Doha: PwC yesterday unveiled ‘The New Equation’, its landmark global strategy which includes a $12bn investment globally over the next five years, creating over 100,000 new jobs including 6,000 jobs in the Middle East. PwC’s new strategy responds to fundamental changes in the world, including technological disruption, resource scarcity, demographic and social change, and the continuing effects of the COVID-19 pandemic.
The New Equation is based on analysis of global trends and thousands of conversations with clients and stakeholders, and builds on more than a decade of sustained revenue growth and continued investment, PwC said in a statement.
As part of The New Equation, PwC Middle East has also announced commitments to the region, which include: creating over 6,000 jobs in the Middle East over the next five years, with a focus on digital, emerging technologies and ESG; further invest in its digital capabilities through strategic acquisitions, emerging technologies, and establishing additional Experience Centres in the region, to complement PwC’s existing state of the art hub for innovation, co-creation and creativity; creating an ESG Centre of Excellence in the region focused on energy transition and the broader ESG agenda; Hiring over 500 new graduates each year, and providing them with training and qualifications that sets them up for a strong career in the region (doubling down on PwC’s existing commitment to promote inclusion and diversity, 50 percent will be female and 80 percent Arabic speakers); committing to achieving net zero greenhouse gas emissions by 2030, which involves transforming its business model to decarbonise the value chain; and continue to upskill its people to build a community of solvers, with the right skills to deliver solutions that are human-led and tech powered.
Hani Ashkar, PwC Middle East Territory Senior Partner, said: “We are bringing the best of our people, capabilities and technology together to support our clients in building trust and delivering sustained outcomes for their businesses and society. The most important challenges faced by clients and stakeholders can only be met through multi-disciplinary and diverse teams”.
He added: “We are proud to be part of the region’s transformation journey, and supporting governments and businesses in addressing broader societal issues, such as the digital divide, the growing need for upskilling and climate change.”
The New Equation focuses on two interconnected needs that clients face in the coming years.
