(MENAFN) The Gulf Cooperation Council (GCC) consulting market's growth reached USD2.5 billion in 2014, marking an increase of 15 percent, an amount equal to Europe's entire mature countries consulting markets, Saudi Gazette reported.
The GCC's sturdy market performance was driven by an outstanding Saudi contribution, which amounted to USD1 billion and showing 22.4 percent increase, according to Source Information Services' report.
The report added that in spite of the tremendous performance in all of the GCC countries, looming concerns of talent shortages and unstable oil prices are likely to affect to market.
"The greatest growth in 2014 came from the biggest consulting market in the GCC: Saudi Arabia. Here an unrelenting urgency to improve physical and social infrastructure is keeping consultants busy." The Director at Source and author of the report said.
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