By ARAB NEWS
Published: Nov 10, 2011 23:02 Updated: Nov 10, 2011 23:02
JEDDAH: Saudi Arabia hosts the largest market of ultra-high net worth individuals (UHNW) in the Middle East, representing 1,225 people holding a collective wealth of $227 billion, according to a global wealth intelligence report released Thursday.
Saudi Arabia ranks first among Middle East countries in World Ultra Wealth Report 2011, housing some 27 percent of the region’s super-rich segment.
The report from Wealth-X, the global intelligence, prospecting and wealth diligence company, offers an analysis of individuals with a net worth of at least $30 million.
It also forecast that the Kingdom’s sophisticated financial sector would lead to more wealth creation opportunities.
Categories: Asia, Saudi Arabia