Deloitte to establish Digital Delivery Centre in Saudi capital Riyadh

12 March 2018

Big Four professional services firm Deloitte is set to install a Digital Delivery Centre in Saudi Arabia. The firm’s new offering will be supported by the Saudi Ministry of Communication and Information Technology, which is keen to leverage Deloitte’s digital expertise and footprint to boost economic diversification efforts in the Kingdom.

Deloitte presently provides audit & assurance, consulting, financial advisory, risk advisory and tax advisory through 26 offices in 15 countries in the Gulf Cooperation Council (GCC) region, with a headcount of more than 3,300 partners, directors and staff. Deloitte has stated that the significant investment in building the new Digital Delivery Centre (DDC) and the associated talent development programmes clearly demonstrate the firm’s commitment to supporting the Kingdom of Saudi Arabia’s Saudi Vision 2030 and the National Transformation Program.

The Deputy Crown Prince Mohammed bin Salman’s Vision 2030 is aimed at weaning the country’s economy off of its previous dependence on oil, boosting the private sector, and reducing unemployment, which hovers above 30% for youth. The DDC, which will be based in Saudi capital Riyadh, will be the first Deloitte Digital Delivery Centre in the region and is expected to support the digital skills development for Saudi youth, fostering technology-driven entrepreneurship, and advancing the delivery of consulting services within the Kingdom and throughout the Middle East.

Deloitte to establish Digital Delivery Centre in Saudi capital Riyadh

When complete, the DDC will also support the growing focus on digital initiatives by businesses and the public sector in the Kingdom, as well as across the Middle East, enabling the delivery of end-to-end innovative digital solutions at scale – and providing employment and training opportunities for hundreds of Saudi nationals, as well as attracting the best digital talent from abroad. As a result of its close fit with the Vision 2030 initiative, the Ministry of Communication and Information Technology (MCIT) will support the installation of the state-of-the art DDC.

To announce their backing of the project, the MCIT joined Deloitte in a signing ceremony in Riyadh, which was attended by Minister Abdullah Alswaha and Deputy Minister Dr. Ahmed H. Al-Theneyan of the MCIT; Punit Renjen, Deloitte Global CEO; David Sproul, Deloitte UK and North West Europe CEO; and Omar Fahoum, CEO of Deloitte Middle East. Also in attendance were Khaled AlSagga, Consulting Partner, Deloitte Middle East and Saudi Arabia, and Rashid Bashir, Public Sector leader at Deloitte Middle East.

Commenting after the ceremony, Punit Renjen said, “Digital technologies such as artificial intelligence, data analytics and cloud computing are going to change life as we know it. Deloitte’s investment in the digital infrastructure of the Kingdom of Saudi Arabia will contribute to building a thriving economy and vibrant innovative society with new job opportunities for many Saudi citizens.”

David Sproul added, “The Deloitte Middle East Consulting business, supported by investment and resources from the UK and Deloitte North West Europe, will form alliances with the Saudi government and businesses to help ensure alignment to their key strategic objectives. By bringing together the best of the Deloitte network’s experience globally in digital transformation and change we will support a market that increasingly needs expertise in the delivery of large scale transformation programs.”

Professional services in Saudi Arabia

Saudi Arabia has already proven fertile ground for the professional services industry. Deloitte’s Big Four competitors PwC are presently focusing on a female talent drive in the Kingdom, while strategy consultancy BCG was recently contracted to assist with the landmark opening of public cinemas, amid Saudi Arabia’s wider drive for liberalisation.

McKinsey & Company has also found its expansion into the nation fruitful. The firm has been a mainstay in the plans of the Saudi crown, and amid thriving demand McKinsey purchased local management consultancy Elixir in order to cope with a heightened workload in the region.

Global strategy consultancy CVA launches first Middle East office in Dubai

10 April 2019

The boutique global strategy consultancy Corporate Value Associates has launched an office in Dubai – to be led by 20-year consulting veteran Olivier Staub.

Global strategy consulting firm Corporate Value Associates (CVA) has launched its first Middle East office in Dubai, adding to its existing network of 17 offices across Europe, the US and Asia Pacific. The new office will be led by Olivier Staub, a strategy consulting veteran with over 20 years of international consulting and business development experience – the last 14 of those based out of Dubai.

Established in 1987, CVA has grown to a team of more than 250 advisors worldwide, serving  clients with strategy needs across multiple sectors, including energy & utilities, financial services, mining & materials, TMT, transportation and defence. Recently, the consultancy was named by Decideurs Magazine as among the top strategy consulting firms to the industrials segment in France.

The launch of its first Middle East office is a significant step for CVA, which places a particular emphasis on its global network. “We ensure that learnings from work in one country are quickly disseminated to others – best practices are transferred not just between industry practices, but also across geographies. Global staffing and training guarantee there is one global standard: the CVA standard,” the firm states.Global strategy consultancy CVA launches first Middle East office in DubaiJoined by CVA founder Paul-Andre Rabate and Paris-based partner Carole Ott for its inauguration, Staub will head up the Dubai office after a brief stint at fellow boutique consultancy Emerton, before which he served for four years as a partner with local strategy firm Novo Management Partners. Earlier in his career, Staub spent seven years with Oliver Wyman, and initially started out as a consultant with Deloitte in Paris.

Over the course of his career, Staub has amassed experience in over 20 countries in Europe, the Middle East, Africa and Asia, with functional expertise in corporate and growth strategy, M&A and due diligence, turnaround programmes and programme management, organisational design, and corporate governance among other areas. He also co-founded e-commerce company Neodirect in Paris, serving as its business development director for three years.

Staub joins Sami Grouz in the broader MENA region, who has led the firm’s Casablanca office since the middle of last year, and will be supported in the new UAE venture by Thomas Fabbes, an Oxford graduate in Materials Science who has been with CVA’s London office since September. According to the firm, its junior consultants are ‘hand-picked’ from the only the top universities and schools around the world – with the firm currently in the middle of a recruitment drive.

CVA founder and Managing Partner Paul-Andre Rabate himself received a doctoral degree in Business Economics from Harvard University, joining BCG in 1978 before co-founding strategy consultancy Mars & Company in France the following year prior to establishing CVA. “CVA has always been a global boutique and this new office opens the door to exciting challenges in the Middle-East,” the firm stated on LinkedIn. “Olivier, we wish you the best of luck in this central region.”