Carrying out executive hiring to Top10 audit firms’ managers.
Gradually increase the number of staff.
Introduce new business lines.
Carrying out executive hiring to Top10 audit firms’ managers.
HCPA is open to explore the opportunities to grow through merger with other firms as well as through accepting new partners
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TOTAL MARKET TURNOVER FOR CONSULTING &AUDIT FIRM
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Audit Services
The audit market in Egypt is competitive, with both local and international firms operating. Given the size of the economy and the number of businesses, the audit market could be estimated at around $200 million annually.
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Tax Services
Tax advisory services are also significant, especially with the complexities of local and international tax laws. This segment might account for approximately $100 million annually.
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Consulting Services
Consulting, including management consulting, IT consulting, and financial advisory, is a growing sector. This market could be estimated at around $300 million annually.
So, the approximate total market turnover for consulting and audit firms in Egypt could be around $600 million annually, divided as follows:
Audit Services: $200 million.
Tax Services: $100 million.
Consulting Services: $300 million.
Growth Rate: Expected to grow at 5-7% annually.