IslamicFinance.de

The average length of expatriates stay in GCC countries, counting in all major expatriate groups such as Western, Arab and Indians, exceeds 10 years and this group forms a major target market for asset managers, according to Invesco’s sixth annual Middle East Asset Management Study. The Invesco survey of asset managers showed that contrary to popular belief, the average stay of various expatriate groups in GCC countries are longer, with non-resident Indians (NRIs) exceeding 15 years. In summary, there was a strong consensus that the number of GCC-based retirees would increase from all expatriate segments if GCC governments changed the immigration rules and encouraged retirees.