Islamic Finance

More Saudis turning to consultants as Vision 2030 opens new opportunities


Published 11 Aug,2021 via Arab News - Economy RIYADH - More Saudi professionals are now applying for licenses to be consultants with more projects under the country’s Vision 2030 and the ease of starting business at a time when working remotely is becoming a norm.

The Saudi Ministry of Commerce issued 407 licenses to consultancy companies in the first half of this year, an increase of 27 percent on the same period a year earlier. Management consulting topped the list with 188 licenses, followed by financial consulting (for non-securities) with 59 licenses, and value-added tax (VAT) services with 35 licenses, the ministry said.

There was also a 15 percent year-on-year increase in applications from individuals to be licensed as professional consultants, the ministry said.

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