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Financial Services, Banking Article, gulf financial sector
Article at a glance:

Capturing opportunities in the Gulf's financial sector

  • Multinational financial institutions have been active in the Gulf Cooperation Council (GCC) states since before the 1950s, but few such institutions have identified the region as a growth opportunity.
  • The GCC’s population is only 35 million, and its share of global banking assets is less than 1 percent. Until recently, its economic prospects paled by comparison with those of emerging markets such as China and India.
  • But now the GCC’s oil boom is driving liquidity into the region and producing sizable investment opportunities. Foreign firms must rely on scale and experience to exploit them.
This article contains the following exhibits:
  • Exhibit 1: Revenue opportunities are equally distributed.
  • Exhibit 2: Lending growth, especially in retail, has driven banking growth in Saudi Arabia.
  • Exhibit 3: Managed assets have shown strong growth in the past year.
About the artwork:

The Ship, 2000
Ahmed Moustafa

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