New economic research unit at KPMG

Updated 10 April 2018
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New economic research unit at KPMG

KPMG Al-Fozan & Partners, a leading provider of audit, tax and advisory services, has established a specialized Research and Economic Studies unit. The new unit will conduct research on various aspects of the Saudi economy and publish reports based on such studies. It will also provide advice to investors through in-depth reports about the investment climate, impact on the economy and an analysis of economic indicators relevant to the Saudi economy.
KPMG Al-Fozan & Partners appointed Hussein Abusaaq as its chief economist and head of the Research and Economic Studies unit. Abusaaq will lead the new unit, which will cover the different business sectors in the Saudi economy.
He holds a doctorate in economics from the University of Florida, USA; a master’s degree in financial engineering; a master’s in financial economics from the US, as well as a bachelor’s in information systems management with honors from the King Fahd University of Petroleum and Minerals (KFUPM). Abusaaq has published several scientific research papers at global conferences in the US, and has participated in scientific seminars in a number of economic organizations. He served as an economist at the Saudi Arabian Monetary Authority since 2004 prior to joining the Ministry of Economy and Planning.
Abdullah Al-Fozan, chairman of KPMG MESA and KPMG Saudi Arabia, said: “Establishing this valuable unit coincides with the economic, investment, and development boom being witnessed by the Kingdom, in line with the Saudi Vision 2030 and its proposed programs, which is set to make Saudi Arabia a key attractive destination for investments in the region and the world.”
Abusaaq said that the Research and Economic Studies unit aims to fulfill the aspirations of relevant stakeholders in both the public and private sectors. “The unit will provide valuable studies related to the investment climate and analysis of economic indicators. It shall also keep track of and examine economic changes and assess all new developments taking place at the local level.”


VFS Global opens visa application center in Riyadh

Updated 23 September 2018
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VFS Global opens visa application center in Riyadh

VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions, has announced the opening of a UK visa application center in Riyadh, close to the diplomatic quarter.

VFS Global said the new center, which will serve travelers to the UK and Australia, is equipped to handle more visa applicants conveniently with increased seating capacity and ample parking space, while also offering ancillary travel services within the premises for a seamless customer experience.

Officially inaugurating the center, Ambassador of the UK to Saudi Arabia Simon Collis said: “‘Our customers in Saudi Arabia are extremely important to us, and we continually look for new and innovative ways to improve the visa service we offer, both to Saudi nationals and local residents. We offer an excellent visa service for those who choose to apply for a UK visa. 

For Saudi nationals, the average processing time for non-settlement visas is less than five days. Whether speed, convenience or comfort is the priority, we hope that this new VAC — and indeed the visa services available across the whole of Saudi Arabia — provide our customers with a Great British welcome from the very start of their journey to the UK.”

The new center is located at 2591, Al-Hada District, besides Courtyard Marriott Hotel and close to Ritz Carlton, Riyadh. Visa applicants to the UK and Australia can access details on visa application procedures at www.vfsglobal.co.uk/sa/en

Located on the Makkah Road, the center is also well-connected to the city center and other neighboring towns.

Vinay Malhotra, regional group COO for Middle East, South Asia and China, VFS Global, said: “The new standalone center has been designed with a view to provide a comprehensive experience to applicants in terms of visa processing and accessing necessary travel services under one canopy. The UK continues to remain a popular destination for tourism, business and student visitors from Saudi Arabia. The latest visa figures show that over 130,000 Saudi nationals were issued a UK visa in the last year.We are confident that the new center for the UK and Australia visa applicants will provide enhanced convenience and ensure customer delight.”

Managed by professionals, the center also offers the comfort of a Premium Lounge for more personalized service as optional service.