The interior design and fit-out market in Saudi Arabia is experiencing remarkable growth, driven by the construction and refurbishment of real estate sectors, states the “State of the Market 2023: The Business of Interiors” report released ahead of INDEX Saudi Arabia. This event took place from September 10th to 12th at the Riyadh Front Exhibition & Conference Centre.
The role of mega-projects like the Red Sea Project and QIDDIYA, along with emerging real estate sectors were highlighted, in attracting international and regional interior fit-out designers to Saudi Arabia. It was mentioned that the nation’s construction and interior design services sector is expected to transition away from traditional models and become the world’s fastest-growing and most sophisticated market, given the influx of real estate projects, increased demand from various sectors, and the expanding fit-out market, projected to reach USD 1.8 billion by 2027.
Elaine O’Connell, Vice President Design and Hospitality of dmg events, organizer of INDEX Saudi Arabia, noted the importance of the increasing demand for interior design fit-outs in the Kingdom. With a growing number of construction projects and the rise of premium interior design services, Saudi Arabia is poised for significant growth in this sector.
It was also pointed to favorable government regulations, spending initiatives, significant investment, and the country’s young, urban, and digitally savvy consumers as driving factors for the interior design market’s future. The Kingdom is expected to embrace sustainable and technological innovations, positioning itself as a lucrative opportunity for international providers.
INDEX Saudi Arabia, co-located with the Hotel & Hospitality Expo and the Lighting Design & Technology Expo, offered a dedicated platform for buyers seeking furniture, furnishings, textiles, interiors, and art. The event’s nine product sectors included furniture, fit-out services, workspace solutions, kitchen and bathrooms, accessories, décor, homeware, art, textiles, surfaces, finishes, and bed and bedding.
The INDEX Design Talks, featuring thought leadership, panel discussions, and keynote addresses, covered topics such as luxury hospitality for Gen Z, design’s role in cultural exchange, and modern workforce solutions. The event also showcased sustainable installations created by leading architects and young designers, reflecting the growing emphasis on sustainable practices in the industry.