Investable wealth in Bahrain to Reach $54 billion by 2022

2018-07-26 - 5:26 p

Bahrain Mirror: Investable wealth in Bahrain is expected to grow at a compound annual growth rate (CAGR) of 4 per cent by 2022, said a new report by The Boston Consulting Group (BCG).

Personal wealth in Bahrain has grown at 7 per cent between 2016 and 2017, driven primarily by the positive development of offshore assets.

Personal wealth in Bahrain is projected to grow at a compound annual growth rate (CAGR) of 4 per cent and expected to reach $54 billion in investable assets by 2022.

"Taking an in-depth look at wealth distribution, Bahrain non-investable assets are not expected to experience any growth at all in the next five years, while investable wealth growth is projected to slow down from a CAGR 7 per cent between 2012 and 2017 to a CAGR of 4 per cent in the period 2017 to 2022," explained Markus Massi, senior partner & managing director of BCG Middle East's Financial Services practice.

He added "When it comes to asset allocation, offshore assets, at 59 per cent, were the highest proportion of assets in Bahrain in 2017, followed by currency and deposits at 33 per cent, equities and investment funds at 6 per cent, and life insurance and pensions at 1 per cent, and bonds at 1 per cent. By 2022, asset allocation will have remained constant with only slight growth of 2 per cent to 35 per cent expected for currency and deposits."

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