Saudi Arabia just slashed/postponed some projects in Vision 2030. Is it gonna affect the major firms in the ME region?

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I was looking forward to join one of the biggest firms in the region. And now this happened 😔
A1 thank you for the honesty. Hoping for a speedy recovery of the region.

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Same... I’ve an offer from one of them. Now I’m not so sure

What do you think?

Firms on shaky ground will fold and the most resilient firms will have their future bookings cut in half.

For all of EMEA, KSA was projected to be 70% of technology strategy addressable market alone.

Now that 70% is getting slashed left-right. Footprints are going to shrink.

Tier 2s and 3s will suffer and fold unless they have significant presence in defense/intel. Bain will probably close up shop in the entire region.

Best firms in the region; BCG, McKinsey, and S& bookings for 2021+ will significantly shrink causing one of them to abandon in-country growth positions in KSA.

All in all, it’s BAD NEWS BEARS for a region that has been a steady cash cow.

That’s still a far cry from the $80/barrel budgeted for sustaining growth

How’s Strategy& pipeline looking like? Do you guys have enough work?

Yes. Strategy& will circle the wagons but it will survive.
Booz’s legacy is a fundamental building block in this entire region’s development.

uplifting

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