News

United Accountants – Member of Nexia International – has released its latest market analysis, providing a strategic outlook on Egypt’s evolving economic landscape. As a leading firm in financial consulting and transaction management, we are closely monitoring the key drivers of growth within the Egyptian and Gulf markets.

Real Estate Outlook: A 30% Increase in Value Based on our specialized research, United Accountants projects a 30% increase in property values over the next three years. This forecast is rooted in the extensive urban development across Egypt, with the real estate sector now contributing approximately 30% to the national GDP. Our analysis highlights the impact of the 38 newly established fourth-generation cities and massive infrastructure projects, which have significantly bolstered Egypt’s global standing and currently support a workforce of 30 million people.

Strategic Investment Forecasts & Global Interest Our firm’s projections indicate that total investment inflows to Egypt could reach approximately $300bn in the coming period. Key drivers identified include:

• The Ras El Hekma Project: UAE-led investments estimated at $200bn over the next 15 years.
• New Regional Hubs: An additional $100bn expected from the development of the Ras Gamila and Ras Banas areas, which are attracting significant interest from Gulf investors, particularly the Saudi Investment Fund.

Driving Professional Excellence Reflecting on the firm’s trajectory and the trust placed in us by the financial community, Haytham Torkey, Managing Partner at United Accountants, stated:

“Our 40% growth in client base during 2024 is a testament to the expertise of our team of 200+ specialists and 9 partners. We remain dedicated to expanding our core services in FinTech, international taxation, and digital transformation to support this dynamic investment climate.”*

A Partner in Egypt’s Economic Stability At United Accountants, we believe that the influx of foreign investment is a cornerstone of market stability. We are committed to providing the high-level financial due diligence, transfer pricing expertise, and strategic planning necessary to facilitate these historic transactions, ensuring long-term growth for our clients and the Egyptian economy.

Reflecting our rapid growth and the increasing trust of the business community, United Accountants – Member of Nexia International – is proud to announce a comprehensive strategic plan to expand our service offerings across the Middle East and North Africa (MENA) region. This expansion is designed to meet the sophisticated needs of evolving markets, particularly in Financial Technology (FinTech), strategic consulting, and Mergers & Acquisitions (M&A).

Responding to Global Market Dynamics Our decision to broaden our service portfolio comes in direct response to the increasing demand for specialized expertise in international taxation and digital transformation. As a full member of Nexia, a global network spanning 790 offices worldwide, we leverage international best practices to serve over 480 major institutions across diverse sectors, including banking, investment funds, healthcare, and tourism.

Strengthening Leadership and Professional Excellence To support this ambitious growth, United Accountants has strategically added new partners to our leadership team this year. These professionals bring extensive experience from “Big Four” firms and hold elite local and international qualifications. This infusion of talent enhances our capacity to deliver world-class Financial Due Diligence, financial planning, and restructuring services that foster operational efficiency and long-term sustainability.

A Year of Unprecedented Growth We are pleased to report a 40% increase in our client base in 2024 compared to the previous year. Haytham Torkey, Managing Partner at United Accountants, commented on this milestone:

“This growth reflects the deep trust the financial and business community places in our services. It underscores our ongoing commitment to delivering innovative, comprehensive solutions that anticipate and meet the complex needs of the market.”

Leadership in Tax and Sustainability At United Accountants, we continue to lead the market through our specialized Transfer Pricing unit, addressing complex tax challenges in related-party transactions. Furthermore, we are actively supporting Egypt’s shift toward economic and environmental sustainability, particularly following the launch of the regulated voluntary carbon market. We view these developments as vital steps toward a greener, more resilient economy for our clients.

By expanding our footprint and services, United Accountants reaffirms its dedication to attracting local and global investment to the Egyptian market, ensuring stability and professional excellence at every step.

As part of our commitment to delivering world-class professional services that address the evolving global landscape, United Accountants – Member of Nexia International – is proud to announce a strategic collaboration with DCarbon, a leading consulting firm specialized in sustainability and climate change.

At United Accountants, we recognize that sustainability, climate risks, and ESG (Environmental, Social, and Governance) factors have become critical pillars of modern corporate reporting and risk management. This partnership is a proactive step to empower our clients to navigate rising regulatory requirements and investor expectations with precision and confidence.

A Synergy of Expertise This collaboration brings together our deep-rooted expertise in accounting standards, carbon auditing, and the financial valuation of climate risks, with DCarbon’s advanced technical capabilities in carbon footprinting and climate-related data.

Through this partnership, we enable organizations to:

• Ensure Compliance with Global Standards: Seamlessly adopt and report under IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures).
• Climate Stress Testing & Risk Management: Support banks and financial institutions in assessing climate risk scenarios affecting capital adequacy and credit quality in line with prudential and Basel expectations.
• Accurate Carbon Accounting: Quantify and report Greenhouse Gas (GHG) emissions across Scopes 1, 2, and 3 with high accuracy.
• Financial Impact Analysis: Translate sustainability and climate risks into clear financial implications to support better decision-making and scenario analysis.
• Develop Data-Driven ESG Strategies: Craft credible decarbonization paths and ESG strategies backed by rigorous financial and environmental data.

By leading this initiative, United Accountants reaffirms its position as a forward-thinking firm dedicated to bridging the gap between traditional financial reporting and the future of sustainable business. We are excited to work alongside DCarbon to provide our clients with the tools they need to thrive in a green economy.