Total spending for GCC interior design segment to surpass USD 56.9 billion in 2011
Total spending for the GCC’s interior design segment is expected to grow in 2011, signifying a dramatic increase from last year’s recorded figure of USD 56.9 billion, according to a recent report from Proleads, a leading business intelligence and research firm.
In line with this positive forecast, the Association of Professional Interior Designers (APID), an organisation for professional interior designers in the Gulf Region, has also shared that there is an increased demand for interior design services across the GCC in general and the UAE, in particular. The increase in services can be seen in the UAE’s current batch of world-class development projects like hotels, mixed-use projects and villas. The strong growth balances the number of projects from 2009 to 2010, which totaled USD 21.8 billion – with the UAE representing two-thirds of the total project value.
The Proleads report has also revealed that the total spending for the UAE interior design segment is forecasted to grow to USD 22.5 billion this year. The spending refers to fixtures and facilities like curtain walling, doors, windows, canopy and skylights, stone cladding, swimming pools, garbage disposal, window cleaning, parking management, lifts, sanitary fittings, light fittings, external lighting, car park, landscaping, signage, kitchen, laundry and furniture.
The projected increase has encouraged APID to launch and adopt new strategic initiatives and programs that primarily aim to create more opportunities for interior design professionals based in the Middle East region. Further, the move will allow APID to reinforce its ties with the interior design industry, connecting with new markets, strengthening existing business relationships and forging new partnerships.
“The GCC’s interior design industry is currently witnessing rapid growth and development and is strongly reflected in the high number of design projects that accompany the current batch of world class development projects in the region,” said Farida Kamber Al Awadhi, President, APID. “The increase in world-class development projects and the influx of leading interior design brands into the region is a reflection of the industry’s robustness and resilience amid the global economic downturn. APID affirms its commitment towards representing the best interests of the GCC’s design professionals and to provide them with a strategic platform that will allow them to strengthen business relationships and provide key opportunities for the region’s interior design community.”
APID is currently preparing for the region’s first ‘Festival of Interior Design’ (FOiD), which will be held from October 22 to 25, 2011 across Dubai. The event is part of APID’s strategic initiatives to highlight the key role of interior design in everybody’s lives and act as a platform to discuss the industry’s timely issues and also highlight the works of emerging talents and design firms in the region. The festival will be accompanied by the ‘Interior Design Congress, which will run on October 22, 2011, and will entail a program including four keynote speakers and two panel sessions featuring well-known design personalities. FOiD is slated to become a catalyst event that binds and unifies all interior design professionals in the region and allowing them access to key opportunities created by the event.
“APID remains steadfast in its commitment to improve the status and work environment of interior design professionals in the region, by implementing strategic initiatives and programs that are aimed at further developing and improving their interior design skills. These strategic programs also aim at giving the region a better understanding of the interior design segment and the design professionals that make up the industry. We are upbeat of this projected growth and have set our sights on reinforcing our presence in other areas in the region, envisioning a wider reach for APID members,” concluded Farida Kamber Al Awadhi.
