A new study said that the United Arab Emirates together with other Gulf Cooperation Council countries are ready to develop as the fastest growing consulting market in the world.
The study stated that the business consulting industry increased by 20% which is $1.9bn in 2013 which is the biggest growth globally.
Qatar, UAE, and Saudi Arabia are the hot spots in the GCC offering alluring provisions perfect for consulting firms.
“The GCC is a market in which customer everywhere are trying to do so much, faster, with less people, and those are situations in which consulting markets flourish,” the director of Source and author of the report.
Source report considered the world’s major market consulting firms on where their investments are best directed this year. It rates every market for total appeal against 3 elements — growth potential in 2014, the capability to attract and retain talent, and the costs that consulting firms can command.
On the other hand, Kuwait, Oman, and Bahrain were forecasted to have more difficult prospects. “There is a potential in each, but we would not bet on it coming to completion in 2014,” the report stated.
The GCC consulting market mentioned in the report encompasses leading consulting firms and smaller regional and local specialists that offer traditional management consulting services to areas such as IT, human resources and, except public relations, legal and advertising.