Prime Highlights:
- PwC is boosting its presence in Saudi Arabia, providing consulting and auditing services while supporting Vision 2030.
- The company resumed consulting for the Public Investment Fund, reinforcing its role in the Kingdom’s economic development.
Key Facts:
- A recent labor market study by PwC found that 85% of young Saudis prioritize job security, above the global average of 79%.
- PwC, headquartered in London, operates in 136 countries with over 700 offices and is one of the “Big Four” professional services firms.
Background:
PwC Middle East is set to strengthen its footprint in Saudi Arabia by opening new branches in key cities, following the launch of its regional headquarters in Riyadh last December, according to Mostafa Gad, the firm’s government and public sector partner.
Currently, PwC operates in five Saudi cities, including Riyadh, Jeddah, and Al Khobar, and is planning to open a new branch in AlUla. Gad said Saudi Arabia is an important market for PwC, as it is one of the region’s top economies.
The company is focused on hiring local talent, with Saudis making up more than 54% of its workforce, and plans to increase this number.
PwC largely offers financial auditing and consulting services in the Kingdom, and in collaboration with the public and the private sectors, to facilitate Vision 2030.
Following a short break, PwC is back to consulting the Public Investment Fund to aid the country’s economic growth. It also involved the company in a labor market study in four countries, which was headed by Saudi Arabia.
The research revealed that 85 percent of young professionals in the Kingdom prioritize job security, higher than the global level of 79 percent.
PwC is a professional services firm that is among the Big Four, which consists of Deloitte, Ernst & Young, and KPMG. It operates in 136 countries and has more than 700 offices in London, with its headquarters, offering auditing, consulting, digital services, cybersecurity, and risk management.
