Abdullatif A. Al-Othman, governor of Saudi Arabian General Investment Authority, Hans-Paul Bürkner, chairman of BCG and Joerg Hildebrandt, senior partner & managing director at BCG Middle East, at the BCG office opening in Riyadh.

As part of its commitment to promoting the development and diversification of the Saudi economy, The Boston Consulting Group (BCG), has announced the formal opening of its Riyadh office, which brings the management consulting firm’s number of global offices to 82.

BCG, a major global adviser on business strategy has, in recent years, provided specialized consulting services to Saudi-based clients in all sectors, to identify their highest-opportunities, address their most critical challenges, and transform their business.

In addition to working with clients in Saudi Arabia, BCG says it realizes the importance of making a difference within the Kingdom in hopes of leaving a mark on the local community.

BCG participates in social impact programs such as fostering youth entrepreneurship to support the Kingdom in thriving socially and economically.

“Saudi Arabia is currently in the midst of a major socio-economic transformation, driven by a rising non-oil growth rate, the emergence of knowledge industries, and the opening of new markets,” explained Hans-Paul Burkner, chairman of the BCG Group.

“BCG’s 82nd office opening in Riyadh further solidifies our overriding vision, which is to fully partake in and help accelerate Saudi Arabia’s economic transition,” he said.

“At BCG, our role is to support the Kingdom’s diversification agenda. We will also be doing our part to contribute to creating a strong, dynamic local talent base comprising of men and women. This is done by pushing our specialized local employment initiatives to hire talent from the Kingdom after which we invest in training and mentoring our local staff,” Burkner added.

The opening of the Riyadh office is said to have solidified BCG’s commitment to Saudi Arabia. To inaugurate this milestone for BCG, the official opening ceremony took place at the BCG Riyadh office, located in the Olaya Towers, on Oct. 26.

The ceremony was opened by Burkner and BCG Middle East Managing Partner Joerg Hildebrandt. BCG welcomed Abdullatif Al-Othman, governor and chairman of the board of directors of Saudi Arabian General Investment Authority (SAGIA) as the guest of honor for this occasion.

Al-Othman said: “I am very pleased to welcome the Boston Consulting Group to Saudi Arabia. Already, BCG has worked with both the Saudi public and private sectors on over 200 projects. But the establishment of BCG’s office in Riyadh is a very positive development in the relationship, particularly as the Kingdom continues to diversify its economy.”

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