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Yahoo
4 days ago
- Business
- Yahoo
Saudi Arabia Furniture Market Report 2025-2030: Demand for Eco-Friendly Materials Transforming Future Dynamics
Key opportunities in the Saudi Arabia furniture market include demand driven by urbanization, rising homeownership under Vision 2030, and interest in contemporary and customizable designs. Eco-friendly furniture is trending due to increased environmental awareness, alongside growth via e-commerce and hospitality sector needs. Saudi Arabian Furniture Market Dublin, May 27, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Furniture Market by Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to Saudi Arabia Furniture Market was valued at USD 7.23 Billion in 2024 and is projected to reach USD 9.48 Billion by 2030, rising at a CAGR of 4.62% The market's steady expansion is being driven by rapid urbanization, a youthful and growing population, and increasing demand for contemporary housing and interior design solutions. Major infrastructure projects such as NEOM and the Red Sea Project, under the Vision 2030 initiative, are significantly bolstering the real estate sector, thereby stimulating furniture demand. Rising disposable income and a noticeable consumer shift toward premium, multifunctional, and customizable furniture further support market growth. Additionally, Western lifestyle influences, the rise of e-commerce platforms, and greater attention to home aesthetics are shaping evolving consumer preferences. Demand from the hospitality industry, spurred by tourism growth, is also creating robust opportunities for commercial furniture suppliers and international market entrants. Key Market Drivers: Increasing Homeownership Across the Region Growing homeownership is a pivotal factor fueling Saudi Arabia's furniture market. As part of the Vision 2030 agenda, the country aims to raise homeownership to 70%, and by 2023, the rate had already reached 63.7%. This increase has led to heightened furniture demand as more families and individuals invest in new homes. First-time buyers and young couples, especially those benefiting from government housing programs, are actively furnishing their residences, often shortly after moving in. The cultural value placed on well-furnished homes and modern interiors also plays a role, as does the growing formation of nuclear households. This surge in new homeowners is creating sustained demand across a range of furniture categories and contributing to the sector's long-term expansion. Key Market Challenges: Fluctuating Prices of Raw Material Volatile raw material prices remain a significant hurdle for the Saudi furniture market. Key materials such as wood, textiles, metals, and foam are susceptible to global supply chain disruptions, currency fluctuations, and geopolitical developments, all of which can drive unpredictable cost spikes. These fluctuations raise production costs and complicate budgeting for manufacturers and retailers. Smaller businesses are particularly vulnerable, as they often struggle to absorb these costs without affecting pricing or profitability. Additionally, the industry's dependence on imported materials adds another layer of exposure to international trade dynamics and shipping delays. The resulting pricing instability disrupts inventory and pricing strategies, hindering competitiveness. While some firms are exploring alternative materials and local sourcing, managing input cost volatility continues to be a pressing concern. Key Market Trends: Increasing Demand for Eco-Friendly Materials The demand for eco-friendly furniture is gaining momentum in Saudi Arabia, driven by growing environmental awareness and a shift toward sustainable living. Consumers are increasingly prioritizing furniture made from natural, recyclable, and biodegradable materials. Products featuring reclaimed wood, organic fabrics, and low-impact finishes are gaining popularity, as buyers seek both style and environmental responsibility. This trend aligns with global sustainability efforts and is influencing product development, branding, and marketing within the furniture industry. Brands that adopt sustainable practices and highlight their use of green materials are gaining favor among consumers. As this preference for eco-conscious choices continues to grow, it is expected to foster innovation and further transformation in the Saudi furniture sector. Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $7.23 Billion Forecasted Market Value (USD) by 2030 $9.48 Billion Compound Annual Growth Rate 4.6% Regions Covered Saudi Arabia Report Scope Key Players Profiled in this Saudi Arabia Furniture Market Report: Arabian Furniture & Design Co Almutlaq Furniture Inter IKEA Systems B.V. Bold Bespoke Design Al Jedaie Office Furniture Al Wasad Furniture Saudi Modern Factory Jeraisy Furniture Factory Zivella Office Furniture Aflak Furniture Saudi Arabia Furniture Market, by Type: Home Furniture Office Furniture Hospitality & Institutional Furniture Saudi Arabia Furniture Market, by Raw Material: Wooden Metallic Plastic Others Saudi Arabia Furniture Market, by Point of Sale: Online Offline Saudi Arabia Furniture Market, by Region: Eastern Western Northern & Central Southern For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Furniture Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
5 days ago
- Business
- Time of India
FIFA World Cup 2034: Saudi Arabia puts an end to 70-year-long ban on alcohol in some tourist areas
2034 FIFA World Cup in Saudi Arabia (via Getty Images) Saudi Arabia has decided to partially roll back its decades-long ban on alcohol starting in 2026. This is a major cultural revolution as the kingdom lays the groundwork to receive global tourists for the 2034 FIFA World Cup. The change, as part of the overall Vision 2030 initiative, will permit the sale of alcohol in upscale places such as hotels, restaurants, and cafes, breaking a 73-year ban in one of the world's most religiously conservative countries. Saudi Arabia's alcohol restrictions relaxed in tourist areas in advance of hosting international events What Saudi Arabia's 2034 World Cup Will Look Like In a groundbreaking policy move, the Saudi Arabian government officially agreed to allow licensed luxury venues to serve alcohol for the first time from 2026. Strictly regulated and restricted to certain domains such as upscale hotels, luxury resorts, and global tourism hubs like Neom, Sindalah Island, and the Red Sea Project, the move comes as a part of Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to diversify its economy, attract international investment, and promote the tourism value of the country for mega events such as Expo 2030 and the FIFA World Cup 2034. Allowed drinks under the new law will be beer, wine, and cider, while spirits and hard liquor will not be allowed. Notably, drinking alcohol will still be prohibited in private premises, public spaces, and unlicensed premises, and home brewing will still be illegal. To protect cultural norms, only licensed premises staffed by trained personnel will be permitted to sell alcohol. Measures in place for supervision will be systems of real-time reporting, certification of personnel, and severe punishment for violations. The transformation, say officials, is motivated by realistic economic aims: to attract more foreign tourists, encourage foreign investment, and provide jobs in the hospitality and service industries. A number of international hotel companies that have already established themselves in the kingdom are already making their preparations for the rollout, predicting increased room occupancy and wider international appeal. Also read: FIFA under fire for ignoring human rights concerns before 2034 World Cup in Saudi Arabia Even with loosened controls, Saudi officials emphasized that any infractions—including unauthorized use, resale, or transport — will have legal repercussions, reaffirming their dedication to upholding traditional values in the face of economic modernization. Though alcohol will still be restricted and under tight control, the policy change indicates the kingdom wishes to embrace international standards before hosting some of the world's largest events—all while preserving its cultural heritage. Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
News18
5 days ago
- Business
- News18
Saudi Arabia To Lift Decades-Old Alcohol Ban Ahead Of 2034 FIFA World Cup
Last Updated: The sales of wine, beer, and cider will be limited to 600 licensed locations across the country, including five-star hotels, luxury resorts, and expat-friendly compounds. In a historic move, the Kingdom of Saudi Arabia is planning to lift 73-year-old ban and allow the controlled sale and consumption of alcohol in 2026. The change is part of the country's preparations for hosting international events, including the Expo 2030 and the FIFA World Cup 2034. Saudi authorities believe allowing alcohol at certain tourist sites would help the country compete with the UAE and Bahrain, where alcohol is allowed at some tourist hotspots. As per the media reports, the sales of wine, beer, and cider will be limited to 600 licensed locations across the country, including five-star hotels, luxury resorts, and expat-friendly compounds like Neom, Sindalah Island, and the Red Sea Project. What Drinks Would Be Allowed? advetisement Permitted locations will be able to serve wine, beer and cider. However, this allowance does not extend to stronger alcoholic drinks, such as spirits. Drinks and liquor with more than 20% alcohol content will remain banned, according to a report by the UK-based Metro, which quoted local Saudi media. The government will not allow alcohol in homes, shops or public places. Personal alcohol production will also remain banned. Additionally, only licensed venues and trained staff will be allowed to serve alcohol. The sale of alcohol will follow fixed procedures, the reports said. Decision Will End 73-Year-Old Ban The alcohol policy is part of Vision 2030. The move will in effect bring to an end Saudi Arabia's 73-year ban on the sale and consumption of alcohol. The Kingdom aims to expand tourism, entertainment and hospitality with its more-inclusive national plan. Officials believe the change will help create jobs and bring in foreign investment. As per the reports, Saudi Arabia was founded in 1932 under Abdulaziz Al Saud with a legal system based on Wahhabi Islam. It followed Sharia law and alcohol was always forbidden, but the actual enforcement and legal ban on alcohol was enforced in 1952. Saudi Arabia, once an ultra-conservative country, is giving up its traditional image and ushering in a new era of openness and modernity under the leadership of Crown Prince Mohammed bin Salman. The country has eased some limitations on women's rights, allowing them to drive, go to athletic events and concerts with men. In 2018, it abolished a ban on cinema and screened 'Black Panther', which marked the historic return of film to the kingdom. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! First Published: May 26, 2025, 16:21 IST
Daily Mail
5 days ago
- Business
- Daily Mail
Saudi Arabia lifts alcohol ban at 600 sites across the country as it hopes to win over tourists
Saudi Arabia will reportedly lift its ban on alcohol at 600 sites next year as the country aims to win over tourists ahead of the FIFA World Cup 2034. In a shock U-turn, the ultra-conservative nation will allow the sale of wine, beer and cider at licensed venues including luxury hotels, five-star resorts and tourist developments. But booze will remain banned in public, homes, shops, and fan zones, with spirits off the menu altogether under the Kingdom's strict rules. The plans form part of the Gulf State's Vision 2030, an initiative to attract tourists and investment in the lead up to hosting major international events, including the World Cup and Expo 2030. Officials hope controlled alcohol sales in glamorous areas like Neom, Sindalah Island and the Red Sea Project will help the country compete with Gulf rivals such as the UAE and Bahrain where boozing is already legal in tourist zones. As per the new alcohol regulations, the venues permitted to sell alcohol will be operated by trained staff under tight licensing conditions. Drinks and liquor with more than 20 per cent alcohol content will remain banned. The goal, authorities said, 'is to welcome the world without losing cultural identity - positioning Saudi Arabia as a progressive, yet respectful player on the global tourism map.' The plan is set to roll out in 2026 - eight years before the World Cup kicks off - and comes amid growing pressure to modernise the Kingdom's image. The government added in a statement: 'Sales will only happen under controlled environments, with licensed service staff and clear operational rules in place to make sure alcohol is handled responsibly and respectfully.' Several global hotel chains are already tweaking their blueprints to accommodate booze zones, with tourism bosses eyeing a flood of new jobs and international investment. It comes after Saudi Arabia's ambassador to the UK had previously said alcohol would be banned when they host the World Cup in 2034, sparking fury among England fans. Prince Khalid bin Bandar Al Saud told LBC radio in February: 'There is no alcohol at all, rather like our weather, it's a dry country. 'Everyone has their own culture. We're happy to accommodate people within the boundaries of our culture but we don't want to change our culture for someone else. 'It is not a Saudi event, it is a world event and, to a large extent, we will welcome everyone who wants to come.' In Dubai boozing is already legal in tourist zones This struck down suggestions that Saudi Arabia would follow in the footsteps of Qatar, another Muslim country, when they hosted the football tournament in 2022. Supporters there were able to buy alcohol from selected hotels, but not at the stadiums. But now, Saudi insiders hope the new booze policy will silence critics and show the country is ready to party, with limits. Sources say the model is inspired by successful alcohol rollouts in Dubai and Manama, where tight control has boosted tourism and business without trashing tradition. The Kingdom insists this will not be a free-for-all - and anyone caught misusing the system will face swift consequences.
Time of India
6 days ago
- Business
- Time of India
First time since 1952: Conservative Saudi Arabia lifts 73-year-old alcohol ban ahead of World Cup 2034
Saudi Arabia will allow the controlled sale and consumption of alcohol in 2026. The change is part of the country's preparations for international events, including Expo 2030 and the FIFA World Cup 2034 . Alcohol Sales Alcohol sales will be limited to certain areas. About 600 places across Saudi Arabia will be included. These will mostly be luxury hotels, resorts and areas developed for tourists. Some examples are Neom, Sindalah Island and the Red Sea Project. Also Read: Starship Flight 9 Test: Will SpaceX be successful now? Here's launch date, time, site, Starship size, flight duration and how to watch live by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Canada is looking for skilled immigrants - New job opportunities are waiting for you! Canada Immigration Express Apply Now Undo Which Drinks Will Be Allowed? Permitted locations can serve beer, wine and cider. Stronger alcoholic drinks like spirits will still not be allowed. The government will not allow alcohol in homes, shops or public places. Personal alcohol production will also remain banned. Strict Licensing Rules Only licensed venues and trained staff will be allowed to serve alcohol. The sale of alcohol will follow fixed procedures. Authorities aim to prevent misuse and maintain order. These rules are designed to match the country's customs and standards. Live Events Also Read: Who is Rahm Emanuel, Barack Obama's ex-chief of staff, who could be Democratic candidate in 2028 US elections? Saudi Arabia's Vision 2030 Plan The alcohol policy is part of Vision 2030. This is Saudi Arabia's national plan to grow its economy. It aims to expand tourism, entertainment and hospitality. Officials believe the change will help create jobs and bring in foreign investment. Major hotel chains are already adjusting their plans. They expect more international guests once the rules change. The alcohol policy may help Saudi Arabia attract more global events and tourists. Authorities will carefully monitor the alcohol system. Any misuse or rule-breaking will lead to penalties. The goal is to support economic growth while respecting local values. FAQs Where will alcohol be available in Saudi Arabia from 2026? Alcohol will be sold in licensed hotels, resorts and tourist areas. It will not be available in homes, public places, or shops. What types of alcohol will be allowed? Beer, wine and cider will be allowed in approved places. Strong drinks like spirits will remain banned under the new policy.
