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.
Because of the Kingdom’s pro-business policies, expanding investment prospects, and ambitious Vision 2030 goal, HNWIs are moving 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.
2025 is a “pivotal moment” for global wealth migration, according to Juerg Steffen, CEO of Henley & Partners. He said, “It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere.” International attention is being attracted by large-scale initiatives like NEOM, enhanced infrastructure, and an emphasis on fintech and tourism. The Kingdom is becoming a more alluring site for international money due to its strategic location, political stability, and regional importance.
The analysis from Henley & Partners is in line with a previous survey conducted by the consulting company Capgemini, which emphasised the Middle East’s increasing allure for next-generation high-net-worth people. The study cited economic stability and geopolitical security as the main factors influencing investment interest in the area.
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