Experts at the recent Middle East and North Africa (Mena) Investment Management Forum in Doha said there is indeed a "wall of money" in the region, however, individuals with investible cash are either looking for opportunities elsewhere or reluctant to place their wealth with investment managers.
"It's an emerging industry here. The retail market is very underdeveloped," said George Pickering, managing director for policy, enforcement and risk division of the Qatar Financial Centre Regulatory Authority.
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