King and Crown Prince offer condolence to Iranian president over the deadly port explosion    stc reports strong first-quarter 2025 results with 11% rise in net profit    Virgin Atlantic celebrates one month of nonstop service between London and Riyadh    Saudi Awwal Bank records SR2.1 billion net profit after zakat and income tax for 1Q25    Mahmoud Abbas appoints Hussein Al-Sheikh as PLO vice president in key succession move    Saudi Arabia's entertainment sector attracts 76 million visitors in 2024    Third round of US-Iran nuclear talks concludes with cautious optimism    Multiple casualties reported after vehicle drives into crowd at Vancouver street festival    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi Arabia offers condolences to Iran following deadly Bandar Abbas port explosion    Saudi Arabia deports 12,866 illegal residents in a week    SFDA clears first 44-ton medical shipment for Hajj pilgrims    Ministry of Hajj issued over 150,000 Nusuk cards for the Hajj of 2025    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Average life expectancy in Saudi Arabia rises to78.8 years    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Arabia lacks skills in the consulting industry
Published in The Saudi Gazette on 11 - 04 - 2014


Salim Bin Ahmed Sahab
Al-Madinah


In the Arab world, we may have succeeded in establishing giant contracting companies whose sole purpose is to construct large and luxurious concrete structures. These companies also construct basic infrastructure facilities, such as tunnels, airports, sewage systems and others.
However, the industry of specialized intellectual services is completely lacking in the Arab world, including advanced consultancy in many vital sectors. For example, we do not have the specialized studies which the government and its institutions need. Among others, these services include strategic planning, accountancy, legal, tax and health consultancy and consultation in the fields of energy, natural resources and industry.
In the Kingdom, large companies and establishments often turn to specialized international firms to complete their procedures in external auditing, closing accounts and legal matters, especially when they want to enter international markets. Our industrial sector could not exist without foreign consultants, particularly when our companies have to deal with international contracts and transactions.
This, however, does not mean that the national consultant is completely out of the picture, but the returns of the consultancy services in our country are no more than a drop in the sea of international consultancy services.
When, for example, we look at Deloitte Touche Tohmatsu Limited (DTTL), we find that in a single year, it has earned more than US$32 billion. The private UK company is making steady growth for the fourth year in a row. Keen to invest in professional training, Deloitte opened universities in the US, Europe, the Middle East and Africa. The same thing can be said about other consulting giants such as Booz & Company, Arthur D. Little, Boston Consulting Group (BCG) and others.
There will be a professional intellectual industry as long as human civilization is in existence because there will always be programs and initiatives that require effective solutions, creative ideas and international expertise.
As for projects building concrete structures, they are mostly seasonal and will go away when the money goes away. Is there any way to put the Kingdom on the road to advanced consultancy services?


Clic here to read the story from its source.