Saudi Arabia: Royal decree limits foreign consultancy firms
Issue 1088
- 20 Sep 2019
| 1 minute read
Government ministries and entities will in future be required to certify that consultancy services cannot be supplied by Saudi providers before signing contracts with foreign firms, according to a royal decree published on 7 September.In 2018, the General Audit Bureau estimated foreign consulting firms undertook business worth $3.2bn in the kingdom, up 9% on the previous year largely because of the growth in work related to the healthcare sector and to Vision 2030, Crown Prince Mohammed Bin Salman’s national strategic plan.
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