FMTECH

Facilities Management Servicesfmtech.sa

FMTECH is a PIF-owned Saudi facilities management services provider, launched in 2023 and operating in Riyadh, serving commercial, industrial, and public-sector clients across Saudi Arabia with JLL-integrated digital platforms following JLL's 2025 minority investment.

Company typePrivate
Founded2023
HeadquartersRiyadh, Saudi Arabia
Headcount101–250
GTM typeB2B
OfferingServices

What FMTECH does

FMTECH (legal name: Saudi Facility Management Company) is a Riyadh-headquartered, privately held facilities management services provider launched in 2023 by Saudi Arabia's Public Investment Fund (PIF). The company delivers integrated facility management across commercial buildings, industrial and manufacturing facilities, and public-sector/government properties within Saudi Arabia, operating on a managed services revenue model under multi-year enterprise contracts. FMTECH pursues a B2B enterprise field sales motion, leveraging PIF's sovereign relationships and Vision 2030 alignment to access infrastructure pipeline, with no publicly disclosed pricing.

Its core offering is built on the integration of JLL's (Jones Lang LaSalle) digital facility management platforms and global operating systems—nearly 20 years of institutional FM technology and processes—with FMTECH's local Saudi market knowledge. The platform architecture combines JLL's standardized digital tools for service quality, operational efficiency, and commercial growth with PIF-backed distribution. Following JLL's December 2025 acquisition of a significant minority stake (PIF retaining majority ownership), FMTECH began deeper integration of these systems; in July 2026, JLL veteran Mike Thompson was appointed CEO to lead that integration and the next phase of growth.

FMTECH currently serves the Saudi market exclusively, targeting enterprise clients in commercial, industrial, and government segments. Marketing and demand generation flow primarily through PIF and JLL corporate networks, and distribution is via direct enterprise sales. Headcount is reported at 101–250 employees; revenue is not publicly disclosed. The company is positioned to capture share in Saudi Arabia's expanding built-environment sector, where the global facility management market is projected to grow from USD 64.2B in 2024 to USD 226.3B by 2032 (17.10% CAGR).

FMTECH firmographics

Firmographics

Name: FMTECH
Legal name: Saudi Facility Management Company
Website: https://fmtech.sa
Company type: Private
Founded year: 2023
Operating status: Operating
Headcount range: 101–250 employees
Short description: FMTECH is a PIF-owned Saudi facilities management services provider, launched in 2023 and operating in Riyadh, serving commercial, industrial, and public-sector clients across Saudi Arabia with JLL-integrated digital platforms following JLL's 2025 minority investment.
Ownership category
akta.pro rank

FMTECH industry classification

Industry

Product category: Facilities Management Services
SIC: Services-Facilities Support Management Services (8744)
akta.pro primary industry: Hard FM (Technical Facilities Management: MEP/HVAC/Plumbing/Electrical) (IMAIAAAA)
akta.pro secondary industries: Soft FM (Cleaning/Janitorial/Sanitation) (IMAIAAAB), Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD), Helpdesk & Service Request Coordination (FM Call Handling/Dispatch) (BPABAEAI)

Keywords

Facilities management services
Building operations maintenance
Commercial property services
Industrial facility management
Integrated workplace management

Where FMTECH is headquartered

Location

Headquarters

HQ city: Riyadh
HQ country: Saudi Arabia
HQ region: Middle East

Offices1 record

Markets served

FMTECH business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

Facility Management Services: FMTECH provides comprehensive facilities management services to commercial, industrial, and public sector clients across Saudi Arabia, likely operating on contract-based service agreements

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

FMTECH product offering

Product offering

Core offering

FMTECH delivers comprehensive facilities management services to commercial, industrial, and public-sector facilities across Saudi Arabia, covering building operations, maintenance, and integrated service delivery. The company combines on-the-ground local market knowledge with JLL's digital facility management platforms and global operating systems to support Saudi Arabia's Vision 2030 infrastructure projects.

Product overview

FMTECH (Saudi Facility Management Company) is a facilities management services provider launched by the Public Investment Fund (PIF) in 2023. The company operates as a single unified service offering focused on delivering facility management solutions across commercial, industrial, and public facilities in Saudi Arabia. Following JLL's acquisition of a significant stake (with PIF retaining majority ownership), FMTECH integrates JLL's digital platforms and global operating systems with its local market knowledge to enhance service quality and drive commercial growth in support of Saudi Arabia's Vision 2030 infrastructure projects.

Differentiator

Problem solved

Functional benefit

Products and services

Comprehensive Facilities Management Services End-to-end facilities management covering building operations, maintenance, and service delivery for commercial, industrial, and public sector clients across Saudi Arabia, integrating JLL's digital platforms and global operating systems with local market knowledge.

Companies that use FMTECH

Customer profile

Segments3 records

Ideal customer profiles3 records

FMTECH technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

FMTECH partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

FMTECH competitors and assessment

Company assessment

Broad incumbents

ISS A/S: ISS is one of the world's largest facility services companies, providing integrated FM, cleaning, catering, and workplace services globally. It competes with FMTECH for enterprise and government facility management contracts and serves as a benchmark for operating scale, digitalization, and global account coverage.
EMCOR Group: EMCOR Group is a US-based provider of mechanical and electrical construction, energy, and facility services with strong technical FM capabilities. It is comparable to FMTECH in its hard FM and technical facilities management orientation, particularly for industrial and complex-built-environment clients.
CBRE Group: CBRE's Global Workplace Solutions segment provides integrated facilities management, transaction, and consulting services to enterprise occupiers. It competes with FMTECH for large multinational and government facility outsourcing mandates and is a relevant incumbent reference for tech-enabled FM delivery at scale.
Sodexo: Sodexo is a global integrated facilities and food services provider with strong presence in the Middle East through On-site Services. It targets the same enterprise and government clients as FMTECH across hard and soft FM, making it a relevant incumbent benchmark for category breadth and multinational contract execution.
ABM Industries: ABM Industries is a major US-based facility services provider offering integrated solutions across janitorial, parking, HVAC, and workplace services. It competes with FMTECH for multi-site enterprise facility management contracts and is a useful benchmark for digital FM delivery and large-scale service operations.
Engie Solutions / Equans: Equans (formerly Engie Solutions) is a global multi-technical FM and energy services provider operating across infrastructure, energy, and built environments. It is a relevant incumbent benchmark for technical facility management, energy efficiency services, and integrated facility operations similar to those FMTECH delivers.
Cushman & Wakefield: Cushman & Wakefield offers facility management services as part of its broader real estate services platform, serving enterprise occupiers globally. It is comparable to FMTECH as a global real estate services firm with an integrated FM capability targeting corporate and government facility outsourcing opportunities.

Regional players

Farnek: Farnek is a leading UAE-based integrated facility management company serving commercial, residential, industrial, and hospitality clients across the Gulf. As a regionally entrenched FM operator with hard and soft service capabilities, Farnek is a strong geographic peer for FMTECH within the GCC facility management landscape.
Imdaad: Imdaad is a Qatar-based integrated facility management company providing hard and soft FM services to government, commercial, and industrial clients. It is comparable to FMTECH as a Gulf-headquartered integrated FM operator competing for sovereign and enterprise facility outsourcing contracts.

Direct peers

JLL: JLL is both FMTECH's strategic investor and its closest functional peer; JLL operates a global integrated facilities management business that directly overlaps FMTECH's offerings in workplace management, technical FM, and digital service delivery. The two are tightly linked commercially and technologically, making JLL the most direct comparability reference for FMTECH's go-to-market and operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

FMTECH financial estimates

Financial estimate

Revenue estimate

Valuation estimate

FMTECH leadership team

Management profile

Number of profiles

Profiles1 record

FMTECH funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

FMTECH M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FMTECH

What does FMTECH do?

Is FMTECH a public or private company?

FMTECH is a private company. It is classified as state government owned and is currently operating.

When was FMTECH founded?

FMTECH was founded in 2023. It employs 101 to 250 people.

Where is FMTECH based?

FMTECH is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does FMTECH make money?

One revenue line is on record: facility Management Services.

Who are FMTECH's main competitors?

Broad incumbents on record are ISS A/S, EMCOR Group, CBRE Group, Sodexo, ABM Industries, Engie Solutions / Equans and Cushman & Wakefield. Regional players are Farnek and Imdaad. JLL is listed as a direct peer.

Does FMTECH have an API?

No public API is recorded for FMTECH.

What industry is FMTECH in?

FMTECH's product category is Facilities Management Services. Its primary akta.pro industry code is IMAIAAAA, Hard FM (Technical Facilities Management: MEP/HVAC/Plumbing/Electrical), with a secondary code of IMAIAAAB, Soft FM (Cleaning/Janitorial/Sanitation). Its SIC code is 8744.