IDC and Fit-out Market Witnessing Huge Growth in the Kingdom

The IDC and Fit-out market is expected to register a CAGR of around 35.5% during 2012-2017, says RNCOS.


Noida, UP -- (SBWIRE) -- 06/19/2014 -- Saudi Arabia is emerging as one of the largest markets in the GCC region in terms of spending on IDC and fit-outs. According to a new report by RNCOS, “Saudi Arabia Housing Sector Outlook to 2017”, the country is witnessing a boom in the construction sector on the back of increased investment on housing by the government, which has led to an increased demand for IDC and fit-outs market in the country.

According to our report, the intervention of government with their prudent investments through public spending has raised the bar in the affordable housing segment with the market witnessing a healthy supply of affordable housing units across the Kingdom. This increase in the requirements for residential projects to accommodate growing population in the country coupled with growing per capita income of people are expected to fuel spending on residential IDC and fit-outs in the coming years. Moreover, the IDC and fit-outs market is also expected to witness growth on the back of changing preferences of people towards incorporating more sophisticated fittings in their houses.

The report, “Saudi Arabia Housing Sector Outlook to 2017”, by RNCOS provides an in-depth research and rational analysis of the housing market in Saudi Arabia. It provides forecast of new housing units demand potential in the kingdom till 2017. Further, the report provides a detailed overview of the housing scenario and also presents insight on housing units in the kingdom on the basis of tenure, administrative area, construction material, and type. In addition, existing & future residential projects in Riyadh and Jeddah and industry trends & developments are also discussed in the report. Besides, we have also analyzed several industry verticals such as IDC and Fit-outs, furniture, cement and steel and provided forecast till 2017 on these verticals. Furthermore, the report provides profiling of the major players describing their business overview and recent developments, if any.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.