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FINANCIAL NEWS
Oman’s private wealth to reach USD0.4tr in 2020
29 Jun 2016
(MENAFN) Private wealth in Oman is predicted to increase from USD0.3tr to USD0.4tr, which will be driven basically by equities at 5.8 percent.
Additionally, the growth of private wealth in the Sultanate will be also followed by cash and deposits at 4.1 percent and bonds at 2.2 percent.
Accordingly, regional asset managers will provide a standard product program with limited differentiation, and they use technology to offer extra communication channels.
In the coming five years, wealth in the Middle East and Africa will reach USD11.8tr and Saudi Arabia, the UAE, and Kuwait’s contribution will account for 22.7 percent.
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