Press Release

Interior Fit Out Market in UAE to Cross $973 Million by 2022

Growing number of construction projects and hosting of world expo in the country to fuel interior fit out market in UAE

According to a recently published TechSci Research report UAE Interior Fit Out Market By Application, By Region, Competition Forecast and Opportunities, 2022, the market for interior fit out in the UAE is anticipated to cross $973 Million by 2022. Growing focus towards smart cities, World Expo 2020 and rapid infrastructure development are all pushing demand for interior fit outs. As the development of malls, hotels and other commercial buildings is growing, demand for interior fit out is expected to surge in the country during the forecast period. Dubai held the largest revenue share in the UAE interior fit out market and the region is projected to maintain its position over the next five years.

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As of 2017, on-going building projects in the UAE are estimated to be worth more than $ 220 billion, with around 80% projects belonging to commercial and residential sector. Out of all the on-going projects about 15% construction projects are for high-rise buildings, which account for about $ 100 billion. Abu Dhabi, under the “Abu Dhabi Economic Vision 2030”, aims to transform itself into an integrated and cosmopolitan city. This plan is expected to attract investment worth $ 100 billion for developing infrastructure across the city such as construction of large scale housing projects and development of commercial hubs. Such developments exhibit the surging requirement of interior fit out services in the country, which is likely to witness high growth through 2022.

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 “UAE interior fit out market is on the rise due to growing building construction activities in the country coupled with UAE Vision 2021, which is anticipated to make the UAE as a global commercial & trading hub. The interior fit out market is anticipated to directly benefit from such developments as construction projects worth $ 155 billion are under-execution in the country, and a number of mega projects are expected to be completed by 2021.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Interior Fit Out Market By Application, By Region, Competition Forecast and Opportunities, 2022 has evaluated the interior fit out market in the UAE and has provided the statistics and information on market structure, industry behaviour and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends in the UAE interior fit out market.

 

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