KPMG Al Fozan & Partners, a leading provider of audit, tax and advisory services, has established a specialized Research and Economic Studies unit in Riyadh, Saudi Arabia.

 The new unit will conduct research on various aspects of the Saudi economy and publish reports based on such studies. It will also provide advice to investors through in-depth reports about the investment climate, economic impacts on the economy and an analysis of economic indicators relevant to the Saudi economy.

KPMG Al Fozan & Partners appointed Dr Hussein Abusaaq as its chief economist and head of the Research and Economic Studies Unit. Dr Abusaaq will lead the new unit which will cover the different business sectors in the Saudi economy.

Dr Hussein Abusaaq holds a PhD in Economics from the University of Florida, USA, a Master’s Degree in Financial Engineering, a Master in Financial Economics from the USA, as well as a BA in Information Systems Management with Honours from King Fahd University of Petroleum and Minerals (KFUPM).

He has published several scientific research papers at global conferences in the US, and has participated in scientific seminars in a number of economic organizations. He served as an Economist at the Saudi Arabian Monetary Authority since 2004 prior to joining the Ministry of Economy and Planning.

Abdullah  Al-Fozan, chairman of KPMG MESA and KPMG Saudi Arabia, said: “Establishing this valuable unit coincides with the economic, investment, and development boom being witnessed by the Kingdom, in line with the Saudi Vision 2030 and its proposed programs; which is set to make Saudi Arabia  a key attractive destinations for investments in the region and the world.”

Dr Abusaaq said: “The unit will provide valuable studies related to the investment climate and analysis of economic indicators. It shall also keep track of and examine economic changes and assess all new developments taking place at the local level, including plans, policies and trends related to the economic policy in the Kingdom.”  - TradeArabia News Service