Trascent, a global leader in facilities management (FM) advisory services, has partnered with Gulaid Holding to launch Trascent Arabia. This joint venture is set to address the growing demand for advanced facilities management solutions in Saudi Arabia, aligning closely with the Kingdom’s Vision 2030 transformation goals. Trascent Arabia aims to bring cutting-edge expertise and innovative service models to the local market, enhancing the delivery and efficiency of FM services across Saudi Arabia and the Gulf region.
With a strong foundation in advising over 20% of the Fortune 500 on outsourcing facilities management services, Trascent brings global expertise to the partnership. Meanwhile, Gulaid Holding’s 15 years of deep market knowledge and local capabilities complement Trascent’s expertise, creating a powerful collaboration that is poised to deliver high-quality FM solutions in Saudi Arabia.
Rakesh Kishan, CEO of Trascent Arabia and Managing Principal of Trascent, highlighted the venture’s potential impact: “Trascent Arabia will bring market-leading expertise in advanced contracting models for facilities management at a time when clients are seeking better and more innovative solutions. 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.”
The facilities management sector in Saudi Arabia is set for significant growth, with a recent report by Fortune Business Insights projecting the market to reach USD 56.33 billion by 2032, growing at a compounded annual growth rate (CAGR) of 10.3% from 2023. As the Kingdom pursues its Vision 2030 goals, including ambitious mega projects such as NEOM, Qiddiya, and the Red Sea Project, there is a rising demand for more sophisticated, customer experience-driven FM services. Trascent Arabia aims to meet this demand by offering tailored advisory, contract management, and programme management services.
Naser Gulaid, Executive Chairman of Gulaid Holding, underlined the importance of this new venture: “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.”
Focus Areas of Trascent Arabia
Trascent Arabia will concentrate on three primary service areas:
- Management Consulting Services: Providing guidance on structuring FM contracts, developing service specifications, and implementing best practices in commercial models.
- Contract Execution and Management: Acting as a single point of contact for ensuring compliance and performance across FM contracts.
- Programme Management: Overseeing key client initiatives, including energy efficiency and sustainability projects, ensuring effective and timely implementation.
The joint venture aims to position Trascent Arabia as a leading FM resource in Saudi Arabia, offering innovative solutions that enhance operational efficiency and align with the nation’s push towards sustainable growth.
Led by a team of seasoned professionals with in-depth knowledge of both local market dynamics and global FM best practices, Trascent Arabia is set to redefine the facilities management landscape in Saudi Arabia, helping clients achieve excellence in a rapidly evolving market.
