Consulting firms to benefit from the first locally sourced market intelligence on the Middle East consulting market… 

Sourceforconsulting.com (Source) is opening a Dubai office to provide management consulting firms with the first locally sourced market intelligence on the Middle East consulting market. This comes at a time when there has been a real upturn in the use of European and US based consulting firms across the Middle East – as businesses turn to Western expertise to implement international best practice.

And with Western European consulting markets looking increasingly lacklustre, consulting firms, many of whom have had only a token presence in the Middle East until now, are increasing their capacity to serve the region. 

The future performance of the market looks set to remain positive. Not only is GDP expected to rise by almost a quarter between 2010-2015, Source research[1] has shown a market already well in excess of €800million and growing at a far greater rate than in more developed economies. The leading sectors for consulting firms in the Middle East are government (public sector), energy, natural resources and utilities, banking and capital markets and telecoms.

Fiona Czerniawska, Joint Managing Director of Source said:

“A combination of strong economic growth and the demand for Western expertise is creating a buoyant consulting market in the Middle East. However, the immaturity of this market also means that there is a real shortage of specialist research, so firms and clients are operating without ready access to quality regionally focused research and information.

By reporting on the Middle East from within the Middle East, Source will provide an intelligent market insight which will help firms and clients to improve and grow their businesses.”

In the last twelve months, Source has doubled its revenues and currently does business with consulting firms whose combined income represents more than half of the entire consulting market in Europe and the Middle East. 

In Source’s recent EMEIA Management Consulting Market report, a number of leading UK based consulting firms highlighted how the market has really taken off.

Andrew Hooke, Chief Operating Officer, PA Consulting Group, said:

“The Abu Dhabi and Dubai markets will be strong for several years, but Saudi Arabia is now the biggest part of our portfolio.”

Phil Morgan, Managing Partner, A.T. Kearney, UK, also commented:

“The Middle Eastern market has all the characteristics you’d want to build a successful firm, but we’re not alone in noticing this.”

Details about two brand new Source reports specifically for the region will be released shortly.

-ENDS-

For further information about this press release, please contact:

David Pippett, DWP Public Relations
Tel: 07899 798197
Email:  david@dwppublicrelations.co.uk

Edward Haigh, Director, Source
Tel: 0845 293 0993
Email: edward.haigh@sourceforconsulting.com

About Source

Source is a leading provider of information about the market for management consulting. Set up in 2007 and based in London, Source serves both consulting firms and their clients with expert analysis, research and reporting. We draw not only on our extensive in-house experience, but also on the breadth of our relationships with both suppliers and buyers. All of our work is underpinned by our core values of intelligence, integrity, efficiency and transparency. 

Sourceforconsulting.com is owned by Source Information Services Ltd, an independent company, which was founded by Fiona Czerniawska and Joy Burnford. Fiona is one of the world's leading experts on the consulting industry. She has written numerous books on the industry including: The Intelligent Client and The Economist books, Business Consulting: A Guide to How it Works and How to Make it Work and Buying Professional Services. Joy Burnford was Marketing and Operations Director at the UK Management Consultancies Association between 2003 and 2010, and prior to that worked for PA Consulting Group and has extensive experience of marketing consulting services.