Ways to Increase Consulting Firm Market Share Discussed

Saudi Gazette report

RIYADH – The National Committee for Consulting Professions of the Federation of Saudi Chambers has unveiled a set of initiatives and efforts aimed at increasing the share of Saudi consulting firms in the consulting market in the Kingdom. The initiatives also target the provision of various financing products, as well as the localization and improvement of the business environment in the consulting sector.

This was revealed during an extended meeting held by the committee at the federation headquarters on Wednesday. The meeting was part of an initiative launched by the federation to improve communication between the national committees of the union and the sectoral committees of the chambers of commerce and industry in the Kingdom.

Addressing the meeting, Dr. Ihab Abu Rakba, head of the committee, unveiled the strategic plan which included his vision to “lead the consulting industry and achieve sustainable development”.

Abu Rakba said the committee represents 67 consultancy businesses and its plan included six strategic objectives: localization and governance of the sector; achieve digital transformation; strengthen strategic partnerships with the public, private and third sectors; increase the market share of national consulting offices and increase the efficiency of consulting offices to achieve professionalism.

The committee has 37 strategic initiatives to implement these objectives, based on targets and performance indicators that are measured periodically to ensure their effectiveness.

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