INTRODUCTION
What is this report about?
Who is the target reader?
How to use this report
Note to readers
CHAPTER 1 MIDDLE EASTERN MASS AFFLUENTS AND HIGH NET WORTHS
Saudi Arabia has more wealthy individuals than any other GCC nation
In Saudi Arabia more liquid wealth is held in the EUR3m+ band than any other
There are far more mass affluent than high net worth individuals in the UAE
More liquid wealth is held by high net worth individuals than by mass affluents in the UAE
There has been slow growth in the number of wealthy Bahrainis
Wealthy Bahrainis held EUR2.4bn in liquid wealth in total in 2004
Data tables
CHAPTER 2 CLIENT FOCUS
Expats into GCC countries
Offshore wealth from GCC countries
Client service
CHAPTER 3 COMPETITIVE BACKGROUND
The Middle Eastern wealth management market is polarised around two dominant financial centers
Kuwait
Saudi Arabia
Oman
Focus on United Arab Emirates
The economic landscape
Players in the wealth management market
Focus on Bahrain
The economic landscape
Players in the wealth management market
Focus on Qatar
The economic landscape
Players in the wealth management market
CHAPTER 4 MARKET DEVELOPMENTS 2004-5
Competitive developments
Increasing presence of European wealth managers in the UAE, especially the DIFC
Bahrain becomes a focus of wealth management in the Middle East
New frontiers in Middle Eastern wealth management
Products and service trends
Wealth management targeting NRIs
Islamic banking has significant potential in the Middle East
Real estate is booming as an investment opportunity
Specialist investment opportunities in the financial centers
Data Tables
CHAPTER 5 FUTURE MARKET SIZE
Wealthy Saudi Arabians are set to increase in number significantly by 2009
The liquid wealth held by wealthy Saudi Arabians will grow in the next five years
The number of wealthy individuals in the UAE will continue to be comprised mainly of mass affluent individuals
Liquid wealth held by wealthy individuals in the UAE is forecast to rise, particularly among high net worth individuals
The number of wealthy individuals in Bahrain will rise by 8.7% between 2005 and 2009
There will be moderate growth in the liquid wealth held by wealthy individuals in Bahrain between 2005 and 2009
Data tables
CHAPTER 6 APPENDIX
Definitions
Expatriates
Research methodology
Global Wealth Model Methodology
Further Reading
Datamonitor Global Wealth Service SPP: Reports
Datamonitor Global Wealth Service SPP: Insight Reports
Datamonitor Wealth Management Competitor Tracker
Datamonitor Asia Pacific Wealth Management SPP: Reports
Datamonitor Savings & Investments SPP: Reports & Briefs
Datamonitor Savings, Investments and Protection SPP: Interactive Models
SPP writing team
LIST OF TABLES
Table 1: Saudi Arabian wealthy individuals, 2000-2004
Table 2: Saudi Arabian aggregate liquid wealth 2000 - 2004
Table 3: UAE wealthy individuals 2000 - 2004
Table 4: UAE aggregate liquid wealth 2000 - 2004
Table 5: Bahraini wealthy individuals 2000 - 2004
Table 6: Bahraini aggregate wealth 2000 - 2004
Table 7: Market capitalization of the Dubai Financial Market
Table 8: United Arab Emirates GDP by sector 2004
Table 9: Bahraini GDP by business sector, 2003
Table 10: Market capitalization of the Bahrain Stock Exchange
Table 11: Qatari GDP by business sector, 2004
Table 12: Forecast number of wealthy individuals in Saudi Arabia, 2005 - 2009
Table 13: Forecast amount of liquid wealth held by wealthy Saudi Arabians, 2005 - 2009
Table 14: Forecast number of wealthy individuals in the UAE, 2005 - 2009
Table 15: Forecast amount of liquid wealth held by wealthy individuals in the UAE, 2005 - 2009
Table 16: Forecast number of wealthy individuals in Bahrain, 2005 - 2009
Table 17: Forecast amount of liquid wealth held by wealthy individuals in Bahrain, 2005 - 2009
LIST OF FIGURES
Figure 1: Most wealthy Saudis are in the lower wealth bands
Figure 2: The amount of liquid wealth possessed by wealthy Saudis is growing steadily
Figure 3: The number of wealthy individuals in the UAE has grown quickly in recent years
Figure 4: Liquid wealth held by the very wealthy in the UAE has increased rapidly between 2000 and 2004
Figure 5: After dipping in 2002, the number of wealthy Bahrainis has slowly grown
Figure 6: The amount of wealth held by wealthy Bahrainis is now beginning to grow
Figure 7: The Dubai Financial Market has seen market capitalization rise sharply since the resurgence of the global market
Figure 8: In 2004 financial services was a significant part of the UAE economy
Figure 9: In 2003 Bahrain’s economy was diversified with a strong finance sector
Figure 10: Market capitalization on the BSE has clearly risen in the past two years
Figure 11: The majority of Qatar’s 2004 GDP is derived from oil and gas
Figure 12: Competitive developments and product and service trends over the last year
Figure 13: The number of wealthy Saudi Arabians is forecast to rise to over 160,000 by 2009
Figure 14: The liquid wealth held by wealthy Saudi Arabians is forecast to grow between 2005 and 2009
Figure 15: The number of wealthy individuals in the UAE is forecast to rise between 2005 and 2009
Figure 16: Wealthy individuals in the UAE can expect to see their liquid wealth increase between 2005 and 2009
Figure 17: There will be a moderate rise in the number of wealthy individuals between 2005 and 2009
Figure 18: Liquid wealth held by wealthy individuals in Bahrain is forecast to rise to EUR3.5bn by 2009
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