UAE expected to lead Gulf market in interior design with 31% share
United Arab Emirates obtains a significant share in the GCC interior design market, recent statistics reveals, indicating the importance of the interior design industry in the gulf market.
Recent figures indicate that the size of the interior design market in the GCC has reached $7.35 billion, with the UAE acquiring a 31% share.
Eng. Tareq Skaik (pictured), head of design in ALGEDRA Interior Design Engineering Services revealed that the industrial, commercial and financial service organisation’s spend on interior design estimates around 25% of the total value of the project, pointing to an increase in this percentage in line with growth and various developments taking place within these sectors.
UAE companies spend from AED 200 to 300 million annually on interior design, as a result of companies increasing interest in the industry based on aspiration to adapt modernism and various developments witnessed locally and globally.
Skaik confirms that the interest in design has become a priority for doing business: “Our experience with our clients produced many ideas and proposals that are built by implementation of design that reflects company’s identity and constitute impression of customers on its work mechanism,” he said.
With regards to financial institutions, insurance companies are the most prominent sectors spending on design.