KPMG JOINS THE DIGITAL COOPERATION ORGANIZATION TO PROMOTE INCLUSIVE DIGITAL ECONOMY GROWTH

Riyadh, Saudi Arabia, 15 August 2022 – The Digital Cooperation Organization (DCO), the intergovernmental organization established to enable digital prosperity for all, today announced KPMG as the first professional services organization to join as an official observer.

KPMG launches second edition of global tech innovator competition
News Highlights
1). 2022 KPMG Private Enterprise Global Tech Innovator competition is being hosted in over 21 countries round the world
2). 2022 edition of Global Tech Innovator competition will find the most influential tech innovator
3). 2021 competition attracted close to 700 competitors from around the world where Natufia – a smart kitchen garden concept stood the winner of local competition
4). The final Global Tech Innovator event will be held during the Web Summit 2022 in Lisbon, Portugal

KPMG: Building sporting culture to attract domestic, international tourists to Saudi Arabia

Key Highlights

(1) – Jeddah gears up for its second Formula One (F1) event the coming weekend.
(2) – KPMG Report, “Competitive edge: The unfolding potential for sports tourism in Saudi Arabia”
(3) – sports sector contributes around 0.2% of the Kingdom’s GDP; Tourism 3%. Targeting 0.6% of GDP, tourism 10% by 2030.
(4) – Excellent potential in multi-sports games such as Olympics, Asian Games, Asia Cup, World Cup, Formula One, etc.

EMEA sees record $77 billion in fintech investment in 2021: KPMG’s Pulse of Fintech H2’21

• VC investment in fintech skyrocketed in the EMEA region to surpass more than $30 bn during 2021 — more than tripling from its previous high of $9.9 billion in 2020.
• The fintech ecosystem in the Middle East also continued to evolve, with a $50 million raise by UAE-based Tabby in H2’21.
• Fintech deal sizes are growing in the Middle East— primarily in the payments space