RIYADH: Saudi Arabia is planning to hire around 700 new employees over the next five years, as it ramps up its presence in the kingdom, it was announced on Wednesday.
At the end of the first quarter of this year, KPMG Al Fozan & Partners had 1,200 employees Saudi Arabia, of which around 500 were Saudi nationals, the company said.
Last year, Trefor Murphy, CEO of Dubai-based recruitment firm Cooper Fitch, forecast that the introduction of VAT would create thousands of new jobs across the Gulf.
“We talked about 5,000 jobs being created. I would now suggest that is a significant understatement,” Murphy told Zawya in April 2017.