For the fourth consecutive year, KPMG in Saudi Arabia reported achieving another double digit growth for fiscal year ended September 30, 2017 in the backdrop of Saudi Arabia gearing up for rapid changes.
KPMG Middle East & 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 advisory, 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 as many economies continue to transform amidst disruption. MESA’s USD 2.5 trillion regional economy is too large for most global corporations to ignore,” said William B. Thomas, Chairman of KPMG International.
“At KPMG in Saudi Arabia 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 sector, with a particular focus on advisory. We are confident that growth will continue to increase as the economy transforms amidst disruption,” added Abdullah Hamad Al-Fozan, Chairman of KPMG MESA and KPMG in Saudi Arabia.
