PwC Seeks to Mend Relations with Saudi Arabia, Sources Say.
PwC is working to repair its relationship with Saudi Arabia after the kingdom suspended activities between its sovereign wealth fund and the consulting firm. The situation affects over 2,600 PwC employees worldwide who work on projects in Saudi Arabia, generating significant revenue for the company. PwC has assured its employees that the issue is related to a "client" matter and not a regulatory one.
- The entanglement of private interests with government business can create complex webs of influence and undermine trust among clients.
- What are the long-term implications of Saudi Arabia's decision on PwC's global reputation and access to lucrative consulting contracts?