Oman’s Economic Growth, Financial Wealth Projected to Reach $141 Billion by 2027
Oman’s financial wealth is poised for robust growth, with a projected CAGR of 4.7%, reaching $141 billion by 2027, according to a report by Boston Consulting Group. This growth signifies Oman’s economic resilience and strength. Ultra high-net-worth individuals play a significant role in contributing to the nation’s wealth, with their share expected to rise. Real assets in Oman, though experiencing a recent decline, are anticipated to rebound, while liabilities are set to grow, reflecting Oman’s calculated risk-taking. Wealth managers are advised to embrace technology and strategic cost management for sustainable profitability.
Financial Wealth in UAE to Reach $1.3 Trillion by 2027
The UAE’s financial wealth is expected to increase to $1.3 trillion in five years from the present $1 trillion in five years, experiencing a Compound Annual Growth Rate (CAGR) of 5.5% between 2002 and 2027, strategic management firm Boston Consulting Group (BCG) said on Tuesday.
