Qatar’s consulting market grew 16.6% to $321mn in 2021: Source Global Research

  • Date: 14-May-2022
  • Source: Gulf Times
  • Sector: Retail
  • Country: Qatar
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Qatar’s consulting market grew 16.6% to $321mn in 2021: Source Global Research

Qatar’s consulting market grew 16.6% in 2021 to $321mn; joint second only to Saudi Arabia in the GCC region, a new report by Source Global Research has shown.

Like other countries in the region, Qatar experienced a boost to its economy and public sector budget due to higher oil prices and a successful post-Covid reopening, which generated a surge in consulting demand across a number of sectors.

Consultants in Qatar also saw opportunities created by the end of the diplomatic and economic blockade on Qatar by some of its GCC neighbours, Source Global Research noted.

Preparations for the FIFA World Cup Qatar 2022 also drove continued infrastructure and services investments. These trends translated into high growth in strategy consulting in particular, which grew 24.1%, while operations and human resources, change and people strategy consulting grew 15.7% and 16.5%, respectively.

From a sector perspective, the rollout across Qatar of the 5G network continued at pace, driving strong consulting demand in the technology, media, and telecom (TMT sector — up 21.8%), Source Global Research said.

The markets for manufacturing and retail consulting in Qatar also grew strongly as both sectors enjoyed substantial recovery upon emerging from the pandemic, the report noted.

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