Size of GCC asset management market to double by 2020 - The National:
"Assets under management are forecast to more than double in 2020 from 2016 levels in the Arabian Gulf region as Sharia-compliant investments continue to rise and an expanding middle class presents more growth opportunities. The total assets managed by fund managers in the GCC, a region which accounts for about a third of the world’s proven oil reserves, are expected to rise to US$110.9 billion in 2020 from $45.8bn in 2016, according to a report released by Dubai International Financial Centre (DIFC) yesterday. The report, Mapping Opportunities in the Middle East, Africa, and South Asia region (Menasa) region, complied in partnership with Thomson Reuters, explores investment opportunities in the broader Menasa region and provides a five-year projection for wealth management in key countries."
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