The consultancy in Saudi Arabia, the market is the largest in the GCC, which has expanded by 18.2 percent in 2023 with revenues which reached a record of 3.2 billion. Saidi Arabia is currently looking back at its trillion-dollar Vision 2030 giga-projects, and Dane Albertelli, a London-based senior research analyst focused on the industry at Source Global Research.
“I think the days of the blank cheque consulting projects are over in Saudi,” he tells AGBI, “I’d say consultants need to rein in what they think and their expectations. There’s no longer an infinite money tree.” This transformation aims to diversify the economy opposite from oil dependency and create new sectors, receiving a high demand for consulting services in strategic planning, infrastructure development, etc.
A Saudi intellectual, speaking to AGBI in November on condition of anonymity, said people had begun to take notice of how many government projects are being placed in the hands of Westerners, including in the heritage and cultural sphere.
“The ideas are promising and beautiful, but having Western leaders in charge transfers it into a European thing, with some touches to make a fake authenticity,” they said. Despite the GCC growth of 14% in 2024, the consultancy aims for major growth in 2025 with several impactful changes.
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