Saudi, UAE drive GCC assets under management growth to $2.2trln

August 14, 2025--Two countries are among major contributors to growth in mutual funds sector-BCG
The value of assets under management (AUM) across the Gulf Cooperation Council (GCC) region expanded by 9% to $2.2 trillion in 2024, according to Boston Consulting Group (BCG).

The growth highlights that the region is becoming a global financial hub and that asset managers in the Gulf are poised to compete with big global players in the future, the consultancy firm said on Wednesday.

Saudi Arabia and the UAE have been cited for driving the expansion of the retail mutual funds sector.