KPMG Al Fozan & Partners, a provider of
audit, tax and advisory services in Saudi Arabia, has announced plans to create
more than 700 jobs over the next five years, with a focus on Saudi nationals.
The company said it has achieved significant
growth in the Gulf kingdom, which introduced VAT in January 2018, adding that
it expects to see further growth from both public and private sectors as
businesses keep pace with the changes in the country’s economy.
Abdullah Al-Fozan, chairman of KPMG MESA and
KPMG in Saudi Arabia, said: “KPMG is witnessing record growth in the kingdom
due to the increasing demand for its services by both the private and public
sector, with a particular focus on advisory.”
Al-Fozan said KPMG is looking to recruit
qualified nationals to fill professional roles. At the end of the first quarter
of this year, there were about 1,200 employees in KPMG in Saudi Arabia of which
over 500 were Saudi nationals.
He added: “KPMG plans to add at least 700
professionals over the next five years to meet the expected growth in business.
In line with this plan, KPMG has moved into new spacious offices in Jeddah and
Khobar and has already signed a lease agreement for a new office complex in
Riyadh.”
The introduction of VAT at the beginning of
this year was an "important landmark", he said, adding that he is
confident that the tax will "benefit everyone and create huge employment
opportunities for Saudis, both in public and private sectors".
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