Office space evolves as GCC construction market grows
Expert revealed strong demand for high quality office space to drive GCC’s construction market to be worth $125bn in 2016.
In the GCC, large, small and medium-sized enterprises are expanding and upgrading offices, as the GCC’s construction sector is set to grow by 38% from 2013 to 2016 according to Alpen Capital.
“GCC companies of all sizes are upgrading their office space, placing employee productivity on top,” said said Santosh Vallil, Sales Manager of Hunter Douglas Middle East, the multinational ceiling manufacturer.
In Dubai alone, office supply is set to increase from 7.6 million square metres in 2014 to 9 million square metres by 2017, according to a recent report by JLL.