Riyadh to host 10th Decofair design trade exhibition

The 10th edition will be held at the Riyadh International Convention and Exhibition Center from Feb. 4-6, 2019.
Updated 02 January 2019

Riyadh to host 10th Decofair design trade exhibition

Riyadh will host the 10th edition of “Decofair — Saudi Arabia’s Exclusive International Design Trade Exhibition” after the event had been held in Jeddah for nine successive years. The exhibition has the interest of global, regional and national furniture and textile manufacturers, as well as international Saudi companies.

The exhibition is an effective platform for business cooperation, networking and exchanging experiences within the framework of the aspirations of the Saudi market and in line with Saudi Vision 2030. The 10th edition will be held at the Riyadh International Convention and Exhibition Center from Feb. 4-6, 2019 with the participation of 10 countries and more than 150 global brands.

Studies indicate that the Saudi market is facing high competition in the furniture and design field. The Kingdom is expected to take over 12 percent of the total furniture trade in the Middle East with a projected value of $100 billion by 2022. 

Under Saudi Vision 2030, the increase in housing units offered will in turn increase the
demand for furniture, interior design, lighting and other requirements.

Shereen Karkadan, exhibition manager, said that she hopes this year’s event will help in establishing branches for the participating companies in the Kingdom, given the availability of skilled labor, the Kingdom’s location and access to the required raw materials at competitive rates.

She added: “The gathering in one place of such a unique mix of international companies specialized in lighting, furniture, design materials and services, and home design provides a business platform for creating an investment climate contributing to the support and building of several fields based on the exhibition and its message.”

Participating countries include Portugal, Italy, Spain, Turkey, Egypt, the UAE, India, Poland, Slovenia, Ghana, Hong Kong, China and Jordan, in addition to companies from Saudi Arabia.

AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019

AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”