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FINANCIAL NEWS
PricewaterhouseCoopers to create 250 jobs in ME
23 Jan 2011
(MENAFN) Dennis Nally, Chairman of PricewaterhouseCoopers (PWC), said that within the upcoming six months, it plans to hire 250 people in the Middle East (ME) region, and expects revenues from developing countries to account for double the current total in five years, Arabian Business reported.
According to Nally, over the past 18 months, the world’s second-largest professional services firm spent $50 million in the Middle East, and expects to spend a similar amount in the near future. PricewaterhouseCoopers, which earns 20 percent of revenue from developing countries today, expects that figure to double to 40 percent by 2016, he added.
The UK-based firm expects growth in Saudi Arabia, the biggest Arab economy, Jordan and Egypt, and is particularly targeting Gulf Arab countries, including Saudi Arabia, the UAE and Kuwait which pump more than 20 percent of the world�s crude oil and are spending billions of dollars to diversify their economies, explained the chairman.
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