Leading professional services company, PwC Middle East, has announced the inauguration of its new regional headquarters in Riyadh.
Launched in the presence of HE Eng. Khalid Al Falih, the Minister of Investment, the headquarters’ regional licence was granted by the Ministry of Investment and the Ministry of Commerce, demonstrating the country’s support for PwC’s commitment to the region in creating 6,000 new jobs, and continued investment in digital technology and environment, social and governance (ESG) capabilities.
PwC has been operating in Saudi Arabia for over 40 years, and the inauguration furthers its stake in the nation’s development as it assists the kingdom’s efforts to strengthen and diversify the economy, and supports the development of the local talent.
Al-Falih said: “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.” He added that “it is a natural continuation of a longstanding, trusted and mutually beneficial relationship and I also commend PwC on its strong record of employing more than 1,000 talented Saudis in its workforce.”
Hani Ashkar, a Senior Partner at PwC Middle East, said: “We are thrilled to have received our licence for our Regional Headquarters and are honoured to continue supporting the kingdom’s remarkable transformation, as we accelerate towards 2030 and beyond.” He stated: “At PwC Middle East, we are fully committed to supporting Saudi Arabia’s next phase of its transformational agenda as we digitise, decarbonise, localise, privatise and modernise.”
The regional headquarters programme is an initiative commissioned by MISA and the Royal Commission of Riyadh City (RCRC) requiring companies to establish a headquarters in the kingdom by January 1, 2024 and PwC Middle East now has obtained its licence ahead of time.