Booz Allen Hamilton (NYSE: 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.