With 87 years of uninterrupted presence in the Middle East, Deloitte has played a vital role in the growth of the region to date. We’re also very much a part of its future. Deloitte has identified the Middle East as a priority market that represents superior growth opportunities. As such, our firms, operating in 15 countries and employing around 3000 professionals, have been targeted for major investment. This is accompanied by a focused strategy of expansion in key business areas and a continued emphasis on recruiting and retaining the most talented professionals from the region and other countries to serve Middle East companies. The figures already speak for themselves with impressive revenue growth of over 25% for the past three consecutive years, and a headcount that has increased by 50 percent.
This is an exciting time to be one of the leading professional services firms in the region. With 66 percent of the world’s oil reserves and 40 percent of the earth’s gas, the countries of the Middle East are expected to deliver average GDP growth of at least five percent over the next two years, in spite of the economic downturn. Increasingly liberal economic policies combined with a relatively stable socio-political environment, as well as state-driven economic diversification policies and a shift toward private ownership, are projected to produce a fivefold increase in the region’s GDP over the next 25 years.
Our clients benefit from the breadth and diversity of our resources in helping them manage their growth and broaden their presence in the global economy. Combining the global insight and innovation of a worldwide firm with local knowledge and industry expertise, our people offer powerful business solutions that help our clients excel. To address the growing market needs, we have expanded our specialized professional services in the Middle East, leveraging our local and global talent in areas such as Financial Advisory Services, Enterprise Risk Services and International Tax Services. We have also continued to play a pivotal role in serving the region’s high-growth industry sectors such as tourism, hospitality and leisure, construction, telecoms and financial services, as well as major sectors such as oil and gas, the public sector and the Gulf region’s sovereign wealth funds. Our Middle East knowledge centers are a testament to our specialized capabilities in strategic services and industries.
Powering these initiatives are our people, who, every day in every one of our member firms, strive to be the standard of excellence and, in so doing, to help our clients excel. With our people representing the backbone of our organization and our ambassadors to our clients and markets, we believe in making Deloitte in the Middle East the most sought after organization for talent. In 2009, Deloitte & Touche (M.E.) received recognition as a Best Employer in the Middle East from global human resources consulting firm Hewitt Associates, the only professional services firm in the region to receive this accolade. Just as we look forward to playing a major role in the future of the Middle East through our services to clients, we also look forward to continually investing in the future of the region’s greatest talent.