Nexia takes on Sabr Consulting as new member firm in Tajikistan

Global accounting network Nexia International has added a new member firm in Tajikistan – continuing an expanding worldwide footprint

Accounting and consulting network Nexia International, the world’s ninth largest network of its kind, has continued to expand its global footprint with the admittance of a new member firm in the Central Asian state of Tajikistan; Sabr Consulting LLC. Now with more than 250 network members spread across 700-plus offices worldwide, the news follows other fresh Nexia additions in Puerto Rico and Switzerland last month.

While featuring the smallest regional economy, Tajikistan’s GDP has grown rapidly since achieving internal stability following its civil strife in the 90s – from $0.86 billion in 2000 to $7.11 billion in 2017 – and it’s expected that the mountainous former Soviet republic will benefit from increasing regional foreign direct investment, pegged at a potential $170 billion over the next ten years in a recent report from management firm Boston Consulting Group.

Based in the capital Dushanbe, with a presence in four other locations, Sabr Consulting’s eight-strong staff deliver audit, tax and advisory services to the government and a host of other industries, including the telecom, legal, retail, real estate, healthcare, banking, insurance and financial services sectors. The practice is led Managing Partner Rustam Mukhtarov, one of the firm’s three partners in total.

“Joining a business-focused network like Nexia gives us the opportunity to share knowledge and work with its many members across the globe. This will help us achieve better penetration of the international market and gain a competitive advantage,” said Mukhtarov, an MBA graduate from Berlin’s Steinbeis-Hochschule University who prior to joining Sabr served as the CEO of Tajikistan’s leading credit bureau. 

“The broad range of expertise and market knowledge Sabr Consulting LLC. offers in Tajikistan is now available to all our members and we look forward to working with them,” commented Nexia International CEO Kevin Arnold on its latest addition. Nexia has in the past few years seen significant growth under Arnold’s stewardship, particularly driven by new firms recruited in China, Tajikistan’s neighbor to the east.

Last year, the network broke the $4 billion fee barrier for the first time, with overall growth of 11 percent, while for its 2017 financial year it recorded 13 percent growth – including a massive 62 percent hike in the Asia Pacific – to jump into the ninth spot for international accounting networks. Since then, Nexia has in addition to Tajikistan and Kosovo added new members in Belarus, Bulgaria, Mali, Uganda, Zambia and Zimbabwe among others.

“It is very pleasing to record another year of double digit growth and our long-term strategy of recruiting and retaining high quality firms in established and emerging world markets is clearly working,” said Arnold on the back of last year’s results. “This impressive increase in fee income is fantastic news and shows that Nexia’s presence around the world continues to grow providing even more opportunities for our members.”