About the Middle East and South Asia region

About the Middle East and South Asia region

Located between trading routes connecting Western and Eastern nations and in close proximity to Europe, Africa and India, the Middle East & South Asia (“MESA”) region has for centuries been and continues to be a hub for global and regional trade.

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About the Middle East and South Asia Region

The MESA region, rich in natural resources and diversity is home to around seven percent of the world’s population and covers both developed and developing economies. Interesting about the region;

  • The Kingdom of Saudi Arabia is one of the 20 largest economies in the world
  • The Dubai International Airport in the United Arab Emirates was recognized as the world's busiest airport for international passenger traffic in 20151
  • The State of Qatar was ranked among the world’s highest per capita income countries in 20152
  • The official currencies in the State of Kuwait and in the Kingdom of Bahrain are among the world’s highest valued currencies.
  • Egypt is the largest country by population in the Arab world
  • Oman is considered to be oldest independent State in the Arab world with rich cultural heritage
  • Bangladesh ranked among the world’s fastest growing economies in 20163
  • Pakistan is the world's 6th most populous country
  • Colombo in Sri Lanka ranked the fastest growing destination city in 20154
  • Petra, one of the “New Seven Wonders of the World” and the Dead Sea, known to be the lowest point on earth are both located within the MESA region.
  • Lebanon has one of the largest proportions of skilled labour among the Arab States

Current economic policy places significant emphasis on economic diversification as well as on adopting new regulations to create a stronger economic environment, with these transformations reaching virtually all aspects of the economies and societies within these countries. It is clear that substantial opportunities exist within the region and investments are necessary for longer-term growth.

About KPMG in the Middle East and in South Asia Region

With over 6,500 professionals and associates working across 30 office locations in 14 countries, KPMG member firms in the MESA region work closely together to meet the needs of international, regional as well as local clients.

At KPMG, we know that local developments must be seen in a larger, global context to enable thinking in strategic dimensions. Subject specific regional hubs and infrastructure help to maintain a high level of client service throughout the region. Through our worldwide network of member firms, we are also able to leverage a broad multinational pool of skilled and experienced professionals who possess an intimate understanding of each of their local markets and respective functional domains. KPMG firms offer customized professional services across audit, tax, management consulting, risk consulting and deal advisory to a large and growing clientele of corporates and organizations.

Practices included in the Middle East & South Asia sub-region are located in:

*The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Footnotes

1Airports Council International.

2World Bank: World DataBank.

3weforum.org referring to data from IMF World Economic Outlook, April 2016.

4MasterCard 2015 Global Destination Cities Index.

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