PricewaterhouseCoopers (PwC) staff are now allowed to pitch for work with Saudi Arabia’s Public Investment Fund (PIF) after a ban was lifted. The ban, in place since last year, excluded new advisory contracts with the fund. PwC generated £1.97bn in revenue from the Middle East in the past year, focusing on localisation efforts in Saudi Arabia.

The ban’s removal allows PwC to pursue new advisory contracts with the PIF and its subsidiaries. Other consulting firms like McKinsey & Co. and Boston Consulting Group have been active in the region due to Saudi Arabia’s expansion program. PwC also appointed Laura Hinton as senior partner for the region.

Teneo has signed an agreement to acquire PwC New Zealand’s Business Restructuring Services unit, expanding its Financial Advisory business in the Asia-Pacific region. PwC has invested significantly in Saudi Arabia, opening a large office in Riyadh, with plans for further growth in the region.

Read more at Yahoo Finance: PwC to resume pitches to Saudi PIF after advisory ban lifted