Booz Allen Hamilton to Support Business and Economic Growth in the Kingdom of Saudi Arabia
Global leader in management and technology consulting enters new market to facilitate enhanced and sustainable economic growth across government and private institutions
MCLEAN, Va.--(BUSINESS WIRE)-- Booz Allen Hamilton (NYS: BAH) announced today it has been registered by the Kingdom of Saudi Arabia Ministry of Commerce and Industry to pursue business opportunities in the Kingdom in support of domestic economic diversification. The firm will focus its expertise on providing services to government and commercial clients on critical issues related to the Kingdom's development, most notably in the areas of cyber security, information technology, transportation and other selected infrastructure. The firm believes its capabilities will be of particular value to clients in the financial services, health care, defense and other markets.
The Kingdom of Saudi Arabia is showing rapid development and growth of its economy, including areas in which Booz Allen Hamilton has significant expertise. "In 2013, the Kingdom is investing in health, the financial sector, social services, education and transportation and water infrastructure," said Senior Vice President Don Pressley, who leads the firm's MENA operations. "These investments are emblematic of a growing economy, but they also herald the need for the kind of smart, holistic planning we're known for. Booz Allen brings to the Kingdom much more than just our extensive prior experience supporting U.S. government contracts in the region. Our reputation is built on our focus on our clients' most important missions, our inspired thinking and our ability to support the full life cycle of programs - from development and implementation, through execution and operation."
Booz Allen Hamilton will draw on nearly 100 years of global experience - including more than three decades of support for the Royal Saudi Naval Forces -- in support of the Kingdom's economic diversification and to address the emerging needs of the era, particularly related to cyber security. The Kingdom's government has begun to invest seriously in cyber security with widespread plans for the region, and is working to increase awareness and protection around cyber threats - areas in which Booz Allen is a known leader with a unique approach to intelligence-based cybersecurity. The firm has particular expertise in providing cyber services to governments and commercial clients in the financial, health and energy sectors.
In addition, the firm will guide civil government, defense and security clients in the development of their technological capabilities, as well as supporting transportation planning with geospatial capabilities, emphasizing a holistic, full life-cycle approach that integrates technology decisions with broader concerns that can lead to a stronger outcome for clients.
Booz Allen Hamilton's registration to do business in the Kingdom of Saudi Arabia is a key pillar in its strategy to engage in the Middle East as a full partner in the growth and development of the region. The firm will continue to expand its government and commercial consulting business in the Middle East and North Africa. The firm's regional headquarters is in Abu Dhabi, and Booz Allen also conducts business in Qatar, Kuwait and Oman.
About Booz Allen Hamilton
Booz Allen Hamilton is a leading provider of management and technology consulting services to the U.S. government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations. Booz Allen is headquartered in McLean, Virginia, employs approximately 25,000 people, and had revenue of $5.86 billion for the 12 months ended March 31, 2012.
KEYWORDS: United States North America Saudi Arabia Middle East Virginia
The article Booz Allen Hamilton to Support Business and Economic Growth in the Kingdom of Saudi Arabia originally appeared on Fool.com.
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