UAE is among World’s Fastest Growing Consulting Market

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A new study said that the United Arab Emirates together with other Gulf CooperationUAE is among World’s Fastest Growing Consulting Market Council countries are ready to develop as fastest growing consulting market in the world.
The study stated that the business consulting industry increased by 20% which is $1.9 billion in 2013 which is the biggest growth globally.
UAE, Qatar and Saudi Arabia are the hot spots in the GCC offering alluring provisions ideal for consulting firms.
“The GCC is a market in which clients everywhere are trying to do a lot, very quickly, with very few people, and those are conditions in which consulting markets thrive,” the director of Source and author of the report.
Source report considered world’s major market consulting firms on where their investments are best directed this year. It ranks each market for overall attractiveness against three factors — growth potential in 2014, ability to attract and retain talent, and the prices that consulting firms can command.
On the other hand, Oman, Kuwait and Bahrain were forecasted to have tougher prospects. “There’s potential in each, but we wouldn’t bet on it coming to fruition in 2014,” the report stated.
The GCC consulting market referred to in the report covers leading consulting firms, as well as smaller regional and local specialists offering traditional management consulting services to areas including human resources and IT, except public relations, advertising and legal.