KPMG in the Middle East & South Asia (MESA) region reported a 10.7% growth in aggregated revenues of member firms across the MESA region for the fiscal year ended 30 September 2016. This was the third consecutive year for the region to record double digit growth, placing it among the fastest growing regions within the KPMG network.
During the year, KPMG across the MESA region had over 2,500 new joiners including 12 new Partners. A further 15 Partners were appointed through internal promotions. By the year end, KPMG’s resource pool within the region had expanded to nearly 7,000 professionals and associates with member firms present in 14 countries and covering 30 office locations.
Vijay Malhotra, chairman and CEO – KPMG in the UAE and Oman said: “This has been an encouraging year for KPMG in the MESA region and in the UAE and Oman in particular. Despite market challenges stemming from oil price volatility, we have continued to innovate and invest at a record pace, to meet the ever-changing market needs. We have significantly increased the breadth of services offered to our clients, alongside investments in new digital and data-driven technologies and hired highly talented professionals who can help our clients embrace innovation and disruption. As the regulatory environment goes through unprecedented levels of change – with the implications of Basel III, IFRS and VAT expected to be felt in 2017, our priority is to help our clients meet their obligations, while supporting their growth agendas.”
In the wider Global context, KPMG International announced aggregated network revenues of US$25.42 billion for the fiscal year ended 30 September 2016 (FY16), representing an 8.0% increase in local currency terms.
