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  • 04-06-20

    Women make up 13 percent of wealth segment in Middle East

    (MENAFN)



    A report released by Boston Consulting Group (BCG) showed that Women make up a total of 13 percent of the wealth segment in the middle east, as strong expansion is predicted in the region in the future.

    The wealth of women in the middle east stood at a total of USD786 billion, and its expected to increase 9 percent in 3 years in 2023, according to the report called "Managing the Next Decade of Women's Wealth".

    Wealth of women came in at a total of USD103 billion in the United Arab Emirates while it stood at USD224 billion in Saudi Arabic, as it is predicted to expand 8.3 percent and 5.1 percent respectively in 2023.

    The Middle East is predicted to see an expansion by a Compound Annual Growth Rate (CAGR) of 9 percent in 2023, mostly due to the political and economic stability and developments made in the educational access for women.

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