Oxana Raim’s Post

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Managing Director ICLUB, Dealflow & TAVentures VP in Emerging Markets

59% HNWI wealth in MENA is…cash🤯 no wonder, because private banks often overlook clients below $5M. This represents a huge underserved market and a great business opportunity.

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Top 100 Women in VC in the CEE Region (2023) | ICLUB Managing Director, Operations | Startup Mentor

💡Some interesting insights on the MENA region: ➡️ The UAE has been ranked the most attractive emerging market in the Middle East and North Africa (MENA) for investors, securing the third spot globally in a new index. ➡️ The UAE has become a preferred base for many High Net Worth Individuals (HNWIs), with the highest net inflow of wealthy individuals globally in 2022. ➡️ The growth of businesses and HNWIs in Dubai has led to a significant expansion of the financial sector, contributing approximately 10% to Dubai's GDP in 2022, according to the Dubai Statistics Centre. ➡️ The UAE is poised to experience the fastest Compound Annual Growth Rate (CAGR) in the wealth management market. The MENA Wealth Management Market is projected to increase from USD 1.25 trillion in 2024 to USD 1.78 trillion by 2029, with a CAGR of 7.49% during 2024-2029. ➡️ The adoption of digital technologies, including robo-advisory services and online trading platforms, is fueling the growth of the wealth management market in the UAE, providing clients with innovative and convenient investment solutions. ➡️ There is a rising demand for sophisticated financial services among high-net-worth individuals. If you are keen to learn more about the region and the financial sector there, feel free to reach out. A new and exciting opportunity has emerged for the ICLUB Global network.

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