gcc contracting and fitout market grows 87
Last Updated : GMT 08:39:39
Arab Today, arab today
Arab Today, arab today

GCC contracting and fit-out market grows 87%

Arab Today, arab today

Arab Today, arab today GCC contracting and fit-out market grows 87%

Dubai - Arabstoday

The overall GCC interior contracting and fit-out market will increase by 87 per cent in value this year, the highest increase since 2008, from $5.04 billion in 2011 to $9.4 billion, according to new research by Ventures ME commissioned by dmg events, the organising team behind the Index International Design Exhibition, the Middle East and North Africa’s largest and longest established Interiors and Design Exhibition. The 22nd annual edition of Index will run September 24, till September 27, at the Dubai World Trade Centre, Dubai, UAE. Data released on Wednesday show that the UAE remains the GCC’s largest interiors market, with forecast spend in interior contracting and fit-out across residential, commercial, hospitality and retail segments totalling $3.73 billion for 2012, up 62 per cent on 2011 figures.  Despite this strong growth, the UAE’s dominance is now being challenged, with Saudi Arabia’s interiors and fit-out sector growing twice as quickly over the year and more than doubling in value; up 125 per cent, from $1.55 billion to $3.48 billion, and buoyed by significant government investment in housing, healthcare, education and other infrastructure projects.   The interiors sector in Qatar and Oman also records significant growth for the year, up 91 per cent to $1.15 billion and 125 per cent to $0.27 billion in 2012 respectively; but it is Kuwait which records the highest GCC market growth, from $0.19 billion in 2011 to $0.65 billion in 2012 – a rise of 242 per cent. This is spurred largely by the retail segment, as Phase III of the Avenues mall nears completion, and sees Kuwait clock the highest retail fit-out spend in the GCC for 2012. Bahrain was the only GCC market not to record any growth, remaining flat at a forecast value of $0.28 billion. Fit out and interiors spend across all segments in 2012 – residential, commercial, hospitality and retail – show significant growth from 2011 figures. The GCC’s residential segment still accounts for the largest spend on interiors, set to increase in value from $2.5 billion in 2011 to $3.7 billion in 2012 (up 48 per cent), and accounting for 39 per cent of the overall GCC interior contracting and fit-out market. “The report is great news for all of us working in interiors and fit out,” said Naomi Barton, Index Event Director. “The sector in the GCC is now at its highest value since 2008, all segments are seeing marked growth, and all markets are performing well — and many of them exceptionally well. The opportunities for business and employment generation are exceptional and pretty much unrivalled anywhere else on the globe. Given the huge regional market growth and potential, Index 2012 responds to the keen demand we’re seeing from the interiors and construction industries.” From khaleejtimes

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc contracting and fitout market grows 87 gcc contracting and fitout market grows 87

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc contracting and fitout market grows 87 gcc contracting and fitout market grows 87

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday