For the fourth consecutive year, KPMG has reported achieving another double-digit growth amid rapid changes in the Kingdom.
KPMG Middle East and South Asia (MESA) revenues across all core functions grew in double digits with audit revenues increasing by 13 percent, tax by 19.1 percent and advisory by 10.6 percent. Within deal advisory and risk consulting revenues increased by more than 20 percent this year.
“There is certainly a lot of opportunity in the MESA region,” said William B. Thomas, chairman of KPMG International.
“MESA’s $2.5-trillion regional economy is too large for most global corporations to ignore.” In a recent visit to Cairo, Thomas attended KPMG’s 16th MESA Partners’ Conference, shortly after being elected to the global role.
Abdullah Hamad Al-Fozan, chairman of KPMG MESA and KPMG Saudi Arabia, said: “Our revenues grew in double digits for the fourth consecutive year across all core functions with advisory services accounting for the highest percentage. We are achieving record growth in the Kingdom due to the increasing demand for KPMG services by both the private and public sectors, with a particular focus on advisory. We are confident that growth will continue to increase.”
He said: “As part of our role, KPMG has been supporting the government’s initiatives linked to Saudi Vision 2030 and the National Transformation Program. We have refined our strategy so that it is in line with the Kingdom’s goals and plans.”
He said: “In addition, we are assisting numerous private sector clients for the introduction of the value-added tax (VAT) and the implementation of International Financial Reporting Standards as well as digitalization programs for leading organizations in the Kingdom.”
KPMG’s resource pool in the region had expanded to nearly 7,500 professionals and associates with member firms present in 15 countries and covering 32 office locations. In Saudi Arabia, KPMG resources include around 1,200 professionals and associates in Riyadh, Jeddah and Alkhobar.
KPMG Middle East and South Asia (MESA) revenues across all core functions grew in double digits with audit revenues increasing by 13 percent, tax by 19.1 percent and advisory by 10.6 percent. Within deal advisory and risk consulting revenues increased by more than 20 percent this year.
“There is certainly a lot of opportunity in the MESA region,” said William B. Thomas, chairman of KPMG International.
“MESA’s $2.5-trillion regional economy is too large for most global corporations to ignore.” In a recent visit to Cairo, Thomas attended KPMG’s 16th MESA Partners’ Conference, shortly after being elected to the global role.
Abdullah Hamad Al-Fozan, chairman of KPMG MESA and KPMG Saudi Arabia, said: “Our revenues grew in double digits for the fourth consecutive year across all core functions with advisory services accounting for the highest percentage. We are achieving record growth in the Kingdom due to the increasing demand for KPMG services by both the private and public sectors, with a particular focus on advisory. We are confident that growth will continue to increase.”
He said: “As part of our role, KPMG has been supporting the government’s initiatives linked to Saudi Vision 2030 and the National Transformation Program. We have refined our strategy so that it is in line with the Kingdom’s goals and plans.”
He said: “In addition, we are assisting numerous private sector clients for the introduction of the value-added tax (VAT) and the implementation of International Financial Reporting Standards as well as digitalization programs for leading organizations in the Kingdom.”
KPMG’s resource pool in the region had expanded to nearly 7,500 professionals and associates with member firms present in 15 countries and covering 32 office locations. In Saudi Arabia, KPMG resources include around 1,200 professionals and associates in Riyadh, Jeddah and Alkhobar.
