KPMG Al Fozan & Partners establishes new economics research unit
Source: MPR Saudi for KPMG , Author: Posted by BI-ME staff
Posted: Wed April 4, 2018 11:26 am

SAUDI ARABIA.   KPMG Al Fozan & Partners, a leading provider of Audit, Tax and Advisory services, has established a specialized Research and Economic Studies unit. The new unit will conduct research on various aspects of the Saudi economy and publish reports based on such studies.

It will also provide advice to investors through in-depth reports about the investment climate, economic impacts on the economy and an analysis of economic indicators relevant to the Saudi economy.

KPMG Al Fozan & Partners appointed Dr. Hussein Abusaaq as its Chief Economist and Head of the Research and Economic Studies Unit. Dr. Abusaaq will lead the new unit which will cover the different business sectors in the Saudi economy. 

Dr. Hussein Abusaaq holds a PhD in Economics from the University of Florida, USA, a Master’s Degree in Financial Engineering, a Master in Financial Economics from the USA, as well as a B.A in Information Systems Management with Honors from King Fahd University of Petroleum and Minerals (KFUPM).

He has published several scientific research papers at global conferences in the US, and has participated in scientific seminars in a number of economic organizations. He served as an Economist at the Saudi Arabian Monetary Authority since 2004 prior to joining the Ministry of Economy and Planning.

Abdullah  Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, said: “Establishing this valuable unit coincides with the economic, investment, and development boom being witnessed by the Kingdom, in line with the Saudi Vision 2030 and its proposed programs; which is set to make Saudi Arabia  a key attractive destinations for investments in the region and the world.

Dr. Hussein Abusaaq, KPMG’s Chief Economist, stressed that establishing the Research and Economic Studies unit aims to fulfill the aspirations of relevant stakeholders in both the public and private sectors.

He said: “The unit will provide valuable studies related to the investment climate and analysis of economic indicators. It shall also keep track of and examine economic changes and assess all new developments taking place at the local level, including plans, policies and trends related to the economic policy in the Kingdom.” 

 Photo Captions:
1. (above)  KPMG Al Fozan & Partners has appointed Dr. Hussein Abusaaq as its Chief Economist and Head of the Research and Economic Studies Unit
2. (inset)    For illustrative purposes only (File photo)

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 22, 2018
Bain & Company's spring luxury update highlights four trends shaping the personal luxury goods market in 2018 and beyond.
date:Posted: June 21, 2018
INTERNATIONAL. Private sector can be an important partner in meeting US$320 billion in oil and gas investment, Crescent Petroleum CEO tells OPEC seminar.
date:Posted: June 18, 2018
UAE. 24% of Middle Eastern entrepreneurs are motivated by social impact and view it as their top priority as a business owner; 66% are undertaking angel investing.
dhgate