Dubai – Mubasher: The UAE and Saudi Arabia are expected to see no new tycoons in the coming few years.
While the number of Emirati billionaires reached 7 in 2018, the number will not be changed until 2023, which may be a disappointing tiding to multimillionaires citizens with high financial aspirations.
The Situation in Saudi Arabia will not be better, as the number of billionaires in the GCC major oil sheikhdom is forecast to stabilise at 10 in the coming few years, according to the Knight Frank Wealth Report 2019.
As per the report, the number of the UAE millionaires may grow 14% to 61,292 in 2023.
Furthermore, Saudi millionaires are expected to go up 14% to 58,510 in the said year
