GCC to spend $900m on interiors in 2012

Ventures ME report finds that bulk of spending will be in healthcare and education sectors
The GCC will spend $900m on interior contracting by the end of the year, a Ventures ME report says.

A new research report by Ventures ME has said Gulf countries are to spend over $900m by the end of 2012 into interiors contracting and fit-out developments in the healthcare and education sectors.

Qatar, with an investment of $192m and Saudi Arabia with investments worth $145m, have secured the biggest shares of the healthcare interiors contracting and fit-out segment this year, overtaking the UAE and Omani investments of $119m and $13m, respectively.

The study expects the thriving Qatari market to see healthcare projects worth $2.4bn ready by the end of this year. Saudi Arabia and the UAE are also set to launch this year healthcare projects worth $1.8bn and $1.49bn, respectively, ranking  as the second and third largest spenders in the Gulf healthcare sector, clinching a 30% and 25% market share, respectively.

Advertisement

Saudi and Qatar also lead the region in the education interiors contracting and fit-out sector with investments of $261m and $84m, respectively, surging ahead of Kuwait and the UAE, who have investments of $40m and $26m, respectively, according to the report.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement