Assets under management (AUM) across the GCC grew 9% in 2024 to $2.2tr, according to Boston Consulting Group.
Saudi Arabia and the UAE have emerged as primary forces behind the growth of the retail mutual funds sector, while Kuwait and Abu Dhabi continue to dominate in sovereign wealth fund management.
The report noted that this momentum reflects both strategic economic diversification and the region’s growing appeal to international investors, positioning GCC asset managers to compete with leading global players.
Gulf Economist Staff Writer