Europe Accounted for 9% of the Foreign Assets of Saudi Arabian HNWIs In 2014

Date: 2015-08-24

“• In 2014, Saudi Arabian HNWIs held 30.4% (US$95 billion) of their wealth outside of their home country; the worldwide average is 20–30%. 

• WealthInsight further expects foreign asset holdings to increase to US$129 billion by 2019, accounting for 32% of the country’s total HNWI assets.

• In 2014, Europe accounted for 9% of the foreign assets of Saudi Arabian HNWIs. It was followed by Asia-Pacific with 8.1%, rest of the Middle East with 5.8%, Latin America with 1.4% and Africa with 3.3%.

• Saudi Arabian HNWI allocations to Europe decreased sharply compared with other regions during the review period, from 11.2% in 2010 to 9.0% in 2014. 

• Over the forecast period, WealthInsight expects HNWIs to further reduce their level of investment in Europe to 8.5% of foreign HNWI assets by 2019, with investments decreasing due to growing confidence in Asian and other emerging economies.”

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