IDEAL OFFICE KHALEEJ TIMES ADVERTISING SUPPLEMENT
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Guarantee and more
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Ergonomic office chair
Tuesday, March 3, 2009
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Quality, class
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Expertise in office furniture
Quality office, quality furniture
The growing demand for office space in the UAE is showing little sign of slowing down as businesses, the construction and development sectors in particular, continue to be attracted to the Gulf region, creating a lucrative market for the world’s office suppliers
By Jamila K. Qadir
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HE SLOWDOWN IN business due to global recession did not leave out the office furniture market in the UAE, and it has already recorded a major decline in sales. Things are expected to improve later this year, industry players say. “The market has been booming for the last three years. However, this year, due to the global crisis, there is a downturn by 40 per cent in the market compared to last year,” said Benjamin George, deputy general manager, Hitec Offices. “Last year was great in terms of sales despite tough competition, especially from those who were dealing in low-priced cheap quality office furniture. This year, most of the major projects that we used to get orders from are being put on hold. Some of the projects are still going on and we expect the situation will improve by summer.”
Also, the current crisis has got some positive sides. Likely, it will wipe out small-time players dealing in cheap brands. Only strong and wellestablished companies can withstand the burden of a slowdown in business,” he explained. He said that, despite the downturn, his company would still go ahead with its expansion plans. It would move into the new bigger showroom in the Dubai Investments Park next month. “In two to three months’ time, business is expected to pick up. Once the mega projects are back on stream, business will be back to normal, although not to the level last year,” he said. Kishanlal Jangid, managing partner of Al Quoz-based KSCo Doors & Interiors, local manufacturers of office and other furniture, said while the market for locally manufactured
furniture was down by up to 35 per cent, there is hope that things will get better by the second half of the year. “We used to be very busy these times in the previous years, but this year we don’t have many orders. Normally, we get good orders mainly from locals, who prefer custom made furniture for their offices and homes. We do not expect things to improve much this year as the economic situation is bad, but, hopefully, things might improve a little bit later this year,” he said. However, what is somebody’s loss is somebody else’s gain. The European manufacturer Ikea said its sales of office furniture for the first
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KT illustration: Sidharthan