Riyadh, Saudi Arabia – The Saudi Public Investment Fund (PIF), valued at $925 billion, has temporarily suspended awarding consulting projects to PricewaterhouseCoopers (PwC) for one year, until February 2026. However, the decision does not affect PwC’s auditing and financial review projects.
This move comes just two years after PwC obtained a license to establish its regional headquarters in Saudi Arabia, where it employs over 2,000 people across offices in Riyadh, Jeddah, AlUla, Khobar, and Dhahran.
PwC’s Middle East operations are estimated at $2.5 billion, making this suspension a significant blow to its regional activities.
