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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https://www.techsciresearch.com/report/uae-interior-fit-out-market/1375.html
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.
About TechSci Research
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