Home / Knowledge / News / Textiles / INDEX comes at a good time, Lu Buchanan
INDEX comes at a good time, Lu Buchanan
Nov '09
New research commissioned by INDEX estimates that the value of interior design contracting(IDC) and fit-outs within the GCC will grow by almost 90% between 2009 and 2010, with a total value in that period of US$22 billion. Two thirds of this spend will be within the UAE.

The research was carried out by leading independent research company Ventures Middle East, on behalf of dmg World Media, the organizers of INDEX, the leading interior design show in the region.

Ventures Middle East estimates that the total value of new construction projects for all sectors (hospitality, commercial, retail and residential) in the GCC with completion dates within 2009/2010 is some US$149 billion. Despite the economic recession, the UAE remains way ahead of the rest of the region, accounting for 66 percent of all new construction projects, followed some way behind by Saudi at 15 percent and Qatar at 10 percent.

IDC is the works of hard finishes – flooring, ceilings, walls etc – and is an average of 15-20 percent of the total project value.Fit-out is the furniture and fixtures, electrical, kitchen, laundry etc, estimated at an additional 5-8 percent of the total project value. The research indicates that there will be higher spending on IDC and fit-out in 2009/2010 than in 2008 – and will be worth some US$22 billion in total over the two years.

Residential construction projects are the drivers of the IDC and fit-out spend, accounting for 49 percent of the total estimated value, followed by hotels at 27 percent, offices at 19 percent and the retail sector just 6 percent.

Speaking about the research, Lu Buchanan, INDEX Show Director, said, “The research by Ventures shows that there are good prospects for the interiors industry, as we start to move out of the economic downturn. The UAE continues to be a driver for the industry, and this supports our belief that Dubai is ideally placed to become the global hub for interior design.In view of these prospects, INDEX comes at a good time, bringing together the interiors industry from across the globe.”

The report considers the four construction sectors as follows:
• Hospitality – the total value of hospitality projects within the GCC between 2009 and 2010 is almost US$20 billion, with fit-out and IDC spend at US$6 billion.The UAE takes the lion's share, accounting for 69 percent of the value, and is entering a phase of sharp growth, with spending on IDC and fit-out set to increase by a 69% from US$1.5 billion in 2009 to US$2.6 billion in 2010. KSA hospitality projects are worth some US$2.3 billon, with estimated spending on IDC and fit-outs at US$690 million. In Bahrain, over 10 five star hotels are expected to come online between 2008 and 2010, with total IDC and fit-out value of over US$412 million.

• Commercial Sector - according to leading interior design and consulting contractors, an average of 10-12 percent of the total commercial/offices projects value is allocated for interior design and contracting and major fit-outs for office space. The total value of new commercial projects within the GCC is US$34 billion, with IDC and fit-out estimated at US$4 billion.

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search