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KPMG MESA region witnesses 6th consecutive year of double-digit growth

Annual review

Becomes one of the fastest growing sub-regions in the KPMG network

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Dubai, 19 December 2019: The aggregated revenue of KPMG member firms in the Middle East & South Asia (MESA) region grew by 11.6% in local currency terms for the fiscal year ended 30 September 2019, marking the sixth consecutive year of double-digit growth.

The region’s workforce grew to a record high of over 8,000 professionals and associates with more than 2,200 new hires in the year. These milestones contributed to placing MESA among the fastest growing sub-regions in the KPMG network.

Reyaz Mihular, Chairman of KPMG MESA, said: “As we strive to create sustainable value for clients, we are embracing change and collaborating as a region. This emphasis is reflected in the latest propositions that we intend to bring to the market and also in milestone projects being delivered within the region. A strong emphasis is placed on the pillars of trust and quality which we foresee as pivotal, and also in embedding technology into all core functions.”

He added: “I am particularly excited with our initiatives that aim to drive greater engagement with millennials who now constitute over half of the region’s talent pool, and with the innovative new office spaces being established across the region to completely redefine our people and client experience”.

Transformation continues to remain a priority for governments in the MESA region with a view to diversifying their economies, creating wider opportunities and propelling economic growth. KPMG is witnessing innovation particularly in the technology space, in areas such as artificial intelligence, augmented reality, autonomous vehicles and drones, data analytics, cloud computing and blockchain, which are reshaping business models across industries globally and regionally.

KPMG member firms are working alongside companies in the MESA region, supporting them with the introduction of digital models to assist in tapping next generation consumers and better positioning them for the future. The KPMG MESA region spans 14 countries and territories, and covers over 30 office locations.

 

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About KPMG International

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

The financial information set forth represents combined information of the separate KPMG member firms that perform professional services for clients. The information is combined here solely for presentation purposes.

KPMG International performs no services for clients nor, concomitantly, generates any client revenue. Headcount figures are expressed as FTE (full-time equivalent) and are based on average headcount for the financial year.

 

Press contacts for KPMG Lower Gulf:

 

BPG Orange

 

Mara Carpencu

+971 4 506 5563

mara.carpencu@bpgorange.com

Dharti Chatterjee

+971 4 506 5561

Dharti.Chatterjee@bpgorange.com

© 2020 KPMG Lower Gulf Limited, registered in the UAE and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the United Arab Emirates. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

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