AI: The private wealth in the Middle East region will reach $7.2 trillion by the end of 2018, according to a report.
The report issued by Boston Consulting Group (BCG) estimates that private wealth in the region will reach $7.2 trillion by the end of 2018, approximately a 3.6 per cent share of total global wealth.
"The $7.2 trillion projected wealth needs the consultancy of wealth management companies in financial planning, investment portfolio management and other essential financial services," Hafeez Abdullah, chairman of The H Holding Enterprise said.
UAE ranks 12th globally in the proportion of millionaire households, with 3.3 per cent holding private wealth of at least $1 million, the report said.
The report issued by Boston Consulting Group (BCG) estimates that private wealth in the region will reach $7.2 trillion by the end of 2018, approximately a 3.6 per cent share of total global wealth.
"The $7.2 trillion projected wealth needs the consultancy of wealth management companies in financial planning, investment portfolio management and other essential financial services," Hafeez Abdullah, chairman of The H Holding Enterprise said.
UAE ranks 12th globally in the proportion of millionaire households, with 3.3 per cent holding private wealth of at least $1 million, the report said.
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