Abdulaziz Alnaim joins KPMG as managing partner in Alkhobar

Abdulaziz Alnaim

KPMG in Saudi Arabia has announced the appointment of Abdulaziz Alnaim as managing partner of its Alkhobar office.
A CPA for over 10 years, Alnaim brings with experience as a senior accounting and investment professional in large real estate and financial organizations.
Abdullah Alfozan, chairman of KPMG MESA and KSA, said: “Alnaim possesses an important mix of corporate, project management and family business experience that is vital to understanding the needs of modern businesses in the Kingdom.
“His presence at KPMG in Saudi Arabia will help us cement our position as the leading accounting, tax and advisory firm in Saudi Arabia and further support our fast growth operations in the Eastern Province.”
KPMG said its Eastern Province office is important as business and investment opportunities in the region are highly significant. The Eastern Province accounts for two-thirds of Saudi Arabia’s exports economy. As the center of the Kingdom’s oil industry, the region has been the backbone of the Saudi economy, leading to the successful development of non-oil industrial sectors. The scope for further such development is bright as the region’s infrastructure is highly advanced and attracts foreign investment in various sectors such as electricity, water, communications and more. Vision 2030 plays significant role in prospering the business in the area where many family businesses contribute 12 percent of the gross domestic product (GDP).
The new energy city, which was announced recently, will add add more significance to the region and the Kingdom as it is expected to add SR22.5 billion ($6 billion) to the GDP each year in Saudi Arabia.
Alnaim said: “It is an honor to be a part of the management of such a renowned and respected firm as KPMG, especially at such a crucial time in the development of Saudi Arabia. I look forward to working on those issues that are most important to the growth and strengthening of Saudi companies.”
In FY16 more than 300 new external partners and more than 600 promoted KPMG partners were welcomed into the leadership ranks. KPMG’s global workforce grew by more than 8 percent to almost 189,965 partners and staff, the highest number of individuals ever employed across the network.