Spotlight | Saudi Arabia
PwC struggles in Saudi defence after blacklisting by PIF wealth fund

Saudi Crown Prince Mohammed bin Salman speaks during a meeting to launch Public Investment Fund strategy 2021-2025, in Riyadh, Saudi Arabia, 24 January 2021
Saudi Crown Prince Mohammed bin Salman speaks during a meeting to launch Public Investment Fund strategy 2021-2025, in Riyadh, Saudi Arabia, 24 January 2021 © Saudi Press Agency/Handout via Reuters
The Saudi defence business of PwC, which has been excluded from consulting contracts with the kingdom's sovereign wealth fund till next February, has come to a standstill. Investigations are ongoing into at least one of the British firm's contracts with the fund. PwC says there is no ban. [...]
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