Turki Al-Huwaish, the CEO of Bullet Inc, has revealed the major challenges facing the Saudi design market and ways to overcome them.
Saudi Market Challenges
Al-Huwaish, in exclusive statements to “Entrepreneurs,” mentioned that the Saudi market faces significant challenges, including:
– A pricing system that results in disparities between high and low prices, causing injustice to professional design and decor companies.
– A shortage of some raw materials and tools essential for executing projects on a large scale, leading to the necessity of importing them from abroad.
– Increased competition with major international companies, necessitating the provision of high-quality, competitive solutions and services.
– The challenge of continuously meeting customer needs amidst rapid technological advancements.
Overcoming Challenges in the Saudi Design Market
Al-Huwaish emphasized that these challenges can be overcome through the following measures:
– Encouraging partnerships with international companies to transfer and localize knowledge.
– Developing innovative solutions to reduce costs and increase flexibility, aligning with Vision 2030.
– Enhancing specialized services in the field of decor and design.
– Organizing exhibitions and events to showcase capabilities and connect with clients.
Saudi Design Market Trends
The CEO of Bullet Inc outlined the key trends in the Saudi design market for 2024, noting an emphasis on uncovering the richness of design and its treasures due to their direct relation to economic, social, and cultural development towards achieving the promising Vision 2030.
According to Al-Huwaish, the Kingdom is also focusing on developing events, keeping up with technology, and emphasizing heritage. This includes the creation of malls, green spaces, the development of tourist sites, and public parks.
He added that the city of Jeddah has witnessed significant developments recently to keep up with modern times, leading to a need to enhance the city’s visual appearance through a well-studied scientific approach. The goal is to establish a Saudi methodology and identity for beautifying and improving the city’s visual image.
Read Also:
Entrepreneurs Benefit from “Gemini” as Latest World AI Models
