Mazars in the Gulf Cooperation Council (GCC) region
You will find here a presentation of Mazars in the Gulf Cooperation Council (GCC) region as well as short descriptions for each country of the GCC.
A strong regional presence
Mazars has plans in motion to strengthen its presence in the Gulf Cooperation Council region and to follow the development of its clients in this region via the creation of a powerful platform, which now comprises 500 professionals. In the Arabian Gulf, Mazars has expanded with respect to its principles: by integrating the finest local partners to offer large companies, public entities or individual entrepreneurs’ in-depth knowledge and understanding of regional regulations in the fields of accounting, audit, tax and advisory services.
Mazars has offices in the UAE, Qatar, Bahrain, Oman, Kuwait and correspondent agreements in Saudi Arabia and the Palestinian territories. These offices are strategically important for Mazars' Group and offer professional services specifically tailored to the region.
The first team was present in the region in 1982 and hence benefits from over 30 years of experience.
In Jordan and Iraq we work together with our fully trusted business partners, with whom we had long standing relationships, to deliver the highest quality service to our clients and allow a full coverage of this region and part of the Middle East region. Mazars is also present in all the North African countries of Algeria, Morocco, Tunisia and Libya. Large international clients from the world over now have a partner they already know and can rely on in this area, while well-established local companies still benefit from their longstanding relationship with partners they are used to dealing with professionally.
Under the leadership of our highly qualified partners, the employees and partners of Mazars have developed a complete range of services offered to both regional and international clients.
These activities and services we offer are detailed in the following page: Our services
Sharing our values
In all our activities we adhere to the following cre principles:
Professionalism through Independence,
Integrity through Ethics,
Change through Diversity,
Commitment through Responsibility.
Seizing growth opportunities
Our organisation faces amazing growth opportunities across the GCC region. Diverse sectors from petrochemicals to information technology are all experiencing dramatic surges in demand as globalisation draws the UAE, Qatar, Bahrain, Oman, Kuwait and the rest of the Gulf into increasingly important roles in the international economy. At the same time, local markets are becoming more competitive, costs are rising, and the need for efficiency is greater than ever. Reducing operational costs and improving your return on capital are imperative.
Greater participation in the global economy has brought more complex and more rigorous professional standards.
These standards cover financial reporting, compliance and record keeping, quality and intellectual property protection. Local firms and the regional branches of multinationals now must meet these professional standards to comply with government regulations, and to compete successfully.
Benefiting from the new business opportunities in the GCC region means growing your capabilities, expanding, penetrating new markets and building relationships within and beyond the nation’s borders. Doing this, raises challenging questions- how to finance expansion, which banks to go to when you need working capital and how to diversify for example.
To operate and compete successfully, you need reliable business information and advice from specialists you can trust. This help can extend to every aspect of your business including your financial reporting, internal audits, company set up and advisory services, intellectual property protection, feasibility studies and management consulting. Over time, the type of support you need will vary, making it essential that your advisors know you, know your customers, and understand your business.
Mazars’ complete, adaptable and flexible range of services ensure that we are equally capable of serving both smaller companies and owner-managed businesses in addition to in-depth auditing of large corporate multi-national firms. This depth of experience and resources make Mazars your ideal partner in taking your business forward.
The United Arab Emirates
Mazars is present in the UAE since 1982 and can count on 70 professional accountants present in 3 offices covering the various emirates.
Established in 2003 by Abbas Al-Humaid. Mazars is an approved practice by the Capital Market Authority (CMA) to audit the Entities regulated by them including Listed public stock companies, Mutual Investment Funds, Insurance companies, agents and brokers and others
Further to a successful cooperation initiated in 2008, Al Tawfik CPA, an accounting and auditing services firm which traces its roots back to 1976, has joined Mazars international partnership in September 2011.