Ernst & Young
Saudi Arabia

The Kingdom of Saudi Arabia is the largest country on the Arabian Peninsula. It is bordered by Jordan on the northwest, Iraq on the north and northeast, Kuwait, Qatar, Bahrain, and the United Arab Emirates on the east, Oman on the southeast, and Yemen on the south, with the Persian Gulf to its northeast and the Red Sea to its west.

It has an estimated population of 27.5 million, and its size is approximately 2,150,000 square km. Saudi Arabia is the world's leading petroleum exporter. Oil accounts for more than 90 percent of exports and nearly 75 percent of government revenues, facilitating the creation of a welfare state.

Saudi Arabia's population, as of July 2006, is estimated to be about 27,019,731. The official language is Arabic, but English is also used widely. Local time is GMT+3hours.

Riyadh

Many industries contribute to the Riyadh’s economy. These include food processing, an oil refinery, and chemical and plastics factories. Riyadh is the transport hub for the entire kingdom. It is well-connected by highways and rail to the Dammam and the King Khalid International Airport, which hosts the majority of international flights and connections to all other airports in the country.

Riyadh Offices

Ernst & Young opened its office in Riyadh in 1974. The office has grown steadily since then and now has a strong multinational team of professionals, with a substantial and growing number of Saudi Nationals.
The Riyadh Offices have over 465 professional staff. It is the largest in Saudi Arabia and audits many of the commercial banks operating in the Kingdom as well as the Saudi Arabian Monetary Agency - the country's Central Bank.

Services Offered

The services offered by Riyadh office are Audit and Advisory Business Services, Tax and Business Risk Services.

Industries

Ernst & Young Riyadh office’s client base includes Asset Management, Automotive, Banking and Capital Markets, Consumer Products, Insurance, Investment Funds, Media & Entertainment, Oil & Gas, Pharmaceutical, Real Estate, Telecommunication and Utilities.

Location

Audit practice is located on level 6 , Al Faisaliah Tower at King Fahad Road. For further information please contact Abdulaziz Al-Sowailim.

Ernst & Young consulting is located on 21st floor, Kingdom Tower at Olaya Main Street. Please contact Omar Bitar for further information.

Jeddah

Most of the major trading companies have established their headquarters in Jeddah. The Saudi Arabian Marketing and Refining Company (SAMAREC) and Saudia - the national airline, both government-owned, are based in Jeddah. They employ a huge work force, and their presence exerts a considerable impact on the local economy. Industry plays a minor part in Jeddah's economy, though tourism is a thriving industry. Spurred on by the increase in tourism, resorts, hotels, restaurants, shops, builders and more businesses are growing there.

Jeddah offices

The Jeddah office of Ernst & Young was the first office to be opened in Saudi Arabia in the year 1967. Since then, it has continued to grow to meet the needs of the many businesses that developed and flourished during the 1970’s and 1980’s. Today we are proud to serve clients throughout the Western Province including many in the nearby cities of Makkah Al Mukarramah, Al Madinah Al Munawarah and Yanbu.
Apart from being the largest provider of audit services to the financial services industry and a leading business advisory services practice, we have a dominant tax practice that is widely recognized as a leader in providing proactive, innovative, and quality tax advisory services to international and local clients.
With over 180 staff and a strong national training programme for Saudi nationals, Ernst & Young is one of the largest professional services firms in Jeddah.

Services Offered

The services offered by Jeddah office are Assurance & Advisory Business Services, Risk Advisory Services, Business Advisory Solutions and Tax.

Location

The Advisory practice is located on the 5th floor, Adham Commercial Center at Madina Road.
For further information please contact Rami Nazer or Maher Zureikat for Business Advisory Solutions.

The Audit & Tax practices are located on 4th floor, Al-Nakheel Center at Madina Road.
For further information please contact Sami Farah.

Al Khobar

Al Khobar is to be found in the Eastern Province of Saudi Arabia and in many ways the city serves as a gateway to the Kingdom of Saudi Arabia for those travelling across the causeway from Bahrain. The city of Al Khobar is located adjacent to the cities of Dhahran and Dammam. The head quarter of Saudi Aramco is located in Dhahran and the cities of Al Khobar and Dammam are host to local and international companies working for Saudi Aramco.

Al Khobar office

The Ernst & Young Office at Al Khobar was established in 1969. Its team of professionals represents different nationalities, a significant number of which are Saudi nationals. The office has over 110 experienced professionals providing clients with a wide range of services.

Services Offered

Ernst & Young provides an array of professional services including audit, tax, internal audit, risk management, feasibility study, due diligence, valuation and other business advisory services.

Industries

The office serves local and international companies operating in various industries from petrochemicals, oil field services, banking, information technology, construction, manufacturing and trading industries.

Location

The office is located on the 4th floor of the Juffali Building (Previously called the Fluor Arabia Building) on Dammam Khobar Highway.

For furture information please contact Riyad Feddah for audit services and Leslie Willard for Business Advisory Solutions .