Saudi Arabia’s Commercial Fit Out Market to Reach Over USD 2 Billion

(Isstories Editorial):- Ar-Riyad, Saudi Arabia May 7, 2024 (Issuewire.com) – Saudi Arabia is a bustling hub of innovation and transformation. Its commercial fit-out market was worth USD 1012.35 million in 2021. This market is expected to grow at a rate of 12.76%, reaching USD 2028.67 million by 2027.

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Now, what’s causing this surge in numbers? It’s all about modernization, a dash of Saudi government initiatives and the availability of top-notch fit-out contractors that reliable portals like Contractors Direct connect businesses with.

As Saudi Arabia works to diversify its economy, the government now focuses on construction(especially infrastructure and building projects). The goal is to move away from the oil-focused model. Jenny Christiansen, COO at Contractors Direct, stated ‘We’re observing a shift towards a vibrant, modern Saudi Arabia”.

Tourism takes the spotlight as the government’s pet project. And, this is giving rise to skyscrapers, theme parks, mega malls, etc. Now these facilities need special interior fit-out services and that’s why there’s a high demand for highly qualified fit-out professionals. This is where Contractors Direct comes in, connecting businesses with specialised fit-out professionals – those who can help a business tell their story, to their employees and their customers, through their office build and fit out. 

It’s not just about great structures, it’s about crafting experiences. “Quality of life is our compass. We facilitate connecting businesses with qualified contractors who enhance the commercial fit out experience through their fit-out expertise,” said Jenny Christiansen. 

Sustainability and ethical principles now play a very crucial part in Saudi Arabia’s commercial interior fit-out market. Suitability, going green, making conscious choices – all are echoing the evolving preferences of today’s consumers.

The property market in Saudi Arabia is dynamic. There are growing foreign investments that develop a need for reinventing existing spaces as well as building new ones, which has led to an uptick in renovations. Hospitality and commercial property owners, specifically, renovate interiors to ensure that their outlet or office is up to date, on trend and working as an asset within the business.

When it comes to the segmentation of the Saudi Arabian market, it is based on application, ownership, and region. Now, applications include offices, hotels and resorts, retail, healthcare, education amongst others. Notably, the market witnessed the growth of hotels and resorts in 2021, grabbing a substantial 28.29% share. 

Another cannot be ignored – the Saudi government introducing projects like Al Ula, Wadi Al Disah Development, NEOM, Red Sea Development, and Amaala – all to improve investment opportunities in the hospitality sector and build out Saudi Arabia as a must visit destination.

These types of mega projects are fueling the growth of Saudi Arabia’s commercial interior fit-out market and are a key driver to the massive expected growth over the coming years.

As Saudi Arabia’s commercial fit-out market scales new heights, Contractors Direct emerges as a vital facilitator in this exciting narrative. The future of Saudi Arabia is here, and so is Contractors Direct, connecting businesses with qualified contractors offering amazing, aesthetically pleasing, and smart fit-out solutions.

They are your gateway to finding the most qualified interior fit-out contractors in Saudi Arabia for retail, offices, F&B, hospitality and retail. 

About Contractors Direct  

Contractors Direct, a leading online contractor brokerage portal, bridges the gap between you and qualified contractors. Through our commitment to excellence and utmost professionalism, we only recommend highly qualified pre vetted fit-out contractors who can meet all your office fit-out expectations.

This article was originally published by IssueWire. Read the original article here.