BrazilOCO Global launches new office in Saudi Arabia
OCO Global, a consultancy specialised in international trade and foreign investments, has launched a new office in Saud Arabia, its 2nd in the Middle East and 13th worldwide.
The new hub of OCO Global will focus on all aspects of economic development supporting Saudi government clients to build, develop and deploy programmes that generate jobs, trade and investment opportunities in the Kingdom.
The Riyadh-based team will also work with Saudi entities seeking to export or make investments abroad. The two offerings are aligned with Vision 2030, which aims to diversify the Kingdom’s economy from a dependence on oil to other sectors, and establish the nation as a leading hub for foreign direct investments.
“We are delighted to formally establish a direct presence in the Kingdom, having supported multiple entities across the Saudi ecosystem in the last decade,” said Gareth Hagan, CEO of OCO Global.
Engagements for Saudi-based clients were up until now delivered by fly-in teams from other offices, mainly the Dubai hub, where OCO Global has a 20-strong team. The new Riyadh team, which consists of a mix of Western leaders and Saudi nationals, will provide OCO Global with closer proximity to its clients.
Meanwhile, the Saudi office will also offer guidance to international companies looking to better understand and explore the local market through a range of research and market entry services.
With Saudi Arabia one of the world’s fastest growing economies, corporates and investors are ramping up their investments in the Kingdom. “International investment into Saudi has increased by 41% over the last five years” commented Joe Hepworth, Director of OCO Global in the Middle East, “and with almost 20 years of experience of working in the region, it’s high-time that we were part of these statistics and became investors ourselves!”
“A fast-growing economy like Saudi Arabia presents unique challenges, so it is essential for investors to have a trusted advisor in the market. Our Riyadh office will help international clients navigate the many opportunities that abound.”
Hagan added: “Vision 2030 has captured the interest of the world, and we believe there is huge potential to further develop trade and investment opportunities.”
Headquartered in Belfast (Northern Ireland), OCO Global works for clients including leading national, state and regional economic development organizations, as well as private companies seeking to enter new markets or grow their domestic base, such as EY, Renishaw, Siemens, Smiley Monroe, PepsiCo and Santander.
