RIYADH: Compared to the 300 millionaires who are expected to have moved to the Kingdom in 2024, Saudi Arabia is expected to draw 2,400 high-net-worth people in 2025. According to the Henley Private Wealth Migration Report 2025, which was released by Henley & Partners in association with New World Wealth, Saudi Arabia has risen eight times faster than any other country.
With a prediction of 9,800 millionaires this year—the largest net influx globally—the United Arab Emirates remains the leader in the Gulf, followed by the United States with 7,500. Due to the Kingdom’s pro-business policies, expanding investment prospects, and ambitious Vision 2030 goals, HNWIs are relocating there. The increase in incoming income is a reflection of the region’s increasing allure for foreign investors as well as returning citizens, especially in Riyadh and Jeddah.
In addition, Saudi Arabia has implemented tax breaks, enticing residency programs, and an effort to diversify its economy away from oil.”It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere,” said Juerg Steffen, CEO of Henley & Partners, who called 2025 a “pivotal moment” for global wealth migration.
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