Trascent, a global provider of facilities management advisory services, has partnered with Gulaid Holding, a key investor in Saudi Arabia's facilities management sector, to launch Trascent Arabia.
This joint venture aims to enhance the Kingdom’s FM industry with innovative services aligned with Saudi Vision 2030, transforming FM service delivery across Saudi Arabia and the Gulf region.
Trascent, known for its expertise in structuring best-in-class FM services, brings its global experience, while Gulaid Holding adds 15 years of local market knowledge. Together, Trascent Arabia will improve FM service quality and efficiency by introducing best practices in contract management and service delivery.
Rakesh Kishan, CEO of Trascent Arabia and managing principal of Trascent, said, “Trascent Arabia will bring market-leading expertise in advanced contracting models for facilities management at a time where clients are seeking better and more innovative solutions in FM. By combining Gulaid’s deep local knowledge with Trascent’s market leading capabilities, we are positioned to deliver world-class services that support the increasing demands of facilities management in Saudi Arabia. As the Kingdom invests heavily in new cities, infrastructure, entertainment, and other investments, our services will enable clients to achieve FM excellence for residents, tourists, and businesses alike.”
Aiding major projects
A report by Fortune Business Insights forecasts Saudi Arabia’s FM sector to reach US$56bn by 2032, with a growth rate of 10.3% from 2023. As the Kingdom undergoes its Vision 2030 transformation, the FM industry will need to evolve towards more advanced, customer-focused solutions. Trascent Arabia aims to help clients transition by supporting key national projects such as NEOM, Qiddiya, and the Red Sea Project.
Naser Gulaid, executive chairman of Gulaid Holding, stated, "For the past 15 years, Gulaid Holding has been a leading investor in Saudi Arabia’s FM industry. With Vision 2030 raising the bar for excellence, Trascent Arabia will help to bridge the gap between current market capabilities and future demands. Our services will not only enhance operational efficiencies but also introduce technology-driven FM strategies that focus on customer experience, sustainability, and efficiency, perfectly aligning with the Kingdom’s vision for growth. Our clients want innovative, experience-led services, and that’s exactly what Trascent Arabia is bringing to the table.”
Trascent Arabia will focus on three core service areas: management consulting, advising clients on structuring FM contracts and best practices; contract execution and management, ensuring compliance across FM contracts; and program management, overseeing key client initiatives such as energy efficiency and sustainability projects.
Trascent and Gulaid launch JV to advance Saudi facilities management
This joint venture aims to enhance the Kingdom’s FM industry with innovative services. (Image source: Adobe Stock)
