KPMG said they have seen significant growth in the Gulf kingdom, which introduced VAT in January
KPMG Al Fozan & Partners plans to create more than 700 jobs over the next five years, with a focus on Saudi nationals. The company is a provider of audit, tax and advisory services in Saudi Arabia.
KPMG said they have seen significant growth in the Gulf kingdom, which introduced VAT in January and is expecting to see further growth from both public and private sectors as businesses change the pace 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 also 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.”
He is confident with the changes tax bought, the introduction of VAT at the beginning of this year was an "important landmark" and the tax will "benefit everyone and create huge employment opportunities for Saudis, both in public and private sectors".