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Saudi Arabia & UAE Control 74 percent of GCC’s Private Wealth
Distribution market: Saudi Arabia

Strategy&’s partner Daniel Diemers and senior associate Jihad Khalil write that the study estimates that at present, there are between 1.5 million and 1.6 million wealthy households in the GCC with total investable assets of around $2.2 trillion. Most of the region’s private wealth resides in Saudi Arabia (44 percent), but the UAE has made notable gains with its share of GCC’s private wealth increasing from 24 percent to 30 percent from 2009 to 2013. Together, Saudi Arabia and the UAE control 74 percent of the region’s private wealth, up from 71 percent in 2009.

 

Distribution market: United Arab Emirates

According to Strategy&’s partners Fadi Majdalani and Ramy Sfeir, and senior associate Patrick Nader, women should be encouraged to contribute much more to family businesses, new research asserts. The stakes are high: family firms are GCC economic powerhouses. The story of GCC business development outside oil is mostly one of family businesses. Family-owned companies contribute as much as 80 per cent of the GCC’s non-oil GDP.

 

Distribution market: United Arab Emirates

According to Strategy&’s partner Ramy Sfeir, governments’ support of women’s employment is critical and has had a positive impact on promoting a more active role for women in their family businesses.

 

Challenges ahead for GCC MICE market
Distribution market: United Arab Emirates

Strategy&’s partner Richard Shediac writes that despite the potential of the meetings market, most emerging economies have not developed a good understanding of this part of the tourism industry, nor do they have a well-considered strategy for getting a larger share of the pie.

 

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