Booz Allen Hamilton, a management and technology consulting global leader, has developed a road map to predict the likely outcomes and economic impact of a range of potential government policy decisions in the Kingdom.

“The initiative, which is in partnership with Asharqia Chamber of Commerce, is the first step in giving key policy makers insight into likely outcomes of their decisions,” said Don Pressley, Booz Allen Hamilton’s GM for Midddle East and North Africa.

He added that Booz Allen Hamilton seeks to underscore the opportunities and challenges presented by decisions relating to nationalization policies and the associated labor market parameters.

Pressley added that the Kingdom’s economic diversification program has resulted in strong growth in the construction sector, now one of the most vital industries for the domestic economy.

He said that a simulation workshop was held and it measured a variety of potential policy initiatives and sought to evaluate their theoretical impact on nationalization initiatives (e.g. Nitaqat and Hafiz), the likelihood of a project’s success and the contractors’ profitability.

“The key theme derived from the simulation was the critical importance of raising awareness around both the challenges and opportunities presented by nationalization policy implementation,” he said.

He added that “in doing so, our goal is to identify solutions that can serve the commercial aspirations of Saudi companies operating in the contracting sector while also responding to the government’s need for job creation.”

Booz Allen Hamilton was recently registered with the Ministry of Commerce and Industry to pursue business opportunities in the Kingdom in support of domestic economic diversification.