THE $1 BILLION OUTSOURCING INDUSTRY IN SAUDI ARABIA
Saudi Arabia is the second most popular destination and fastest growing market for outsourcing and shared services providers in the MENA region. With approximately a quarter of all shared service centres in the region and the majority of outsourcing providers based out of the Kingdom.
According to analysts, the OSS industry in Saudi Arabia is worth US $1 billion; comprising of information technology outsourcing worth US $807 million (2018) and business process outsourcing worth US $194 million (2018). The market is forecasted to experience rapid growth, with key drivers for companies being cost reduction and the ability to focus on core competencies.
Beyond this, companies are finding that they must do more to achieve a competitive advantage. This includes, improving performance speed and quality, reduced capacity gaps, increased agility, access to intellectual capital, the ability to reach new markets and accelerated innovation in the company. Through outsourcing and shared services, companies are able to tap into economies of scale, pooling of resources and greater expertise to achieve this competitive advantage.
Companies now have access to technology they wouldn’t have had the scale or budget for before, such as cloud computing, robotic process automation and artificial intelligence. The technology and services companies are able to access through OSS help improve their products to consumers and reach a competitive advantage.
These technologies can be utilized in multiple ways and across departments with most companies choosing to outsource immigration, IT, finance and HR although essentially any function can be outsourced.
Companies starting their journey with outsourcing can use it as a way to enter new markets and test the waters. Marketing outsourcing can be used for market research and sales outsourcing can be used as a way to reduce the time to market. For companies looking to expand into or grow in Saudi Arabia, outsourcing and shared services could be the component that gives them a competitive advantage.
Telephone: +971 4 4508 208 / +966 (11) 411 1127
Linkedin: Proven SA
For more information
Alexis Aboagye - Marketing Executive
+971 4 450 8208
Jumeirah Business Centre 1
Jumeirah Lake Towers
Dubai, United Arab Emirates
Founded by Saudi Nationals Zaid Al Mashari and Naif Al Otaibi in 2009, PROVEN SA delivers business solutions to companies currently operating in or looking to branch out into KSA. PROVEN SA is a specialist in corporate immigration, employee outsourcing and recruitment, Providing international companies with advanced regional insight and the necessary tools to successfully do business within the Kingdoms burgeoning markets. Due to an increase in international interest, PROVEN SA expanded out of Saudi in 2016, and now holds offices in Riyadh, Dubai, Dallas and London.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release THE $1 BILLION OUTSOURCING INDUSTRY IN SAUDI ARABIA here
News-ID: 1805731 • Views: 377
More Releases from Proven SA
The last decade in Saudi Arabia
Over the last decade, the changes made in Saudi Arabia would make the country almost unrecognisable. The once extremely conservative and traditional nation has has taken strides towards modernity, growth, development and innovation; pushing them ahead in the GCC region and globally. Saudi Arabia was economically stable relying on the massive amounts of oil they were able to produce and sell globally. They were the top oil producing country in 2010
SAUDI ARABIA’S CHANGING IMMIGRATION LANDSCAPE
Recent months have introduced immense changes in the Saudi Arabia immigration landscape; including the release of the tourist e-visa, the issuing of the first permanent residencies to foreigners and the new business visa. The changing immigration landscape calls for individuals and companies to remain up-to-date and compliant with the changes. Here’s the changes that have occurred and how they might affect you. Tourist e-visa The government released the tourist e-visa earlier
[WHITEPAPER] WHY PEO DELIVERS FOR BUSINESSES IN SAUDI ARABIA
Professional employer organisation services, or the shorter PEO as its usually called, is rapidly heading towards being the next business trend. As more companies expand into new markets, it’s often a way for them to improve staff benefits and administrative processes that they would not be able to otherwise. PEO also allows companies access to a range of support services that facilitate business growth, expedite the hiring process and give
FOREIGN INVESTMENT IN SAUDI ARABIA
The Saudi Arabian government, in recent years, have taken steps to make company set up and operating in the Kingdom easier. Through economic reforms, the government have created a market that’s welcoming to foreign investors. The introduction of online portals, easing of processes and implementing new licenses have all contributed to the rapid increase in foreign investment in the Kingdom. We created this whitepaper to give insight into setting up a
More Releases for Saudi
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past
Saudi Arabia Infrastructure Research Report
The report provides a detailed analysis of the Infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline. Request A Free Sample Report- http://www.marketresearchhub.com/enquiry.php?type=S&repid=1311098 The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary With a young and growing population, together with rapid
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations. This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from
Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi A …
The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030. Diversifying traditionally-oil based economies and reducing the
Booming Education Sector in Saudi Arabia
According to a new research report by RNCOS, “Saudi Arabia Education Forecast to 2016”, Saudi Arabia is presently regarded as the most lucrative market for education services in the GCC. The report revealed that, the improving infrastructure and increasing government support are contributing to the growth of education sector in the Kingdom. Moreover, during our analysis, it was found that rapidly increasing demand for skilled personnel across various industry verticals
Saudi Arabia Education Forecast to 2016
RNCOS has recently added a new Market Research Report titled, “Saudi Arabia Education Forecast to 2016” to its report gallery. Saudi Arabia, the most populated country in the Gulf Cooperation Council (GCC), represents the largest education industry in the region. With majority of the Kingdom’s population below the age of 25, the country’s education sector holds immense growth potential. According to our latest research report “Saudi Arabia Education Forecast to