SOMERVILLE, N.J. and RIYADH, Saudi Arabia, Oct. 7, 2024
/PRNewswire/ -- Trascent, a global leader in facilities management
advisory services, and Gulaid Holding, a renowned investor within
Saudi Arabia's facilities
management sector, have joined forces to launch Trascent Arabia, a
joint venture designed to provide value added and differentiated
services focused on the Kingdom's facilities management (FM)
industry. The new entity will provide innovative solutions aligned
with Saudi Vision 2030, which will focus on transforming the way FM
services are delivered across the country and 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.
Rakesh Kishan, Chief
Executive Officer of Trascent Arabia and Managing Principal of
Trascent, explained, "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."
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.
Naser Gulaid, Executive
Chairman of Gulaid Holding, added, "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 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.
For more information about Trascent Arabia, visit
https://trascent.com/trascent-arabia or contact
info@trascentarabia.com.
About Trascent Arabia
Trascent Arabia is a joint venture between Trascent and Gulaid
Holding, combining global expertise in facilities management (FM)
with local insights into the Saudi Arabian market. The company
provides management consulting, contract management, and program
management services to help clients optimize their facilities
management operations. Trascent Arabia is committed to excellence
in FM services across Saudi Arabia
and the Gulf region. For more information, visit
https://trascent.com/trascent-arabia
About Trascent
Trascent, a global management
consulting firm, drives measurable performance improvements and
quantifiable results in all facets of corporate real estate (CRE),
including facilities management. Areas of focus include a range of
services on how corporations can better structure and deliver CRE
services through novel technology and high-performance outsourcing
relationships. With a global presence, Trascent's solutions help
clients pinpoint strategic opportunities and implement
transformational initiatives, leveraging global and in-region
market intelligence, and proven methodologies. Trascent's clients
span over 20 industries, including life sciences, financial
services and technology. www.trascent.com
About Gulaid Holding
Founded in 1993 by Mr.
Ahmed Gulaid, Gulaid Holding is a
pivotal force in advancing Saudi
Arabia's 2030 Vision through its active involvement in
various industries such as Mining, Sustainability, Asset
Management, Facilities Management and Leisure. The company is built
on a foundation of integrity and is dedicated to leading through
innovation and ethical practices. Committed to value creation
through strategic Shariah-compliant investments, Gulaid Holding
enhances industry standards and drives both economic and social
advancements across the Kingdom, managing significant assets in the
Kingdom of Saudi Arabia, other
Countries within the GCC and the UK.
CONTACT: Yvonne Liu, Managing
Director, Marketing, Trascent, yliu@trascent.com, +1 646 295
4299
Logo -
https://mma.prnewswire.com/media/2524154/TRASCENT_ARABIA_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/trascent-and-gulaid-holding-launch-trascent-arabia-to-meet-demand-for-facilities-management-excellence-in-saudi-arabia-302268332.html