Opportunity Assessment of Saudi Arabian Market for Environmental Services, 2015
The environmental services market in the Kingdom of Saudi Arabia (KSA) is expected to grow at a healthy Compound Annual Growth Rate (CAGR) of 12.9% till 2020. In this market, the environmental consulting services segment was the largest revenue generator in 2015. While the market faced constraints on account of lower spend and delayed projects, the Presidency of Meteorology and Environment (PME) is expected to get more autonomy in the future and implementation of environmental standards is likely to become more stringent and compliance, necessary. This is expected to result in an increase in the market potential for these services in KSA, going forward.
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