GCC millionaires = millionaires of India and China combined
Do you have a product to sell to millionaires? Middle East is the place to sell it.
According to the McKinsey Quarterly “the total liquid assets of high-net-worth individuals (those with more than $1 million in financial assets) have been estimated at more than $780 billion – almost equal to that segment’s assets in China and India combined.”
And while you are not here in the Middle East selling your million-dollar products, millionaires will be spending their money, buying, em, … car number plates for $7 million dollars!
May 21, 2007 |
Filed under Investment in Middle East
Previous Post: Davos – The Middle East Version
Next Post: GE division bought a Saudi firm – No! The other way round!