ALSANEA ECONOMIC CONSULTING
Mohammad Alsanea, Chairman of Al-Sanea Economic Consulting and the Founder of DUZO group. He worked as Auditor in HLB Kuwait from 2014 and is member of Kuwait Accountants and Auditors Association since 2014.
Kuwait is a rich country and a welfare state, financed almost entirely by oil revenues. Its inhabitants enjoy a very high per capita income. The country's prosperity is derived from its oil exports, which helped it create one of the largest sovereign funds – the Kuwait Investment Authority - worth approximately USD 550 billion in 2015. Kuwait has a leading position in the financial industry in the GCC; the abyss that separates Kuwait from its Gulf neighbors in terms of tourism, transport, and other measures of diversification is absent in the financial sector. The Emir has promoted the idea that Kuwait should focus its energies, in terms of economic development, on the financial industry. Kuwait has a large wealth-management industry that stands out in the region. Kuwaiti investment companies administer more assets than those of any other GCC country. The Kuwait Financial Centre, in a rough calculation, estimated that Kuwaiti firms accounted for over one-third of the total assets under management in the GCC. The relative strength of Kuwait in the financial industry extends to its stock market. In recent years, Kuwaiti investment companies have invested large percentages of their assets abroad, and their foreign assets have become substantially larger than their domestic assets.
AlSanea Economic Consulting was operating as a division of Kuwait Auditing and Accounting since 1997. Our Internal audit Professional help assess how a company’s Internal audit functions compare with leading practices and how these functions align with the current and future objectives of your audit committee, Executive management and operating unit. We are Advisory Professionals works with our clients to help them achieve Compliance, advising on how they organize their financial reporting processes and helping ensure that Accounting operations match the objectives of the business. Our tax advisors have experience in all types of businesses including banks, investment houses, family businesses, governments, and individuals. We combine both international and regional tax knowledge in order to provide the most sound advice for your business.
Internal audit, Advisory services, TAX