Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
Saudi Arabia's Interior Design Market Sharpens Focus, Accounting for One Third of Sar35.6 Billion GCC Spend
 
Saudi Arabia's Interior Design Market Sharpens Focus, Accounting for One Third of Sar35.6 Billion GCC Spend
INDEX Saudi prepares to host thousands of designers, architects, buyers in Riyadh this month as interior design boom grows momentum 
 
9 October 2018:  Thousands of designers, architects and buyers representing hundreds of international suppliers are descending upon Riyadh this month to capitalise on the boom in interior design spending across the Kingdom.
 
Saudi Arabia accounts for almost one third (32%) of the total GCC interior design market spend, some SAR11.25 billion of a total SAR35.6 billion, according to a recent Ventures report commissioned by INDEX Saudi, the new design exhibition which runs at the Riyadh International Convention and Exhibition Centre from 30 October to 1 November.
 
The renewed demand for high quality interior design and fit out services in the Kingdom can be attributed to the influx of new residential, commercial and hospitality projects as well as the host of new schools and hospitals planned across the country in preparation for Saudi Vision 2030.  
 
While the report shows that Saudi Arabia is the biggest investor across the Gulf in healthcare and educational property fit-outs, with the specific markets estimated to be valued at SAR1.425 billion and SAR926 million respectively by 2019, it also highlights that the residential sector takes top spot in value for the country’s interiors industry, worth SAR4.5 billion and forecast to grow to SAR5.12 billion in 2019.
 
Saudi Arabia Interior Design Industry Market Value by Sector
  1. Residential SAR4.5billion
  2. Hospitality SAR2.65billion
  3. Healthcare SAR1.425billion
  4. Commercial SAR1.35billion
  5. Educational SAR926million
  6. Retail SAR416million
Among the hundreds of international product manufacturers and interior design firms confirmed to take part in INDEX Saudi include Al Yamama Factory for Wooden Furniture, International Timber Company Ltd. (ITCO), Tanatel, +Object, Sleep Nice, Gift Mart, Taxiat Trading Co and Mineheart. 
 
Jalal Ozgen, Division Manager, International Timber Company Ltd., said: “The Saudi Market is still the most stable market when compared to other countries in the Middle East despite all its economic woes. The furniture industry in particular will continue to be active because of the renovation activities and because of KSA’s ambition to develop the touristic sector and living standards.
 
“ITCO continues to raise awareness about its offered services in the Saudi Market and it goes without saying that INDEX will be a good vehicle to increase ITCO’s client base and a good platform to launch its new products.”
 
The show will attract thousands of interior designers, architects, project managers, retail buyers, importers and distributers from the full spectrum of hospitality, residential, retail, educational and commercial design, and take place at a time when designers are looking to ensure their projects stand out in the crowd to make the most of the country’s burgeoning interiors market.
 
Jaafar Shubber, Event Director for INDEX Saudi, said: “Upcoming mega projects in Saudi including the King Abdullah Financial District, Kingdom City and Jazan Economic City mean that the country is investing vast amounts of money into new and redevelopment construction and fit-out projects in the next decade.  Across all sectors there is a definite sense that we are at the precipice of a dramatic shift in the history of the design industry.
 
“The INDEX brand is very well established as the must-attend platform for interior designers in the Middle East and this new show in Riyadh will bring the creative minds together at the heart of the country’s generation-defining projects.  This will be the number one networking event for anyone involved with the design community across the Kingdom and beyond.”


Posted by : Dubai PR Network Editorial Team
Viewed 6826 times
PR Category : Real Estate & Retail
Posted on : Tuesday, October 9, 2018  12:30:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Swiss Chemicals & Building Material Giant “Sika” Expands Ope...
Next Story : ANCG Named Safety Contractor of the Year 2018 by RTA
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Let It Glow [14927-Views]
Filorga Launches FLASH-NUDE Collection [11889-Views]
Let All Your Photos Be Merry & Bright [11797-Views]
HP ProBook x360 11 G3 and G4 Education Edition [10614-Views]
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of the precisio... [10120-Views]
Chrono 4 Grande Taille - an extra-special timepiece [9894-Views]
Tips and Tricks to Wash the Perfect Whites [9888-Views]
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai Desert Cla... [9376-Views]
Nike Dubai, the largest Nike store in the MENA region, opens its doors in the Dubai Mall [8735-Views]
Maintain Healthy Skin Year Round [8241-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory... [7899-Views]
American Eagle Is the Go-to Destination for Gifting This Holiday Season' [6753-Views]
Free gold coins at Malabar Gold & Diamonds Festival [6277-Views]
MIDO Baroncelli Lady Day & Night collection [6173-Views]
Akshay Kumar Stuns Audiences With Transformation Into Surprising Look for 2.0 [5850-Views]
GAZOO Racing Wins Australia Rally at FIA World Rally Championship [5813-Views]
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Palm Jumeirah [5618-Views]
Newby Teas Launches Advent Calendar For Christmas 2018 [5551-Views]
Tissot Chemin des Tourelles [5222-Views]
The Interiors Gift Guide with Home and Soul [5179-Views]
Growth and inclusivity drive Avaya's channel strategy for 2019 [5094-Views]
Etihad Museum displays the UAE flag using 3D lighting [4520-Views]
Time For Enchanting Moments [4300-Views]
BharatMatrimony launches office in Dubai targeting 2 Million Indians [4154-Views]
Holiday Handbags | GUESS [4093-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories