UAE to Receive $500 Billion in Investments from Ultra-Wealthy by 2026

A recent study has foreseen that super wealthy investors in the UAE will contribute a substantial $500 billion to the local economy within the next three years.

According to a report jointly issued by KPMG and recruitment consultant Agreus, this level of investment reflects a 46% upsurge in financial wealth and a compounded annual growth rate of 6.7%.

The report underscores the burgeoning role of the UAE's family office sector as a pivotal element in this trend.

Notably, 75% of CEOs of UAE enterprises are family members, marking the highest percentage globally.

The report further highlights the evolving focus of family offices in the region, shifting from pure investment to emphasizing operational aspects and corporate governance as means to safeguard their wealth.

As an example, nearly half of them have established a succession plan.

The report also attributes this transformation to regulatory advancements and various government initiatives aimed at positioning the UAE as a central hub for family offices in the region.

Nik Pratt / Funds Global MENA