Women have become a sizable economic force in Mideast “” BCG – Saudi Gazette

  • Date: 03-Jun-2020
  • Source: Saudi Gazette
  • Sector:Economy
  • Country:Saudi Arabia
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Women have become a sizable economic force in Mideast “” BCG – Saudi Gazette

Despite the ongoing economic impacts of COVID-19, future growth is still expected to accelerate - with women's wealth projected to strongly contribute to regional wealth growth over the next several years.. In the UAE, women in leadership positions have been increasing by 2.4 percent, while women in entrepreneurial activities and labor force participation in KSA has risen by one percent and 0.5 percent, respectively.". Labor force participation, leadership positions, entrepreneurial activities, and economic empowerment all play important roles in economic advancement, which will contribute to further growth in women's wealth over the next decade.". Ensuring gender equality in wealth managementWith women's wealth in the Middle East already accounting for USD 786 billion and CAGR estimated to rise by a further 9 percent by 2023, BCG projects that the coming decade will be a monumental period for women and wealth.. Wealth managers should consider two crucial steps to ensure the potential of women is realized..