5 Hrs
Source:
الاقتصادية
Saudi interior design market rises 8.5 percent
The interior design market in Saudi Arabia experienced an annual growth rate of between 6% and 8.5% over the past year. This growth was driven by an increase in new projects, which accounted for more than 60% of the market, and the hospitality and entertainment sector, which contributed 34.5% of revenue. This expansion is linked to the booming real estate market, especially in the hotel, resort, office, and luxury housing sectors. The demand for large-scale project designs, residential developments, and hospitality projects is expected to continue rising until 2031, fueled by Saudi Vision 2030. Additionally, the need for Saudi designers, particularly female designers, is increasing as the market shifts toward high-quality projects with localization requirements. However, the industry faces challenges such as a shortage of qualified contractors. The cost of interior design, which ranges from 50 to 700 Saudi riyals per square meter depending on quality and type, is a key factor influencing project expenses, which can reach millions of riyals for comprehensive implementations. Local products are evolving and contributing to reducing reliance on imported materials, while efforts to train and develop national talent support the sector's sustainable growth.
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