KPMG has appointed Ravi Suri as the head of its expanding infrastructure advisory practice in the lower gulf region (UAE and Oman) as well as the acting global head of infrastructure finance.
His appointment is in line with KPMG’s ambition to support a wide range of clients who are looking at public-private partnership (PPP) investments as a means to fuel major infrastructure projects in the Middle East.
Leading this important growth area within KPMG, Suri will be coordinating the firm’s PPP offerings for clients, including government institutions and private sector organizations. PPPs are being increasingly endorsed by several regional governments, further underscored by the introduction of PPP laws in a number of jurisdictions.
Under Suri’s leadership, KPMG’s deal advisory and management consulting teams will work together to ensure that clients in the infrastructure arena are informed and adequately guided in relation to the market opportunities and issues surrounding PPPs.
Suri joins KPMG from Standard Chartered after 14 years working on project and export-finance deals across the globe. He has also previously worked with GE Capital and ABN AMRO and has experience in the power, renewables, transportation, infrastructure and oil and gas sectors.
Vijay Malhotra, CEO of KPMG in the Lower Gulf, said: “With the adoption of Artificial Intelligence, the Internet of Things, Big Data, 3D printing and blockchain in infrastructure being inevitable, the impact of technology in this field will be significant and may result in a number of disruptions.
“Risk mitigation for both debt and equity will no longer be the same as it has been over the last two decades, and newer methods will need to be developed.
“Suri and his team are working on advanced solutions to help mitigate this risk, to add value to our clients and help them in their infrastructure projects,” he added.