“The number of ultra-high-net-worth individuals in the Middle East is projected to increase 24.6 per cent in the next five years, according to a new report by global property consultancy Knight Frank. The region will remain the fourth-largest wealth hub in the world.”
-Deepthi Nair reports for The National on Knight Frank’s recent report. Ultra-high-net-worth individuals (UHNWIs) have a net wealth of $30 million or more. During the pandemic the number of Saudi UHNWIs increased by 9.6%. The kingdom’s UHNWI population has grown by 227 per cent over the past five years, according to Knight Frank. [The National]
