Saudi accounts for 32% of interior design market spend in GCC: report

Saudi Arabia accounts for nearly 32 percent of the total interior design market spend in the GCC, representing SAR 11.25 billion of a total SAR 35.6 billion, according to a recent Ventures report, commissioned by INDEX Saudi.

The design exhibition will run at the Riyadh International Convention and Exhibition Centre from October 30 to November 1, 2018.

The report stated: “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 SAR 1.425 billion and SAR 926 million respectively by 2019, it also highlights that the residential sector takes top spot in value for the country’s interiors industry, worth SAR 4.5 billion and forecast to grow to SAR 5.12 billion in 2019.