Cushman and Wakefiled (C&W), formerly DTZ, has continued its focus on Saudi Arabia and taken advantage during the nascent stages of the FM sector in the Kingdom. As a result C&W has seen a whopping 92% increase in turnover for 2018, and 18% increase in margins and a 61% increase in profits. During the last 12 months C&W has also doubled its roster with 313 staff working for the company — up from 149 in 2018. C&W provided FM consultancy services for the Assaudia Real Estate Development Co. in Jeddah; managing agent services for Riyadh’s A Rajhi bank; and IFM services for Shell and Mars Incorporated in the Kingdom to name a few of its clients.
Despite the meteoric increase in financial ains Naylor says cashflow and swift payment remains the biggest challenge for all businesses operating throughout KSA.