The growing demand for smart building solutions is fueled by the increasing focus on infrastructure projects and the Public Investment Fund's investment in green projects.

The Saudi government is also investing $2.5 billion in an initiative to increase the contribution of renewable resources to 50% of the total electricity consumption in the Kingdom.

The regional headquarters program mandates foreign and international businesses that have signed huge deals with the Saudi government to shift their regional headquarters to the Kingdom, which will increase the demand for smart buildings.

The Kingdom is committed to developing smart buildings to match the anticipated surge in demand for offices and housing units for staff members and families.

Future investors understand the value of smart buildings, which have various benefits like lowering operational and maintenance expenses and energy consumption.

Smart buildings are also a key to sustainability, as nearly 40% of global carbon dioxide emissions come from traditional buildings.

Therefore, the Kingdom's real estate market is expected to witness a surge in demand for smart buildings that address public and private sector players’ needs and aspirations in the areas of reducing cost and increasing efficiency and sustainability in natural resource consumption.

Local industry players and solution providers are set to join the rapid growth and development race to grow and enrich non-oil local content in line with international standards and practices.

Johnson Controls Arabia is a key player in the industry and is committed to high standards while also contributing to local content at its manufacturing complex.

The complex currently produces 60% of the company's sales, and this is expected to increase to 90% by 2025.

By replacing current solutions with innovative alternatives, the company can guarantee a higher return on investment and help cement the Kingdom's position as a global leader in innovation and sustainability.