Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Mena pension fund to hit $5 trillion by 2020  Join our daily free Newsletter

MENAFN - The Peninsula - 13/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Global assets under management (AuM) will exceed 100 trillion by 2020, with compound annual growth (CAGR) of nearly 12 percent for Middle East and Africa. Meanwhile, the pension fund in the Mena region will reach close to 5 trillion by 2020



Research from PwC predicts that global AuM will touch around 101.7 trillion by 2020, from a 2012 total of 63.9 trillion. This represents a CAGR of nearly 6 percent



The report, "Asset Management 2020: A brave new world", also finds that assets under management in the SAAAME (South America, Asia, Africa, Middle East) economies are set to grow faster than in the developed world in the years leading up to 2020, creating new pools of assets that can potentially be tapped by the asset management industry.



PwC also said that the local population of the GCC countries who work for government entities are offered great state-administered pension funds. Therefore, PwC predicts pension fund assets will grow by 8.8 percent a year to reach 5.0 trillion by 2020 from a 2012 total of 2.4 trillion. Globally, PwC predicts pension fund assets will grow by 6.6 percent a year to reach 56.5 trillion by 2020 from a total of 33.9 trillion in 2012



AuM growth in the Middle East will be mainly driven by positive economic outlook, family businesses and entrepreneurship and the population demographics



The research note said that diversifying economies, great investment opportunities and favourable regulation complemented by highlight events such as Qatar FIFA World Cup 2022 and Dubai Expo 2020 will attract the capital inflow into the region



It also said that the family businesses in the Middle East are very powerful and they control 75 percent of the private sector


 


The Peninsula




  MENA News Headlines
 Apr 18 2015 - Top Saudi cleric says Yemen operation in line with Shariah rulesThe Peninsula
(MENAFN - The Peninsula) IN their Friday sermons, imams in several mosques across the Kingdom said Saudi Arabia's decision on the military operation in Yemen was timely and historic with Imam and ...

 Apr 18 2015 - Construction of Dubai Metro extension a feat of engineeringThe Peninsula
(MENAFN - The Peninsula) It took more than 1,000 experts to turn the Dubai Metro dream into a reality and build the first driverless rail network in the Middle East.At 75 kilometres, the metro is the ...

 Apr 18 2015 - Saudi Maaden net profit at USD69.57m in Q1MENAFN
(MENAFN) Saudi Mining Co. (Maaden) has reported its first-quarter net profit more than doubled year on year, but the earnings still fell short of analysts' forecasts, Arab News reported.The Gulf's ...

 Apr 18 2015 - Rolls-Royce wins USD9.2b order for Emirates enginesMENAFN
(MENAFN) Rolls-Royce said it had won a USD9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company, Arab News ...

 Apr 18 2015 - Saudi RCJY industrial cities investments hit USD266.55bMENAFN
(MENAFN) The volume of investments injected into Jubail, Yanbu and Ras Al-Khair industrial cities reached USD266.55 billion, president of the Royal Commission for Jubail and Yanbu (RCJY) said, Arab ...

 Apr 18 2015 - Obama to host Gulf leaders on May 13-14The Peninsula
(MENAFN - The Peninsula) US President Barack Obama will welcome the six leaders of the Gulf Cooperation Council states in mid-May for talks on Iran's nuclear programme and the conflicts in Yemen, ...

 Apr 18 2015 - Qatar- Bangladeshis mark Mujibnagar DayThe Peninsula
(MENAFN - The Peninsula) The Embassy of Bangladesh in Qatar and the Bangladeshi community observed Mujibnagar Day today with solemnity. Mujibnagar Day is observed every year in Bangladesh and the ...

 Apr 18 2015 - Syrian doctors ask Russia to help unblock medical aidThe Peninsula
(MENAFN - The Peninsula) Two Syrian doctors urged Russian diplomats at the United Nations on Friday to put pressure on President Bashar al-Assad to allow life-saving medical supplies into a besieged ...

 Apr 18 2015 - Qatar highlights water security challenges at World Water ForumThe Peninsula
(MENAFN - The Peninsula) H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, led Qatar's delegation at the Seventh World Water Forum, along with Eng. Essa bin Hilal Al Kuwari, ...

 Apr 18 2015 - Qatar- Gasna competition winners namedThe Peninsula
(MENAFN - The Peninsula) Winners of the Qatar University (QU) Sixth Gasna Competition were announced at a closing ceremony recently.The competition, which is an initiative organised annually by the ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help