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PwC Sees Middle East Revenues Rise to 23% of Total
October 13, 2012
By Michael Foster, Big4.com Blogger
Middle East revenues are expected to rise past its recent share of 23 per cent for PwC, the firm said. Over the past year, Middle Eastern business accounted for $339 million of the firm’s total revenue, and the firm hired 33 partners in the region to support a workforce of over 2,700 in the region. The United Arab Emirates was PwC’s most active country in the region, with nearly 1,000 employees in that nation.
PwC expects its Middle Eastern workforce and revenues to rise in the coming year, thanks to strong demand for its expertise in the region. PwC Middle East Managing Partner Warwick Hunt said that the region remains “highly competitive” but that the firm sees “substantial progress” in its work there. “We will continue to invest heavily in the region, expanding our capabilities and providing our people with the professional training programmes needed to support the highest value added services we can provide to our clients,” he said.
PwC says that the Middle East remains the company’s fastest growing region, and the company’s objectives in the region “remain unchanged.” Hunt said the firm is “striving to be the premier professional services network in the region.”