Officials during the event in Riyadh, Saudi Arabia.

KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, signed an agreement with Oracle to accelerate the adoption of cloud-based emerging technologies in the Kingdom of Saudi Arabia to support the growth of the country’s digital economy in line with Saudi Vision 2030.

Under this initiative, Saudi organisations across the public and private sectors or from the start up community that are already on a digital journey and are keen on exploring the impact of cloud-led digital transformation across their businesses, can now benefit from the joint capabilities of KPMG’s Insights Centre and Oracle Innovation Hub in Riyadh.

The agreement was signed by Dr Abdullah Al Fozan, Chairman, KPMG Professional Services and Fahad Al-Turief, Vice President and Country Leader, Oracle Saudi Arabia.

Dr Abdullah Al Fozan, Chairman, KPMG Professional Services, said: “The pandemic has accelerated efforts of digital transformation, in a space that was already evolving at a high pace. This is the right time to invest more in the digital ecosystem and forge relationships to be stronger and more efficient together. This partnership will encourage innovation and attract more international investment into Saudi Arabia, thus be a catalyst for job creation. We are excited to offer the joint capabilities of KPMG Insights Centre and Oracle Innovation Hub to our customers.”

This collaboration will offer organisations in Saudi Arabia access to KPMG’s expertise in helping companies kickstart a culture of innovation using service design and latest cloud led technologies from Oracle Cloud Infrastructure including Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning to initiate customised digital transformation to meet specific objectives.

“There are several trends pushing business-across all industries-toward the cloud technology in Saudi Arabia and around the world. For most organisations, the current way of doing business might not deliver the agility to grow or provide the platform or flexibility to compete”, said Fahad Al Turief - Vice President and Country Leader, Oracle Saudi Arabia.