Saudi Telecom Company joins BCG co-owned Brightline Initiative

21 November 2017

Saudi Telecom Company, the largest telecom company in the Middle East and North Africa (MENA), has joined the Brightline Initiative, a think tank coalition launched by among others The Boston Consulting Group (BCG) that aims at bridging the gap between strategy design and strategy delivery.

In February this year, The Boston Consulting Group (BCG) teamed up with Agile Alliance and Project Management Institute (PMI) to launch the Brightline Initiative. With the platform the founding members want to provide for CXOs insights and solutions to bridge the “recurring and expensive gaps” between strategy development and strategy implementation.

A report by the Economist Intelligence Unit for instance found that 61% of senior executives worldwide admit their organisations struggle to deliver the expected results of strategy planning, and only 56% of strategic initiatives were implemented successfully. According to research by BCG, only 24% of organisations deliver consistent total shareholder returns, with suboptimal performance in the majority of cases tied to poor strategy execution. 

Saudi Telecom Company

“The Brightline Initiative brings together the thought leadership of three leaders in the field, and will integrate the best of the existing knowledge surrounding strategy implementation and link it to initiative management. It will, taking a holistic approach, deliver insights and solutions, empowering leaders to successfully transform their organisation’s vision into reality through strategic initiative management,” said Ricardo Vargas, Executive Director of Brightline.

By joining the Brightline Initiative, Saudi Telecom Company wants to learn how it can better “capture emerging opportunities in the MENA while remaining a leader in ICT and managing overall challenges over the coming years,” explained Khaled Biyari, CEO of the Riyadh headquartered company. The Saudi firm was established in 1998 and today generates revenues of $13.8 billion, realised mainly in Saudi Arabia, but also in Bahrain, Kuwait, the UAE, Turkey, South Africa, Malaysia and India.

Biyari: “Saudi Telecom Company has a profound expertise and a renowned success in building and executing strategies. We are looking forward to joining a coalition that brings together leading organisations and academics worldwide to address the critical business issue of successful strategy delivery.”

PwC partners with the Project Management Institute's Saudi chapter

21 March 2019

Professional services firm PwC has signed a three-year partnership agreement with the Saudi Arabian branch of the Project Management Institute.

Following up from its recent deal with the Emirates Institute for Banking and Financial Studies, the Middle Eastern arm of global professional services giant PwC has signed another agreement – this time with the Saudi chapter of the Project Management Institute: PMI-KSA. The three year collaboration will seek to promote and advance the project management profession in the Kingdom.

Counting some 500,000-plus members worldwide, the Project Management Institute (PMI) is a non-profit industry association for project management professionals, providing advocacy, research, education and the most widely accepted certification for more than 2.9 million professionals worldwide. Among 300 international chapters in 80 countries, PMI’s Saudi branch is one of the largest in the Middle East.

“PMI-KSA is pleased to sign this strategic MoU with a prestigious company like PwC to promote the project management profession,” said PMI-KSA President, Nabilah Al-Tunisi, who is the chief engineer for Saudi Aramco. “We aspire through this MoU and other PMI-KSA programmes to further expand the membership and awareness of the project management profession.”PwC partners with the Project Management Institute's Saudi chapterAccording to the Memorandum of Understanding (MoU) signed by PwC and PMI-KSA, the two organisations will form a partnership of “community, knowledge, technical and cultural advisory” in a number of key areas to develop the strength of the profession in the Kingdom – including collaboration on “standards, educational institutions, events and special interests”.

In a press joint statement, PwC and PMI-KSI outlined a number of objectives, including; to support and encourage the adoption of PMI standards and increase their use for KSA’s Mega Initiatives; to increase the competency of local project managers through accredited training courses; and to share and leverage knowledge gained through publications, site visits and events.”

“For decades, we have been known for our practice to help our clients with their projects from strategy through execution; as well as supporting them in realising and reaping the benefits of each phase,” said PwC Saudi Arabia Country Senior Leader Riyadh Al Najjar. “It is in our heritage of creating trust and providing advice to help public and private organisations be successful.”

Al Najjar continued: “This partnership is another restatement to this effort, only cementing our mission; and we hope that together with PMI-KSA we can continue to support our clients in the best way possible and equip our people to become the leaders of tomorrow.  Together, we can bring forth the best of our combined knowledge and experiences and make an impact in the future of project management in the Kingdom.”