INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Strong economy, HNWIs help GCC luxury market thrive

  • GCC economies witness significant growth driven by robust oil production and exports
  • Increased affluence in the region fuels a continuous rise in luxury product spending

DUBAI, UAE — Driven by robust oil production and exports, the GCC economies have achieved significant growth, leading to increased affluence. This has fueled a continuous rise in luxury product spending.

Additionally, the region’s population has experienced substantial growth, particularly among the younger demographic.

TRENDS looks at how the rising number of high net worth individuals (HNWIs) in various sectors is driving demand for luxury goods and services in the region.

Click here to read full report