PwC Middle East revenues rise 23% to $339m
- United Arab Emirates: Sunday, October 07 - 2012 at 13:10
- PRESS RELEASE
On October 4, PwC, the world's professional services network, reported record global revenues for the fiscal year ended 30 June 2012 of $31.5bn, an increase of 8% over 2011.
PwC Middle East Managing Partner, Warwick Hunt, commented that "PwC's growth in the Middle East reflects our commitment and our goal of becoming the leading professional service provider in the Region. The year to June 2012 has seen us make substantial progress towards this objective, against a highly competitive environment. This is a testament to the trust clients have placed in the quality and value of our services, the talent and dedication of our People and the strength of our network across the 12 countries in which we operate in the Middle East."
PwC has focused on the government, energy, financial services, infrastructure and sovereign wealth sectors. The Firm's Assurance, Advisory and Tax lines of service reported increases in revenue of 15%, 27% and 24% respectively.
As part of its commitment to the Middle East, PwC continues to invest heavily in the development of its People. Over the past year, it has admitted 33 new partners specialising in a full range of industries and competencies as well as expanding its workforce to over 2,700, including almost 1,000 in the UAE.
Mr Hunt added "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. We recognise the importance of personal development as both a driver of our competitive advantage as well as the personal aspirations of every PwC professional. We take our obligation to assist in the building of capacity and National talent in the Region equally seriously."
"Our aspirations in the Middle East remain unchanged," Mr Hunt said. "We are striving to be the premier professional services network in the Region, recognised for our size, the talent of our People and the strength of our brand. We have made great progress over the last three years and have every intention of continuing to provide outstanding service to our clients, and unmatched opportunities for our people now and in the future."
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