The future of the economic and administrative consulting sector in Saudi Arabia appears highly promising in light of Vision 2030, which aims to transform the Saudi economy from a reliance on oil revenues to diversified economic growth while enhancing transparency and efficiency across both the public and private sectors. The following are key dimensions supporting the growth of this sector:
Vision 2030 emphasizes innovation and the adoption of advanced technologies, thereby creating a strong demand for consulting services in digital transformation, big data, and artificial intelligence. Consultants will play a critical role in delivering both strategic and technical solutions to support such transitions.
Vision 2030 encompasses the expansion of emerging sectors such as tourism, entertainment, renewable energy, and technology. This generates significant demand for expert economic and management consulting to guide growth strategies and operational expansion within these industries.
One of Vision 2030’s pillars is the enhancement of government effectiveness, transparency, and operational efficiency. This requires consulting support in public administration, institutional reform, and governance restructuring.
In line with Vision 2030’s agenda of fostering entrepreneurship and creating a competitive business environment, the demand for consulting services will increase as SMEs and start-ups seek economic and managerial advice to ensure sustainable growth and success.
As Saudi Arabia expands foreign investment inflows and strengthens its business climate, the need for consulting in market research, growth strategies, and risk management will grow considerably.
Consequently, the economic and administrative consulting sector in Saudi Arabia is projected to experience substantial growth in the coming years, fueled by an expanding demand for specialized expertise across a wide range of industries.
The future of the financial consulting sector in Saudi Arabia, under Vision 2030, is equally promising, especially amid the sweeping economic reforms currently reshaping the Kingdom. These reforms create vast opportunities for financial advisory services. Key aspects include:
Vision 2030’s central focus on reducing oil dependency and diversifying income sources necessitates the restructuring of investments and more efficient financial management. This will drive demand for financial consulting to support informed investment decisions and optimized portfolio management aligned with the Kingdom’s strategic objectives.
The empowerment of the private sector under Vision 2030 underscores the demand for financial consulting in areas such as financing, business expansion, and SME investments. Financial advisors will therefore find significant opportunities in capital management, fundraising, and the preparation of feasibility and financial studies for new ventures.
Vision 2030 actively promotes innovation within the financial sector, including digital transformation and fintech adoption. Consultants will be increasingly required to provide expertise in blockchain applications, digital payments, and artificial intelligence integration into financial services.
The increasing inflow of foreign capital presents a major opportunity for financial consulting. International investors require advisory services on Saudi Arabia’s financial ecosystem, regulatory frameworks, taxation, and risk management strategies.
Ongoing reforms in the taxation and financial regulatory environment generate heightened demand for financial consulting, enabling both corporations and individuals to remain compliant with new frameworks. Additionally, the government’s efforts to enhance transparency and accountability in capital markets open avenues for specialized advisory services.
Saudi Arabia’s Public Investment Fund (PIF) has become a global investment powerhouse, channeling substantial resources into diverse industries domestically and abroad. This creates rising demand for expertise in asset management, investment planning, and financial risk analysis.
With growing financial literacy among Saudi citizens—supported by government initiatives to encourage savings and investments—the demand for personal financial consulting will increase. Key areas include retirement planning, wealth management, and investments in equities and fixed-income securities, particularly as family-owned investment portfolios expand alongside robust macroeconomic growth.
Amid global and domestic economic uncertainties, financial risk consulting will become essential. Both businesses and individuals will increasingly seek expert guidance to assess risks, design mitigation strategies, and maintain financial resilience.
The financial consulting sector in Saudi Arabia is set to expand significantly in the near future, driven by structural and economic reforms under Vision 2030. The demand for financial consultants will grow across diverse fields such as asset management, Islamic finance, fintech, and SME advisory.
By aligning with Vision 2030’s transformative agenda, both economic/administrative and financial consulting sectors will serve as critical enablers of Saudi Arabia’s long-term growth and competitiveness on the global stage.
Prepared by:
Dr. Hossam El-Ghaish
Head of the Consulting Team
Naheg Al-Khobara for Business Development
NHG Experts – Expert Advisory with Strategic Depth
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