Latest news with #fitout
Arabian Business
27-05-2025
- Business
- Arabian Business
Middle East office fit-out costs rise as competition for labour intensifies: Report
Office fit-out costs in the Middle East remain below those of European capitals despite rising prices driven by competition for labour and materials, according to Turner & Townsend's Global Occupier Fit-Out Report 2025. The research analysed fit-out costs across 50 locations worldwide and found that high-specification office fit-outs in Riyadh cost $3,864 per square metre, compared to $3,499 per square metre in Dubai and Abu Dhabi – a difference of more than $350 per square metre. 'We're seeing a shift in the Middle East. Talent, across all levels, continues to relocate to KSA and the knock-on-effect is that the UAE is now feeling the pinch. This, mirrored by labour shortages, is pushing up wages and preliminary costs for skilled fit-out contractors. In Dubai, the supply of commercial office space is tight. Clients are finding it tough to meet 'return to office' demands and are choosing to refurbish their existing spaces, instead of relocating, to create room for growth. Conversely in KSA, there's ample office stock, which has become a magnet for new occupiers including legal and technology companies,' John Grant, Director, Occupier Lead, Middle East, at Turner & Townsend said. Middle East fit-out costs rise Giga programmes across the Middle East are driving up competition and costs, with cities like Riyadh benefiting from an influx of talent relocating to the Kingdom of Saudi Arabia. The Middle East fit-out market is experiencing demand, particularly in Saudi Arabia and the UAE. Cities including Riyadh, Dubai, and Abu Dhabi are seeing investment in commercial office space with emphasis on technology integration and sustainability-led fit-outs. Competition for talent to execute programmes and projects is pushing up labour costs, particularly in construction and technology sectors. There is demand for project management, engineering, and IT/AV integration skills. The shift towards hybrid working, office space flexibility, and portfolio consolidation is reshaping fit-out decisions and real estate strategy.
Zawya
14-05-2025
- Business
- Zawya
HTS Interiors appoints Claire Spring as Managing Director to drive further expansion
The leading design and fit-out firm HTS Interiors has announced the appointment of Claire Spring as Managing Director during the latest phase of its growth trajectory. Claire brings over 25 years of global experience in the fit-out and construction industry, most recently as Managing Director for INC Solutions Group. Known for her commitment to excellence, Claire's values are closely aligned with HTS Interiors' customer-focused ethos, which seeks to earn long-term loyalty by delivering consistency, creativity, and quality at every stage of the project. Her appointment comes at a pivotal time as HTS Interiors continues to scale. The company recently opened its first office in Abu Dhabi, where it is focused on expanding the team further, and will move into a larger Dubai premises towards the end of 2025. Claire Spring, Managing Director, HTS Interiors, commented: 'I'm delighted to join HTS Interiors at such an exciting stage in its evolution and when the UAE's fit-out industry is full of opportunity. I believe a company's greatest asset is its people, and I'm proud to lead a business whose culture and ambitions mirror my own. Together, we will cultivate a collaborative, innovative, and customer-centric environment that empowers our team to thrive and our clients to succeed.' Nitin Nadukandy, Founder & CEO, HTS Interiors, added: 'Claire's wealth of experience and forward-thinking approach make her the perfect fit for HTS. We both believe that engaged teams are essential for wellbeing, innovation, and performance, and her clear strategic vision — which includes revenue growth, developing employees' strengths, and continuing to ensure exceptional value for clients — positions us for even greater success ahead.' About HTS Interiors HTS Interiors is one of the UAE's leading and fastest-growing interior design and fit-out companies. Founded in 2011 by Nitin Nadukandy, the firm is dedicated to delivering exceptional value through superior-quality projects that align with clients' budgets across multiple sectors, including commercial office, retail, and hospitality. The emphasis is on putting clients first to enhance customer experience from concept to delivery, an ethos shaped by Nitin's career background in the hospitality industry. With a knowledgeable and experienced team of 50-plus individuals from over 15 countries, staff well-being and development are paramount, resulting in HTS Interiors being certified as a Great Place to Work® in April 2024. The team includes LEED-certified professionals who champion sustainable design practices, ensuring that every project upholds the highest environmental standards. Over the past 13 years, HTS Interiors has completed more than 500 projects and built two million square feet of space. It maintains a consistent commitment to quality underpinned by a skilled workforce, trusted supply chain, and dedicated partners. Examples of recent projects include Office Square Co-working at Aldar HQ Abu Dhabi, the LVMH Head Office in Dubai Design District, Meta World at the iconic Opus Tower in Dubai, and Eagle Hills Office in Abu Dhabi.
Trade Arabia
14-05-2025
- Business
- Trade Arabia
Diriyah set to offer $5.3bn worth fit-out contracts
Diriyah Company is preparing to offer fit-out works worth approximately SAR20 billion ($5.3 billion) across a wide portfolio that includes retail, commercial, and educational assets, it was revealed at the Saudi Giga Projects Summit 2025. Executive Director of Retail Design and Delivery Sharat Kumar said since the project's inception, Diriyah has awarded over $20 billion in construction contracts from a total budget of $63 billion, covering three masterplans: Diriyah, Wadi Safar and Wadi Hanifa. Day Two of MEED's Saudi Giga Projects Summit 2025 on Tuesday spotlighted the ambition and scale of Saudi Arabia's transformation, delivering real progress in sustainable urban development, innovation, and private investment. Taking place at The Venue by ROSHN group, the three-day summit (May 12–14) features more than 70 expert speakers and project leaders driving forward the kingdom's development priorities under Vision 2030. Opening the day, conference chairman Lucien Zeigler, Managing Partner at RedSalt Advisory Company, underlined the collective responsibility behind Saudi Arabia's Vision 2030: 'From ministers to citizens, we are all stakeholders.' Global Sports Tower The Sports Boulevard Foundation also made headlines at the event, confirming that the design phase for its 130-m-tall Global Sports Tower is now complete, with construction to begin next year. The 84,000-sq-m facility will host more than 30 sports disciplines, including the world's tallest indoor climbing wall (98 m) and a 250 m running track. The broader Sports Boulevard will become the world's longest linear park, stretching over 135 km across Riyadh. A headline panel on 'Innovation and Urban Design for Smart Infrastructure' brought together leaders from ROSHN, King Salman Park Foundation, Jacobs, Kirkland & Ellis and Sustainability Professionals of Saudi Arabia to explore how smart cities can deliver quality of life through mobility, sustainability, and human-centric design. Robbie McBratney of ROSHN Group noted that 'For ROSHN, smart cities are not about retrofitting – sustainability is in the DNA of the project.' Building on the day's focus on digital innovation, a dedicated workshop hosted by Nemetschek Group turned the spotlight on AI-driven design, digital twins, and smarter collaboration across architecture and construction. Nemetschek is actively partnering with Saudi stakeholders to reshape how cities are designed and built.
Zawya
09-05-2025
- Business
- Zawya
Emirates Stallions Group's subsidiary, Decovision, expands regional footprint
ESG strengthens regional growth strategy through subsidiary expansion into Saudi Arabia Move supports ESG's broader vision of deepening presence in high-potential markets New Saudi branch to meet growing demand for premium fit-out solutions Abu Dhabi, United Arab Emirates: Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced the expansion of its subsidiary Decovision into the Kingdom of Saudi Arabia through the launch of a new branch. Decovision is a premier provider of interior design, fit-out contracting and engineering services. The launch of the new branch reflects Decovision's ongoing commitment to bringing world-class design and turnkey interior solutions closer to its clients in the Kingdom. The Saudi market, driven by ambitious national transformation programs and growing demand for premium lifestyle and commercial spaces, presents a robust opportunity for growth and innovation. This strategic expansion marks a significant milestone in Decovision's regional growth journey, reinforcing its presence across the GCC and supporting the Group's broader vision of regional and international expansion. Matar Suhail Al Yabhouni Al Dhaheri - Chairman of ESG, stated: 'We are excited to establish a strong operational presence in Saudi Arabia, a market that aligns perfectly with our growth ambitions and service capabilities.' Kayed Ali Khorma - CEO of ESG, added: 'Our new branch will enable us to better serve our clients, contribute to landmark projects, and support the Kingdom's vision of building a diversified and dynamic economy.' This move comes as part of Emirates Stallions Group's long-term strategy to strengthen its subsidiaries' footprint and capabilities, enabling them to capture new opportunities and enhance value creation across diverse markets. Established in 2003, Decovision boasts over 40 professional engineers under its management and operates a state-of-the-art factory, positioning itself as a leader in delivering high-quality interior solutions. The company has successfully executed prestigious projects such as the Presidential Palace, Royal Atlantis Hotel, Mandarin Oriental Hotel, and Edition Hotel & Hilton Conrad Hotel, along with a distinguished portfolio of other landmark developments across the region. About Emirates Stallions Group (ESG) Emirates Stallions Group, a subsidiary of International Holding Company (IHC), is a leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development & Hospitality. With this holistic approach, ESG provides public and private entities as well as investors with comprehensive solutions at every phase of the project. Since it was established in 2008, the Abu Dhabi-based ESG has witnessed remarkable growth and expanded its activities to global markets across more than 20 countries in the Middle East, Asia, Africa, Europe, and the Americas. True to its vision to 'Be a leading force in building a resilient future,' ESG has placed itself at the center of the UAE's economic boom, stressing its core values of 'integrating for impact, creativity, adaptability, and driving client success.' With total assets of AED 3.68 billion as of 31 March 2025, the Group is set for phenomenal growth both inside the UAE and abroad. About International Holding Company (IHC): Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 879.6 billion (USD 239.3 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment.
