Market Trends

As Saudi Arabia moves towards economic diversification and a non-oil future, the country is investing billions in various projects that demand the full range of interior and fit-out products. The interiors, interior design, and home décor market is witnessing a massive transformation, scale, and growth in the region, driven by the imperative to construct, redecorate, and refurbish.

The booming real estate and construction industries, coupled with the government initiatives to develop infrastructure, are driving the interiors market in Saudi Arabia. The country’s giga-projects, including the Red Sea Project and King Abdullah Economic City, among others, are attracting various international and regional interior and fit-out designers, creating a massive opportunity for those in the interiors industry.

FAST FACTS

The Saudi government is investing in construction and infrastructure development, resulting in US$ 1.2 trillion worth of giga-projects across the country.
The Kingdom aims to attract 150 million visitors by 2030 and plans for 320,000 new hotel rooms by 2030 to meet surging tourism demand.
In 2024, the furniture market in Saudi Arabia is projected to generate a revenue of US$8.17bn.
The furniture market in Saudi Arabia is experiencing a surge in demand for luxury, traditional-style pieces that showcase the country's rich cultural heritage.

OPPORTUNITIES THAT LIE AHEAD OF YOU

Jeddah Economic City

The development of US $20 billion Jeddah Economic City will consist of a skyscraper that is surrounded by residential units, commercial space, office area, education vicinity, entertainment facilities, and hotels

King Abdullah Economic City

This US $100 billion project is located in Makkah Province. The development consists of 3,500 units including hotels, apartments, towers, offices, suites and villas, besides shopping malls and a golf course.

Jeddah Central

Jeddah Central, also known as New Jeddah Downtown, is a residential and commercial development valued at US $20.4 billion. Spread over 5 million sqm, the project comprises 12,000 housing units, retail and office spaces, hotel and hospitality facilities.

Amaala

The US $6 billion project entails the construction of a new luxury destination located in Tabuk, over an area of more than 3,800 sq km. The scope of work includes more than 2,500 hotel keys, 800 residential villas, 200 retail establishments, and sports facilities.

The Red Sea Project

Located in Tabuk, this US $10 billion project calls for the construction of a mega-resort covering more than 50 islands and 34,000 sqm. The development includes hotels, luxury residential units, all logistical infrastructures, and sea transport hubs.

NEOM

Neom is an ambitious megacity valued at US $500 billion. Spanning 10,200 square miles, its plans include a floating industrial complex, global trade hub, luxury island and linear city. It promises to be one of the most innovative cities in modern history.

Get insights into Saudi Arabia's interiors & fit-out market

Saudi Arabia is the world’s fastest-growing market, actively seeking quality global and local brands to meet the escalating demand for interior products within the Kingdom.

Our 2024 market report on the business of interiors will be available in May and will give you key insights into the market size and potential opportunities.