Saudi Arabia's Professional Services Market Segments

With moves to liberalise its economy and attract institutional flows of FDI across various sectors and asset classes, Saudi Arabia's current private and public sector segments are seeing lots of investment and growth.

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This in turn presents a growingly sophisticated set of enterprise and growth needs that can only be serviced by a highly advanced suite of professional services: from consulting in growth, transformation and supply chain, to corporate & commercial legal, audit and regulatory work.

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Saudi's serviceable client market segments for UK professional services firms:

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Over 170 Enterprise-level Companies ($100M+ revenue)

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→ 52 listed companies generate $1B+ in annual revenue

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→ A further 122 listed firms generate $100M–$1B.

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→ In all, $100M+ companies generate $761B in revenue

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→ Mostly conglomerates or state-owned giants with concentrations across energy, petrochemicals, telecoms, banking, and logistics

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→ Excludes privately-held $100M+ companies and conglomerates

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Over 18,000 Mid-market Companies (<$100M revenue)

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→ 18,700 companies generate revenues of $10M–$50M (2023), with a further 45 listed companies generating between $10M-$100M

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→ Key sectors in the mid-market are manufacturing, wholesale & retail trade & construction and industrials

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→ Growth-stage deals made up 67% of PE deals, (+43%  2023), with majority of deal volume in healthcare

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Over 400 Public Sector Organisations

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→ ~24 ministries, 70+ public bodies/regulators, 285+ councils and 29 universities

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→ $2B spent in 2023 (+17.5% YoY) on consulting, as part of Vision 2030’s transformation & infrastructure agenda

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→ While growth is moderating, substantial budgets are earmarked across management & tech consulting

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You can find the full infographic of Saudi's professional services serviceable market segments below.

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For a breakdown of other country consulting and professional services market landscapes, visit our Resources page.