500% growth in sales of Portuguese design firms in the UAE over 9 years

Victor Bocas: "The UAE has great growth opportunities for international companies, including Portuguese companies."

The Portuguese Association of Wood and Furniture Industries reported that the sales of Portuguese companies under the umbrella of the association doubled five times, or 500% in nine years in the UAE, from 2010 to 2019.

The association indicated that the repercussions of "Covid-19" affected the existence of the association in the UAE during the current year, due to the closure caused by the pandemic, but it did not prevent it from participating in the activities held in the country, including, finally, the Dubai Design Week.

In detail, the president of the Portuguese Association for Wood and Furniture Industries, Victor Bocas, said that “during the past nine years, the association has not failed to participate in the exhibitions held in Dubai, especially related to design, wood industries, furniture and real estate, but this year the participation decreased due to the associated global closure process With the pandemic, and we expect normal life to return in the coming period with the support of finding a vaccine for the virus », considering that Dubai is the gateway for Portuguese wood, furniture and design companies to the Middle East.

He pointed out that "the UAE has great opportunities for growth and expansion in front of international companies, including Portuguese companies, which provides many Portuguese design companies with opportunities for growth and required expansion," pointing out that the Portuguese companies under the umbrella of the Association achieved a growth of 500% during the nine years. The growth rate was expected to continue to 600%, but due to the Corona pandemic, and the lack of participation in exhibitions in Dubai, we did not reach this percentage, expecting the growth rates to return to their normal path during the coming period, in conjunction with returning to participate in exhibitions. For example, Dubai Design Week.

He stressed that this optimistic outlook depends on the high volume of demand for furniture in the UAE, supported by growth in the real estate sector and tourism, as most of the towers in Dubai are hotel units, which boosts the demand for products of Portuguese companies.

And he expected Portuguese companies to sign a large number of agreements with a number of individuals and companies in the UAE, especially in conjunction with Dubai's preparations to host the Expo 2020, next October, and the expected growth in the number of tourists coming to Dubai.

Bokas pointed out that the construction sector supports the growth of the interior design market, especially the hospitality sector, as new projects require interior design services, and spending on interior design services is largely in line with the share of spending in the building and construction market, which is considered one of the most important sectors supporting the interior design sector. , As Dubai contains a large proportion of high-rise towers in the world, in addition to the projects expected to enter the market in the coming period, in addition to hundreds of hotels operating in the city representing international hotel brands.

He pointed out that many interior design experts in the MENA region assert that the growth of the hospitality sector in Dubai in the coming period will contribute to the growth of a number of brands in the design sector, and there is no doubt that Portuguese companies will benefit from that.

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