Trascent and Gulaid Holding Launch Trascent Arabia to Meet Demand for Facilities Management Excellence in Saudi Arabia
Sherpa Communications is pleased to support Trascent, a global leader in facilities management advisory services, and Gulaid Holding, a prominent investor in Saudi Arabia’s facilities management sector, as they join forces to launch Trascent Arabia—a joint venture aimed at delivering value-added, differentiated services tailored to the Kingdom’s facilities management (FM) industry. This new entity will offer innovative solutions aligned with Saudi Vision 2030, focusing on transforming the delivery of FM services across Saudi Arabia and the Gulf region.
Trascent is globally established for thought leadership and expertise in structuring and governing the delivery of best-in-class FM services, drawing from Trascent’s experience in advising more than 20% of the Fortune 500 on outsourcing FM across diverse markets. Complemented by Gulaid Holding’s 15-year deep understanding of the Saudi market and local capabilities, Trascent Arabia aims to enhance FM service quality and efficiency through best practices in contracting and managing FM services. The joint venture aims to address unmet market demands by offering cutting-edge advisory, contract management, and program management services.
According to a recent report by Fortune Business Insights, the FM sector in Saudi Arabia is projected to reach US$56.33 billion by 2032, growing at a compounded annual rate of 10.3% from 2023. With the Kingdom undergoing a transformation for Vision 2030, the FM industry faces increasing pressure to move beyond traditional manpower-based services to more sophisticated, customer experience-led solutions. Trascent Arabia will help clients achieve advanced FM services tailored to support key national mega projects, such as NEOM, Qiddiya, and the Red Sea Project.
Trascent Arabia will focus on three core service areas: management consulting services – advising clients on how to structure FM contracts, develop service specifications and deploy best practices in commercial models; contract execution and management – providing a single point of contact for ensuring compliance performance across FM contracts; and program management – overseeing key client initiatives, including energy efficiency and sustainability projects, ensuring their effective and timely implementation.
The joint venture aims to position Trascent Arabia as a key FM resource to clients in Saudi Arabia. Trascent Arabia will be led by an experienced executive team with deep knowledge of local dynamics and global FM best practices.
