Lebanon-based interior design calls for syndicate formation within interior design segment

According to a report issued by Market.us, the interior design market worldwide is expected to experience a compound annual growth rate (CAGR) of 9.2% from 2019 to 2028.

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Masoud Madkour, senior architect, Harmouch Interior Design.
Masoud Madkour, senior architect, Harmouch Interior Design.

Labanon-based Harmouch Interior Design has made its call for the formation of a syndicate within the multifaceted space design segment in Beirut and the whole of Lebanon.

Such a move will not only make the sector more regulated and developed but it will also be an opportunity to highlight its role in building a flourishing local society by leveraging the people’s creative capabilities and unique design power.

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“By forming a nationally recognized group of interior designers in the country, we will be able to muster enough local, regional, and global support for Lebanese professionals in this important field. Together, we can showcase the industry’s relevance in the socio-economic development of the country and the entire MENA region in the hope of significantly increasing the domestic sector’s market value,” said Masoud Madkour, senior architect, Harmouch Interior Design.

This latest development comes at a time when MENA’s overall design industry has been projected to hit the $55bn mark by this year, according to the MENA Design Education Outlook study.  Jobs in architecture, fashion, and interior design are the most in-demand as per the same report. A separate online news estimated that the value of the interior design and furniture industry in the MENA region stood at more than $20bn. 

In Lebanon, one of the region’s key design markets, Harmouch Interior Design joins the ranks of leading local industry firms and is known for using sustainable materials and meeting international health and safety standards. Harmouch’s designs contain innovative elements with chic, subtle, and ultra-modern feel. Moreover, the firm’s interior design solutions are delivered by its elite team of designers who graduated from acclaimed interior design schools in Europe and the Middle East. MM Michel and Harmouch spearhead the group. The firm’s portfolio of projects includes hotels; banks; villas, residences, and apartments; and palaces, to name a few.

“Forming syndicates will also allow all relevant entities to gather their resources together and use them to support specific plans and actions aimed at strengthening the industry and maximizing its full potentials. We can help generate substantial career opportunities for our citizens and subsequently support Lebanon’s growth and development. Indeed, it will also be an opportunity for all stakeholders to learn from each other and collaborate to attain common objectives and goals, including increased productivity and profitability,” Madkour added.

Globally, the interior design segment is rapidly expanding.  According to a report issued by Market.us, the interior design market worldwide is expected to experience a compound annual growth rate (CAGR) of 9.2% from 2019 to 2028.

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