Riyadh: Saudi Arabia’s financial wealth is expected to increase by 4.2% annually over the next five years.
According to Arab media, the Boston Consultancy Group (BCG) has predicted in its report that the country’s financial wealth will reach 2 1.2 trillion in 2025.
According to the report, Saudi Arabia’s wealth increased by 4.1% annually from 2015 to Ù¹1 trillion in 2020, of which 84% is worth investing. Saudi Arabia’s trade relations with the Gulf remained strong last year. The state accounted for 45% of the 2.2 trillion of financial wealth.
The commercial wealth of the Gulf countries is projected to reach 7.2 trillion by 2025. The report said that bringing in the next generation of wealthy and high-net-worth clients would have an impact on the business landscape.
Saudi Arabia and the United Arab Emirates: big predictions come out
Mustafa Bosca, managing director and partner at Boston Consultancy Group, said Saudi Arabia’s wealth growth has been strong, moving away from the challenges posed by the global epidemic in Corona.
He recognized that Saudi Vision 2030 has proven effective in attracting locals to the investment sector.