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GCC market: Interior design projects hit $22 billion

Tuesday, 09 February 2010 12:39

DOMOTEX Middle East, the only international trade fair for carpets and floor coverings in the MENA region, has revealed that the UAE remains a vital growth market for exhibitors of the upcoming trade event as the country accounts for up to two-thirds of an estimated USD 22 billion worth of interior design contracting projects from 2009 to 2010 in the GCC.

Interior design contracting covers all flooring requirements of construction projects; on average it makes up between 15 to 20 per cent of the total project value. Scheduled for 10-12 May 2010 at the Dubai International Convention & Exhibition Centre (DICEC), DOMOTEX Middle East will showcase a complete range of carpets and floor coverings including hand-made and machine-made carpets; textile and resilient floor coverings; parquet and other wood floors; laminates; floors for sports arenas and sports facilities; fibres, yarns and textiles; application and floor laying techniques and equipment; machinery and technology; ceramic tiles, natural stone floors and marble floors.

Angela Schaschen, Managing Director, Deutsche Messe Dubai Branch, organizers of the event said, "The latest studies clearly show that demand for carpets and flooring solutions are increasing in view of the relatively large number of construction projects in the GCC, including several projects in the process of completion. The UAE is particularly a key investment destination as it accounts for two-thirds of the total value of projects in the region. Saudi Arabia, Qatar and other GCC countries likewise remain important growth areas because of the steady increase in development activities in these markets. Overall, the growth potential remains very strong and is reflected by the surging interest from international industry players who are eagerly looking forward to their participation at DOMOTEX Middle East."

"We have accordingly prepared extensively to accommodate the requirements of repeat as well as new exhibitors and to cater to the demands of trade buyers in the region. The present condition of the GCC market has certainly energised both trade sellers and buyers to look for gainful business opportunities," added Schaschen. DOMOTEX Middle East is targeting wholesalers and retailers in the carpet and floor coverings sector as well as decision-makers from construction companies, architects, interior designers, project planners, floor layers and fitters. DOMOTEX Middle East is expected to build on the momentum generated by DOMOTEX HANNOVER 2010, which was held from 16^th to 19^th January 2010. DOMOTEX HANNOVER reported a substantial rise in attendance with some 40,000 professionals visiting the event and a total of 1,395 exhibiting companies from over 70 countries.

This year's participation represented a 12 per cent growth in visitor attendance while exhibitor numbers have remained steady. The positive turnout has ensured the continued success of DOMOTEX HANNOVER in spite of the tough global economic conditions and has given the industry the momentum for sustained growth in the coming year.

Global Arab Network

Extracted from "Corporate release"

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