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FinancialNews
04-08-21
Saudi Arabia’s financial wealth increases 4.1 percent on annual basis from 2015
(MENAFN)A study by Boston Consultancy Group (BCG) showed that Saudi Arabia’s financial wealth estimated to increase by 4.2 percent yearly over the coming five years, standing at USD1.2 trillion in 2025 as the Kingdom witnesses more young people take over ventures.
According to the report, the Kingdom’s wealth increased by 4.1 percent on a yearly basis from 2015 to amount at USD1 trillion in last year, 84 percent of which is investable wealth saying that the Kingdom’s pliability in the face of the extended pandemic.
BCG further declared that Saudi Arabia showed 45 percent of the Gulf Cooperation Council’s (GCC) USD2.2 trillion in last year of financial wealth that is estimated to amount at USD2.7 trillion in 2025.
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