Ernst & Young will move its energy headquarters from Houston to Bahrain
Ernst & Young will be moving its world energy headquarters from Houston, Texas to Bahrain, and is looking to hire more people across the region, the company’s chief executive told the Arabian Business news website.
“We’ve realized that when you look at the importance of the Gulf region to the world energy business, we wanted a headquarter right here in the region,” James Turley, Chairman and Chief Executive, said.
“It’s going to be in Bahrain. We thought that would be a central post, convenient also to get to Saudi.”
Bahrain has been pitching itself to international companies as a business friendly, low cost destination from which to base regional operations.
Inflation in the relatively energy-poor kingdom never reached the soaring heights of some of its neighbouring economies during the latest oil boom, and local participation in the workforce is higher than in most other Gulf states.