A Gulf Cooperation Council government ministry
Diversification programme value
MNCs committed to HQ relocation
New jobs in Phase 1
Challenge
With oil revenue projected to fall 30% by 2035, the government needed to grow tourism, fintech and advanced manufacturing while creating 150,000 private-sector jobs.
Approach
We developed sector-specific master plans with detailed regulatory, infrastructure, and human-capital requirements. We designed investment incentive frameworks to attract foreign direct investment, modeled fiscal impacts under multiple scenarios, and established a cross-ministerial program management office to coordinate execution across 14 government entities.
Impact
The government ratified a $60 billion diversification program. Within 18 months, 23 multinational firms committed to establishing regional headquarters, and 12,000 new private-sector positions were created in the initial phase.