but will become integral partners in shaping the future of the Kingdom itself. The opportunity is here, it is immense, and it is happening now. Saudi Arabia Facility Management Market Major Players: Initial Saudi Group (Alesayi Holding) EMCOR Facilities Services, Inc. Almajal G4S (Allied Universal) SETE Energy Saudia for Industrial Projects Ltd SAMAMA Holding Group ENGIE Solutions (Engie Group) Nesma United Industries Co. Ltd AL-YAMAMA Group Olive Arabia Co. Ltd Tamimi Group Facilities Management Company (FMCO) Al Suwaidi Holding Company KSA Khidmah ZOMCO EFSIM Other Prominent Players Key Market Segmentation: By Service Type Hard Services Asset Management MEP and HVAC Services Fire Systems and Safety Elevator and Escalator Maintenance Pest Control Services Building Fabric Maintenance Energy Management and Sustainability Services Other Hard FM Services Soft Services Office Support and Security Cleaning Services Catering Services Landscaping and Grounds Maintenance Waste Management Reception and Concierge Services IT and Tech Support Services Accommodation Management Other Soft FM Services By Mode of Service In-house Facility Management Outsourced Facility Management Single Facility Management Bundled Facility Management Integrated Facility Management By Enterprise Size Large Enterprises Small- Medium Enterprises (SMEs) By Service Delivery Model Contract-Based Short-Term Contracts Long-Term Contracts On-Demand / Ad-Hoc Services By End User Business and Corporate Education Industry and Manufacturing Healthcare Public Administration Hospitality Construction Others Need a Detailed Walkthrough of the Report? Request a Live Session: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
6 days ago
- Business
- Zawya
NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025
HONG KONG SAR - Media OutReach Newswire - 7 August 2025 - NineSmart, a leader in property technology, and Uniforce, top security and facility service provider, together announced their partnership at Build4Asia 2025 exhibition held in July. Jointly showcased NineSmart's Smart Property and Uniforce's advanced high-definition CCTV and Carpack System, the display combines NineSmart's AI innovation platform with Uniforce's security expertise, providing a comprehensive integrated solution for modern property management. NineSmart Flagship Product: Smart Property Smart Property is part of the NineSmart Go! platform, utilizing IoT and AI technologies, integrating key functions into a mobile app and a single cloud platform. Its modular and AI-driven design offers efficiency, sustainability and enhanced user experience, simplifying property management for residential, commercial, and clubhouse environments. Unified Platform: Integrates access control, facility booking, video intercom, elevator access and visitor registration into one platform, allowing administrators to easily manage permissions and monitor equipment status. AI-Driven Design: Uses AI to analyze access patterns, monitor IoT devices and automate tasks such as drafting announcements, enhancing operational efficiency. Smart Access: Provides contactless access to properties, supporting dynamic QR codes, NFC, Octopus and facial recognition, allowing remote unlocking and creating visitor QR code via a mobile app. Old Building Upgrades: Cloud technology enables real-time data sync and offline operations, supporting integration with existing property systems, enabling seamless upgrades for old buildings. User-Centric: Facility booking supports popular e-payment methods and provides real-time notifications and smart intercom to enhance user experience for residents or tenants. Uniforce CCTV and Carpark Systems Seamlessly integrates with security management platforms, supporting high-precision applications that complement NineSmart's property management platform, providing more efficient security and parking management for various properties. High-Definition CCTV: Leverages Korean IP and analogue technologies with Sony CCD and DSP for 1080p clarity. Metal dome cameras ensure reliable all-weather monitoring, equipped with motion detection and remote live viewing for residential and commercial settings. Smart Carpark Management: Based on Jieshun Smart Terminal Operating Platform (JAVA-based), features 99% all-weather license plate recognition (LPR) for Hong Kong, China and Macau plates, with Octopus card-based entry/ exit for unmanned operations. Advanced Parking Operations: Supports dual-lane traffic with built-in fill lights, centralized billing with receipt printing for hourly/ monthly users, parking space allocation analytics, and e-payment integration via Octopus or mobile apps. Robust and Flexible Customization: Enables remote operation, maintenance and upgrades with proactive fault notifications. Offers offline LPR, dual-machine collaborative algorithms for complex environments like curves, and secondary SDK for third-party integration, ensuring adaptability across property types. NineSmart CEO Lucas Mo stated, "We are pleased to partner with the renowned Uniforce, integrating next-gen technology, high-quality equipment and industry intelligence to extend the application of Smart Property. Our display garnered widespread attention at Build4Asia 2025, reflecting market demand for such solutions." Uniforce General Manager Man Kwok added, "NineSmart injects new technologies and vitality into us. The seamless integration of both systems provides property management and developers with a one-stop, efficient and comprehensive solution that meets market demand, saves labor costs, optimizes security and operational processes in the long run." Hashtag: #NineSmart #Uniforce #PropertyTechnology #SmartProperty #CarparkSystem #CCTV The issuer is solely responsible for the content of this announcement. NineSmart Limited An incubatee of Cyberport Incubation Programme for Smart Living Start-ups, focusing on IoT solutions and software development, allowing different devices to be centrally managed through a single platform, revolutionizing property management in residential, commercial, and clubhouse environments. Visit for more information. Uniforce Security Systems Limited Established in 1989, utilizing advanced electronic equipment and computer-controlled products, leveraging professional knowledge and service to provide property protection, personal safety and security management. Uniforce departments include administration, security consulting, business, engineering, maintenance, technical development, a 24-hour central alarm monitoring station, system design, product support and customer service. Visit for more information. NineSmart
Yahoo
11-07-2025
- Business
- Yahoo
ABM Among 60 Best Companies to Sell For 2025
The leading facility, engineering and infrastructure provider recognized for sales culture excellence NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility, engineering, and infrastructure solutions announced today it has been included on Selling Power Magazine's list of 60 Best Companies to Sell For 2025. This is the fourth consecutive year ABM has earned the recognition. More than 200 companies were analyzed across key categories, including: Company Overview Compensation and Benefits Hiring, Sales Training & Sales Enablement Commitment to fostering Diversity and Inclusion AI incorporation into improving sales processes and supporting sales teams 'Being named to Selling Power's list highlights the enduring excellence of our sales culture,' said Sean Mahoney, Executive Vice President and President of Sales and Marketing at ABM. 'This recognition, along with our record-breaking $1.1 billion in bookings for the first half of our fiscal year, reflects our ongoing commitment to developing and supporting our sales team, ensuring they have the tools and resources to succeed and thrive at ABM.' About ABM ABM (NYSE: ABM) is one of the world's largest providers of integrated facility, engineering, and infrastructure solutions. Every day, our over 100,000 team members deliver essential services that make spaces cleaner, safer, and efficient, enhancing the overall occupant experience. ABM serves a wide range of market sectors including commercial real estate, aviation, education, mission critical, and manufacturing and distribution. With over $8 billion in annual revenue and a blue-chip client base, ABM delivers innovative technologies and sustainable solutions that enhance facilities and empower clients to achieve their goals. Committed to creating smarter, more connected spaces, ABM is investing in the future to meet evolving challenges and build a healthier, thriving world. ABM: Driving possibility, together. For more information, visit MEDIA CONTACT: Michael Valentino media@
Bloomberg
10-07-2025
- Business
- Bloomberg
Cinven Weighs €3.5 Billion Sale of Former Bayer Unit Envu
Cinven is weighing options including a sale for Envu, a former Bayer AG unit that makes pest control chemicals for landscaping and facility management, according to people familiar with the matter. The investment firm is working with Bank of America Corp. and Barclays Plc on a strategic review of the business, which could be valued at about €3.5 billion ($4.1 billion), the people said, asking not to be identified as the information is private. Cinven could start gauging interest from potential suitors as soon as the coming months before launching a formal process, the people said.
