Ultra-wealthy to invest $500bn in UAE by 2026

A recent study has predicted that ultra-wealthy investors in the UAE will boost the local economy by US$500 billion in the next three years.

A report published by KPMG and recruitment consultant Agreus states that this level of investment accounts for a 46% growth in financial wealth and a compounded annual growth rate of 6.7%.

A key factor in the trend is the development of the UAE’s family office sector, claims the report. As many as 75% of CEOs of UAE businesses are family members, the highest globally.

The report states that family offices in the region are now focusing on operations and corporate governance and not simply investment as a way to protect their wealth. For example, nearly half have a succession plan in place.

The report also credits regulatory developments and a number of government initiatives designed to promote the UAE as a family office hub for the region.

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