Bain & Company accelerates its growth in the Saudi market – Saudi Gazette

Bain & Company accelerates its growth in the Saudi market – Saudi Gazette

By Ahmed Boshnak

The economy of Saudi Arabia is undergoing a major cross-sector transformation, with many sectors expected to experience a major boom in the coming years. Tourism, healthcare, hospitality, retail, energy, and manufacturing, to name a few, have attracted large investments, and are set to thrive and expand during the coming period.

Take, for instance, the Saudi healthcare sector. In July 2022, Saudi healthcare operator Almeswak took a remarkable step and concluded a $530 million deal with UAE-based Gulf Islamic Investments (GII). Similarly, the Kingdom’s Tourism Development Fund (TDF) announced the setting up of a $400 million hospitality investment fund in collaboration with the UK-based developer Ennismore and Al Rajhi Capital. Meanwhile, huge infrastructure projects are under way. It’s safe to say that Saudi Arabia is envisioning a promising future.

We at Bain & Company believe that we have an important part to play in building this future. We are well-positioned to play a major role in advancing Saudi Arabia’s economic diversification programs and helping the Kingdom achieve Vision 2030.

Our expansion into Saudi Arabia is largely motivated by the constant growth of the Saudi economy, which witnessed this year one of the highest growth rates (12.2%) in Q2 in the world. We