PwC's $12bln global strategy will create 6,000 Middle East jobs

Firm says its new investment will create 100,000 jobs globally in five years

  
Image used for illustrative purpose. A bird flies past the logo of Price Waterhouse installed on the facade of its office in Mumbai, India, January 11, 2018.

Image used for illustrative purpose. A bird flies past the logo of Price Waterhouse installed on the facade of its office in Mumbai, India, January 11, 2018.

REUTERS/Danish Siddiqui

Professional services firm PricewaterhouseCoopers (PwC) has unveiled a new global strategy, which it says will create 6,000 jobs in the Middle East in five years.

The strategy in the Middle East will include hiring more than 500 new graduates each year, 50 percent of whom will be female and 80 percent Arabic speakers and providing them with training and qualifications.

The pledge is part of a $12 billion global investment to create 100,000 jobs in total while also achieving net zero carbon emissions by 2030.

The strategy, dubbed The New Equation, is in response to fundamental global change including technological disruption, resource scarcity, demographic and social change and the continuing effects of the COVID-19 pandemic and is based on analysis of global trends, PwC said.  

Bob Moritz, global chairman of PwC said: “The profound changes in the world mean that to succeed, organisations need to create a virtuous circle between earning trust and delivering sustained outcomes.

“By bringing our unique combination of capabilities together and matching it with serious investment and our commitment to quality, we can help them do that. In doing so, we will help clients unlock value for shareholders, stakeholders and wider society."

The company also plans to create an environmental, social and governance (ESG) Centre of Excellence in the Middle East region focused on energy transition and the broader ESG agenda.

(Writing by Imogen Lillywhite; editing by Seban Scaria)

imogen.lillywhite@refinitiv.com

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