INDEX Saudi Arabia is expected to embrace sustainable and tech innovations
The interior design and fitout market in Saudi Arabia is experiencing a significant transformation and growth, fueled by the surge in construction, refurbishment, and the booming real estate sectors in the country
Taking place from the 10th-12th September, alongside the Hotel & Hospitality Expo and the Lighting Design & Technology Expo, INDEX Saudi Arabia stands as the exclusive event where buyers can explore a wide array of furniture, furnishings, textiles, interiors, and art.
This year’s exhibition boasts nine distinct product sectors on display, encompassing furniture and furnishings, fitout services, workspace solutions, kitchen and bathroom offerings, accessories, décor and homeware, art, textiles, surfaces and finishes, as well as bed and bedding products.
“From the increase in construction activities, growth in demand from the commercial infrastructure sector, improvement in the standard of living, and the introduction of premium interior design services, it’s clear to see that there is a significant rise in demand for interior design fitouts in the Kingdom. And at this year’s INDEX Saudi Arabia, it’s something we really want to highlight, all while showcasing the Kingdom’s design evolution and what the landscape has to offer today,” said Elaine O’Connell, Vice President Design and Hospitality of dmg events, which organises INDEX Saudi Arabia.
This year, the INDEX Design Talks will make a return to the show floor, spanning three days and featuring prominent architects, interior designers, fitout companies, and global experts from the region. The talks will encompass thought-provoking discussions, panel debates, and trend-setting keynote addresses, exploring a wide range of topics. These will include creating luxury hospitality experiences for the Gen Z market, the significant role of design in cultural exchange, and innovative workspace solutions for the modern workforce.
Moreover, the event will collaborate with leading regional and global architects, as well as young designers from universities, to present awe-inspiring installations on the show floor, all centered around sustainable practices and principles.
The “State of the Market 2023: The Business of Interiors” report
Ahead of the upcoming INDEX Saudi Arabia event, a significant report has been released. The report highlights how the country’s ambitious giga-projects, such as the Red Sea Project and QIDDIYA, alongside the emergence of new real estate sectors, are generating immense opportunities in the interiors industry. This, in turn, is attracting the attention of international and regional interior fit-out designers, who are eager to participate in the flourishing market in the country.
“With more than 5,200 construction projects worth over USD 800 billion currently ongoing in Saudi Arabia, the interior design market is primed and ready, especially with major regional and global players entering Riyadh” adds Elaine O’Connell.
As per the report by INDEX Saudi Arabia, the country’s construction and interior design services industry is on the verge of a remarkable transformation. It is anticipated to shift away from traditional models and emerge as the world’s fastest-growing, wealthiest, and most sophisticated market. Several factors contribute to this promising outlook.
The country is witnessing a surge in real estate projects and the rapid emergence of new sectors, including retail, flexible commercial workspaces in the post-COVID era, medical facilities, educational institutions, and the flourishing fitout market, which is projected to reach USD 1.8 billion by 2027. These factors collectively indicate a highly favorable and dynamic landscape that is set to drive the interiors market in Saudi Arabia over the coming years.
The Kingdom’s interiors market is poised for remarkable growth and innovation in the next five years, driven by favorable government regulations, substantial investments, and spending initiatives. Additionally, the market is experiencing explosive growth due to the increasing number of young, urban, and digitally savvy consumers. With these conducive factors in place, the industry is expected to embrace sustainable and technological innovations, positioning itself on par with global markets.