Bahrain set to unveil PwC Middle East’s latest regional service centre

Manama, July 5 (BNA): PwC Middle East intends to establish a new service center in Manama, Bahrain, during the first quarter of 2024.

The Service Center will provide strategic compliance and advisory services to a wide range of global organizations. In line with PwC Middle East’s objective to expand its presence in the market regionally. The center will strengthen PwC’s global network of 328,000 people working in 152 companies around the world.

Located in the heart of the Gulf and providing an easily accessible gateway to Saudi Arabia, Bahrain is strategically located to facilitate the regional success of the new service centre.

As a leading global firm, specializing in tax, legal, transactional, insurance (auditing) and advisory services, the new delivery center will continue to support its diverse client portfolio, which includes the public sector, financial institutions, healthcare providers, manufacturers, telecom service providers, and more from its Bahrain office.

PwC Middle East expects to create 50 new job opportunities for Bahrainis with an overall operating target for the center of 250 job opportunities. The regional service center in Bahrain will work closely with other centers in the region, with initial plans already in place to serve the customer base in the region.

Hani Ashkar, Senior Partner Middle East at PwC Middle East, said Bahrain’s highly talented, bilingual workforce is an undeniable asset against the backdrop of a growing economy that is experiencing impressive and steady growth.

“We are a community of analysts who combine human ingenuity, expertise, technology and innovation to drive sustainable results,” he added.

Khalid Humaidan, CEO of the Bahrain Economic Development Board, said that PricewaterhouseCoopers’ decision to establish a regional service center in Bahrain is evidence of the kingdom’s thriving financial system.

“Over the years, Bahrain has established solid financial foundations that enable today’s existing businesses to be rendered efficiently. Because of its world-class infrastructure and talented workforce that fuses local vision with global perspectives, Bahrain continues to create global success stories and support the expansion plans of leading companies in industry, and we look forward to supporting PwC’s latest initiative throughout their investment journey.”

In line with the Economic Recovery Plan (ERP, 2021) that aims to develop Bahrain’s economy with a focus on high-impact strategic sectors, the regional center is set to emerge as an influential contributor to diversification efforts. The oil and gas sector has recently overtaken the oil and gas industry as the largest contributor to GDP growth at 17.5% from 2022. Bahrain’s financial services sector continues to show steady growth and is home to a well-balanced portfolio of leading local, regional and global financial institutions.

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