The report covers MENA Wealth Management Market Growth and it is Segmented by Client Type (HNWI, Retail/ Individuals, Mass Affluent, and others), by Provider (Private Bankers, Fintech Advisors, Family Offices, and others), and by Country (Saudi Arabia, Algeria, Egypt, United Arab Emirates, and Others). The market Size and forecasts are provided in terms of value (USD million) for all the above segments.

Chinese sovereign wealth funds (SWFs) managed assets reaching more than *** trillion U.S. dollars as of December 2024, The United Arab Emirates (Abu Dhabi) - the country with the ******-highest assets under management of SWFs - reached almost *** trillion U.S. dollars SWFs.

The UAE's HNW investors – which is dominated by professional and earning males – have a relatively high demand for wealth management services, confirming that competition in the UAE is fiercer. To stand out from the crowd, providers should differentiate themselves through their products and services and grow their expertise in specific areas of the wealth management space. The Emirati HNW investors have mainly sourced their wealth from earned income while entrepreneurial income forms a smaller yet growing source. While the largest chunk of HNW wealth is held via advisory mandates, demand for robo-advice is forecast to rise. Read More

This statistic describes the value of assets under managements of the United Arab Emirates's sovereign wealth fund in 2016 and 2021. According to estimates, the assets under management of the United Arab Emirates sovereign wealth fund will be worth about **** trillion U.S. dollars by 2021.

As of 2024, central banks were the second-largest class of sovereign investors in the Gulf Cooperation Council (GCC) by Assets Under Management. Sovereign Wealth Funds (SWFs) ranked in the top position, having managed assets reaching almost ************* U.S. dollars, roughly half of which was managed by SWFs domiciled in the United Arab Emirates.

This statistic describes the value of assets under managements of the Gulf Cooperation Councils's sovereign wealth funds at the end of 2016, by country. As of the end of 2016, the assets under management of the United Arab Emirates sovereign wealth fund was worth about 1.25 trillion U.S. dollars.

In 2024, Dubai was the most attractive financial center in the Middle East and North Africa (MENA) region with a Global Financial Centres Index score of *** points. The private institute Z/Yen has constructed an index for financial center rating, in which a multitude of factors are integrated. Important areas of competitiveness are, among others, business environment, human capital, taxation, and infrastructure. Finance industry in MENA The financial technology (FinTech) industry in the MENA region has been booming recently, especially with the increased smartphone and internet penetration rates. Fintech helps businesses by allowing them to manage their financial operations efficiently using specialized software. The acceleration of fintech adoption can be attributed to the large share of the young population who were adapting to change and high rates of new technology adoption. Fintech had the highest share of startup deals in the region at ** percent in 2020 compared to other industries. The number of fintech companies in the Middle East region was forecast to reach *** firms by 2022, though this value will likely be exceeded. Fintech in the UAE The United Arab Emirates (UAE) was a leader in adopting fintech technology in the MENA region. The number of fintech startups in the UAE was *** in 2020. There were ** Islamic fintech firms in the country in the same year. The free zones ADGM and DIFC in the emirates of Abu Dhabi and Dubai respectively were proactively embracing fintech. The country’s regulatory authority boosted the blockchain sector in 2020 and 2021. Local authorities implemented regulatory laws and legalized the crypto-asset activities. The Dubai Financial Services Authority announced a crypto framework, while the Securities and Commodities Authority legitimized crypto-asset activities and introduced a crypto framework.

In 2024, Asia emerged as a leading region when it comes to state-owned investors (SOIs), with the second-highest level of assets under management (AUM) through public pension funds (PPFs). Meanwhile, the Middle East and North Africa (MENA) region had the highest number of assets managed through sovereign wealth funds (SWF), totaling nearly 5.4 trillion U.S. dollars. The Regional Breakdown of State-Owned Investor Assets The distribution of state-owned investor assets varied significantly across regions. In North America, the vast majority of state-owned assets were managed through public pension funds. The Middle East and North Africa held the largest allocation to sovereign wealth funds, reaching over five trillion U.S. dollars. Europe and Asia had a slightly more balanced approach; however, central banks accounted for the largest portion of AUM in both regions. Oceania held among the lowest levels of AUM overall; however, the region excelled in sustainability, having led the ranking in Governance, Sustainability, and Resilience (GSR) scores. Global Sovereign Investment Shifts In recent years, there has been a slight decrease in the level of annual state-owned investment deals made. In 2024, public pension funds invested just over 80 billion U.S. dollars, while sovereign wealth funds invested around 136 billion U.S. dollars compared to 2022, when a peak total investment value was observed. Yet, certain regions accounted for a significant share of global sovereign investments. Funds from the Middle East and North Africa (MENA) region occupied most of the spots among the leading sovereign investors worldwide by capital deployed in 2024. During this year, Mubadala, based in the United Arab Emirates (UAE), led the ranking, investing approximately 29 billion U.S. dollars. Moreover, the People's Bank of China stands as the largest SOI globally, managing over 3.3 trillion U.S. dollars in assets, followed by Japan's Government Pension Investment Fund with roughly 1.6 trillion U.S. dollars.