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"Women in the Middle East Control Around $0.7 Trillion of the Region's Total Assets"
Posted November 8, 2010 by Sophia Aziz
A recent study conducted by the World Economic Forum (WEF) entitled the Gender Gap Report 2010, highlights that while the GCC and Arab region may rank low in terms of gender equality, the women in those societies remain major controllers of wealth. The Boston Consultancy Group (BCG) estimates that Arab women hold approximately $0.7 trillion of the region’s wealth in total assets - 22% of the total assets under management in the region. These women are looking to achieve financial sophistication through new means of investing their money and are more likely than their male counterparts to aim for long-term goals. Recognizing the difference needs of this clientele, from November 28th – December 1st, industry-leading experts will convene at the Financial Services for Women Middle East Summit in Dubai. Here, participants will discuss growth projections for women and wealth, as well as possibilities in diversified investment and wealth management.
