Saudi Arabia's asset management sector is thriving, with Assets Under Management (AUM) surpassing SAR 1 trillion in 2024, reflecting a 20% growth year-on-year. This growth is largely fueled by the Kingdom's Vision 2030 strategy, aiming to diversify the economy away from oil reliance. The competitive landscape is evolving with both domestic and international asset managers, such as BlackRock, entering the market. Additionally, the public investment fund plays a pivotal role in capital allocation, while evolving investment trends focus on alternative assets and ESG factors gaining traction among investors.
"Saudi Arabia's asset management industry is rapidly growing, driven by Vision 2030 and increasing international participation, marking its significance in the GCC region."
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