Thursday, April 21, 2016
Kingdom turns to consultants to help it deliver urgent reforms…
Despite slumping oil prices, the GCC consulting market performed well in 2015, growing 9.4 per cent to $2.7billion. Saudi Arabia, which accounts for almost half of the GCC consulting market, drove much of this growth, expanding 14.8 per cent to $1.25billion.
Although the GCC’s growth rate is still impressive in comparison to other global consulting markets, it is a markedly lower than the region has been used to (25 per cent in 2013 and 15 per cent in 2014), so the mood amongst its management consultants has changed as a result.