The GCC interiors and fit-out sector is poised for major growth over the coming years with the market set to hit $5.2 billion by 2025, said a report released ahead of Index 2023 expo in Dubai.
A leading event for the interior design, fit-out and construction sectors, Index 2023 will see top firms explore the future of the multi-billion-dollar interiors and fit-out market during its run from May 23 to 25 at the Dubai World Trade Centre.
The regional interiors and fit-out sector is expected to grow five per cent annually over the next five years. The forecast comes in the latest Index: Business of Interiors commercial outlook report produced by dmg events, the organiser of the three-day exhibition.
The outlook reveals a bullish forecast for the GCC sector, thanks to the region’s increasing population, rising urbanisation and growing construction and real estate sectors, as well as a demand for sustainable and eco-friendly designs that are driving innovation in the industry.
The UAE is the largest market for interior design in the GCC region, followed by Saudi Arabia and Qatar, stated an expert.
“There are exciting times ahead for interior design services in the GCC,” remarked Elaine O’Connell, the Vice President of Design & Hospitality at dmg events. “Our outlook report has also identified some major challenges faced by the sector, including a flight to sustainability, digital transformation and e-commerce growth which will be addressed by sector pioneers at the event, and that’s why we build exploratory knowledge features into the Index profile.”
Also taking place at the show is the Index Design Talks, a series of open and lively discussions amongst many leading design figures, including inspiring interior designers, renowned regional architects and prominent creative thinkers who will debate the latest trends and innovations. More than 17,500 professionals are expected to convene at the three-day event.
“Index is more than just an exhibition. It offers knowledge for the transformation of built spaces, now and in the future. It is a destination event that showcases the newsiest, best and broadest range of global products, design and technology, under one roof,” noted O’Connell.
“We will also champion the region as a home for manufacturers, Middle Eastern designs, Emirati designers, forward-thinking Giga projects, innovative hospitality projects and interior design,” she added.
Index is a design showcase covering the entire industry ecosystem, with dedicated exhibition segments for outdoor furniture, interior fit-out, decorative lighting and accessories, furniture, furnishing and textiles, surfaces and flooring, kitchens and bathrooms, bedrooms, and art.
A key highlight at the expo this year will be the inaugural edition of ‘Index Student Competition’, a country-wide University Challenge aimed at supporting the future generation of architects and designers, revealed O’Connell.
Also co-located alongside Index and Workspace will be The Hotel Show and Leisure Show making a powerful quartet of influential design-driven events that will span the entire interiors ecosystem.