Riyadh, Saudi Arabia – In a significant milestone for PwC Middle East, a leading professional services firm in the region, its official regional headquarters in Riyadh was inaugurated on Wednesday. The establishment of the headquarters underscores the company’s unwavering commitment to the Middle East, as it aims to create 6,000 new jobs and invest further in digital technology, environmental sustainability, social responsibility, and governance capabilities.
The Company successfully obtained its regional headquarters license from the investment and commerce ministries of Saudi Arabia, solidifying its position as a key player in the country’s business landscape. By establishing the headquarters before the deadline of January 1, 2024, set by the regional headquarters program commissioned by the Saudi Investment Ministry and the Royal Commission of Riyadh, The Company has demonstrated its dedication to complying with regulations and contributing to the development of the local economy.
The inauguration ceremony took place at a prestigious hotel in Riyadh and was attended by high-profile figures, including Saudi Investment Minister Khalid Al-Falih, Hazim Zagzoog, a royal court adviser, and Kevin Ellis, representing PwC EMEA. Minister Al-Falih, in his address, expressed his delight in joining the celebration and praised PwC Middle East for its decision to establish the regional headquarters in Riyadh.
“I am delighted to join PwC Middle East as it inaugurates its new regional HQ in Riyadh, which will help to build the RHQ ecosystem in Saudi Arabia and set global standards for how a professional services sector RHQ should operate,” stated Minister Al-Falih. He also commended PwC for its commitment to employing over 1,000 talented Saudi professionals, emphasizing the mutually beneficial relationship between the company and the local workforce.
Hani Ashkar, a senior partner at PwC Middle East, shared his enthusiasm upon obtaining the license for the regional headquarters. He expressed gratitude for the opportunity to contribute to Saudi Arabia’s remarkable transformation as it continues to progress towards its Vision 2030 and beyond.
“At PwC Middle East, we are fully committed to supporting Saudi Arabia’s next phase of its transformational agenda as we digitize, decarbonize, localize, privatize, and modernize,” Ashkar remarked. This commitment aligns with the goals of Saudi Arabia’s Vision 2030, an ambitious plan to diversify the economy, reduce dependency on oil, and drive sustainable growth in various sectors.
PwC Middle East’s new regional headquarters in Riyadh will serve as a hub for strategic decision-making, client services, and innovation. It will enable the company to enhance its operations across the Middle East region while providing comprehensive support to clients seeking professional services in finance, consulting, technology, and other key areas.
The establishment of the headquarters represents a significant step forward for PwC Middle East in its quest to strengthen its presence in Saudi Arabia and contribute to the country’s economic development. With a focus on investing in cutting-edge technologies, fostering local talent, and embracing sustainable practices, PwC Middle East is well-positioned to navigate the evolving business landscape and create a positive impact on the region’s economy.
As PwC Middle East embarks on this new chapter, the company’s commitment to excellence, integrity, and innovation remains steadfast. By leveraging its global expertise and local insights, PwC Middle East aims to be a trusted partner for businesses and governments alike, supporting their growth, transformation, and success in the Middle East and beyond.
With the regional headquarters license obtained from the Saudi Arabian investment and commerce ministries, PwC Middle East has met the requirements set by the regional headquarters program commissioned by the Saudi Investment Ministry and the Royal Commission of Riyadh. By proactively meeting the deadline, PwC Middle East has demonstrated its ability to adapt to regulatory frameworks while capitalizing on the opportunities offered by the Saudi Arabian market.
The inauguration ceremony, held at a prestigious hotel in Riyadh, was attended by influential figures from both PwC and the Saudi Arabian government. Saudi Investment Minister Khalid Al-Falih, a prominent advocate for economic development and diversification, expressed his enthusiasm for the establishment of PwC’s regional headquarters in Riyadh. He highlighted the significant role that PwC Middle East will play in shaping the professional services sector in Saudi Arabia and setting global standards for excellence.
