Saudi Arabia, the region's biggest building interiors and fit-outs market, is poised to grow at the rate of seven per cent between 2014 and 2015, said the organisers of an industry event in the capital Riyadh.

The kingdom's building interiors and fitouts market is now worth $3.6 billion, they said.

Saudi Build – Interiors, which will make its debut at the Riyadh International Convention and Exhibition Centre next year (April 5 to 8), aims to highlight the numerous opportunities that the kingdom provides across its various sectors, including commercial, residential, hospitality, education, healthcare and retail

The event aims to combine the quality, reliability and international scope of the trusted Saudi Build brand with a vibrant new focus and range of supplier profiles, said the organisers Riyadh Exhibitions Company.

With $784 billion worth of projects currently under way, the Saudi market offers strong growth potential to international interior and design companies, according to experts.

The upcoming mega-projects in the country include the King Abdullah Financial District, Kingdom City, and Jazan Economic City. Along with these new mega-projects, the country has undertaken a major renovation and refurbishment programme to upgrade old public buildings using sustainable products and ‘smart’ technology, they added.  

Saudi Arabia continues to be the region’s strongest building market in terms of the number and size of projects lined up for completion over the next few years. The country's building interiors and fit-outs market surged to hit $3.6 billion in 2014.

According to experts, the spending on interior finishing items in the kingdom is likely to grow by 13.7 per cent in the next two years.

Fadi Kaddoura, the vice-president (international sales and business development) IFP Group, said: "As construction and real estate in the kingdom continues to flourish, the growth is inevitably mirrored in its interiors and fit-outs markets. From commercial developments to hospitality and from residential to retail, spend on interiors represents approximately 10 to 20 per cent of the average project’s total cost."

"In direct response to this demand, REC is proud to announce a new, tailored exhibition aimed at highlighting, servicing and addressing the networking needs of the interiors and fitouts sector, Saudi Build – Interiors," he added.

On the debut show, Kaddoura said: "We are upbeat that it will emerge as an extraordinary event that is successfully able to connect trade buyers, professionals, designers, decorators and elite high net worth clientele with the finest of international styles."

Key industry players and experts from around the world will convene to offer top-of-the-line products and solutions to developers, architects, interior designers, consultants and importers as well as to luxury home owners, stated the official.

The structure of the exhibition sectors and the targeted visitor group will be precisely aligned to suit the needs of supply and demand, making Saudi Build – Interiors the ideal place for exhibitors seeking new leads and tapping into exciting new prospects for their business, he added.-TradeArabia News Service