In 2025, companies across the Kingdom of Saudi Arabia (Target Audience KSA) are significantly boosting their investment in risk advisory consulting and related services. This trend is not accidental but the result of a broader economic transformation under Vision 2030, which is pushing businesses to modernize, diversify, and become more resilient amid rapidly evolving risks. As organizations navigate a shifting landscape of operational threats, digital disruption, and regulatory demands, the demand for professional risk advisory guidance has surged enabling companies to mitigate risks more effectively and safeguard long-term growth. Insights Advisory plays a crucial role in shaping this transformation by helping firms interpret complex risk environments and make informed strategic choices to drive performance and compliance.
According to industry research, the risk analytics market in Saudi Arabia reached approximately USD 395 million in 2025, reflecting the growing reliance on advanced data-driven risk measurement and early warning systems. Concurrently, broader risk management and governance platforms are expanding, with governance, risk and compliance (GRC) platforms alone valued at around USD 493.4 million in 2025. Together, these figures underscore the scale of corporate investment in understanding and anticipating risks across sectors.
The Economic Imperative Behind Advisory Risk Consulting Investments
Saudi Arabia’s economic landscape is evolving at an unprecedented pace. The Kingdom is shifting away from oil dependence toward diversified growth fueled by sectors such as technology, tourism, manufacturing, and entertainment. This diversification brings complexity—and with complexity comes risk.
For many organizations, simple operational oversight is no longer enough; they need specialized expertise that anticipates emerging threats. Advisory risk consulting enables companies to quantify potential losses, model risk scenarios, and develop robust mitigation strategies. Firms are investing in such services to ensure their strategic planning is resilient against internal and external shocks like supply chain disruptions, cyberattacks, market volatility, and compliance failures.
This trend is reflected in management consulting growth across the region, with the Saudi management consulting market estimated at nearly USD 4 billion in 2025 and expected to continue growing as Vision 2030 projects accelerate. As companies deepen their strategic risk frameworks, they increasingly rely on expert consultants to translate complex risk data into actionable insights and future‑proof plans.
Drivers Fueling the Rise in Risk Advisory Spending
Vision 2030 and Mega Projects
Vision 2030 is transforming the Kingdom through large‑scale infrastructure and development projects. Initiatives such as NEOM, Red Sea Global, Qiddiya, Roshn, and Diriyah demand sophisticated project planning and enhanced risk governance. These giga‑projects involve navigational, financial, regulatory, and operational challenges that necessitate expert risk advisory support at every phase of development. Additionally, the Saudi Public Investment Fund (PIF) continues to channel considerable funds into new sectors, fostering collaboration between public and private stakeholders and increasing the need for risk advisory partnerships that can scale with ambition.
Digital Transformation and Cyber Risks
Across industries—from banking to healthcare to energy Saudi organizations are embracing digital transformation at high speed. While digital initiatives promote efficiency and innovation, they also introduce new threats, particularly cyber risks and data privacy concerns. Implementing robust security risk frameworks has become indispensable, prompting increased investment in risk advisory services that specialize in cybersecurity, compliance, and governance architectures.
Indeed, the rapid expansion of regulatory technology (RegTech) in Saudi Arabia forecasted to grow at a compound annual growth rate of around sixteen percent between 2025 and 2031 illustrates how technology is reshaping risk compliance and reporting needs.
Regulatory Landscape and Compliance Pressures
The regulatory environment in Saudi Arabia is becoming more stringent. New regulations on data protection, governance, and financial reporting require businesses to ensure ongoing compliance or face penalties. This intensifying regulatory burden has made risk advisory services a must‑have, not a nice‑to‑have, for organizations that want to maintain market credibility and avoid costly mistakes.
In financial services, rapid growth in M&A deals where activity in 2024 increased by fifty‑five percent compared with prior years has expanded demand for transactional risk advisory as firms engage in more sophisticated corporate deals.
Benefits Realized by KSA Firms
Proactive Risk Identification and Scenario Planning
Through advisory risk consulting engagements, firms gain the ability to map potential future scenarios and determine the probable costs associated with different risk exposures. This proactive approach contrasts sharply with reactive risk management, which often leads to escalated losses and slower recovery.
Saudi companies are now adopting advanced risk modeling tools, translating risk exposure into quantifiable capital cushions and targeted mitigation actions. This adoption reflects a shift from traditional risk control to strategic risk optimization one that enhances resilience and strengthens decision‑making at board and executive levels.
Enhancing Corporate Governance and Stakeholder Confidence
By aligning strategic planning with structured risk assessments, firms reinforce internal governance and boost stakeholder confidence. Effective risk advisory partnerships help companies show investors, regulators, and partners that they have a defensible strategy for navigating uncertainty. In turn, this improved governance often contributes to greater investment inflows, reduced cost of capital, and enhanced competitive standing domestically and internationally.
Reduced Costs and Operational Continuity
Investing in risk advisory services may seem like an upfront cost, but it often results in significant long‑term savings. By identifying vulnerabilities early whether in supply chains, financial processes, or regulatory compliance companies can avoid operational disruptions and expensive remediation efforts later. This efficiency translates into both cost containment and improved operational continuity.
Challenges and Future Outlook
Despite the robust increase in investment, Saudi companies face challenges such as a skills gap in specialized risk management roles. Firms often compete for experienced professionals who can interpret complex data models and translate risk insights into effective strategies. Addressing this talent shortage is a priority if organizations want to scale their risk frameworks effectively.
Looking toward the future, the risk management and advisory landscape in Saudi Arabia is expected to continue expanding. With risk analytics projected to nearly double by 2034 and GRC platform adoption rising alongside digital transformation initiatives, the ecosystem for risk advisory will only deepen and diversify.
Call to Action
For Saudi organizations eager to strengthen their strategic resilience and governance posture, partnering with a trusted expert like Insights Advisory can unlock higher performance and long‑term sustainability. Don’t wait for risk to disrupt your business; reach out to Insights Advisory today to develop a tailored risk strategy that aligns with your growth objectives in 2025 and beyond.
Conclusion
In 2025, the rapid increase in investment by KSA companies in risk advisory consulting services reflects a broader shift toward strategic risk management in a complex economic landscape. Fueled by Vision 2030, large‑scale projects, digital transformation, and regulatory pressures, firms are increasingly recognizing the value of professional risk advisory expertise. With substantial market growth in risk analytics and governance platforms, Saudi companies are not just managing risk—they are harnessing it as a competitive advantage. Through proactive planning, robust governance, and expert insights, businesses in the Kingdom are positioning themselves for sustainable success in an uncertain world.
Finance Advisory 