• Between 2023 and 2024, Qatar’s financial wealth grew by 4.1%, rising from $408 billion to $424 billion.
  • Real assets declined by 6%, reaching $394 billion.
  • Liabilities rose by 1.8%, from $52 billion in 2023 to $53 billion in 2024.
  • BCG projects investable wealth to rise from $324 billion in 2024 to $409 billion by 2029, growing at a CAGR of 4.8%.
  • Most firms today rely on market performance, M&A, and advisor recruitment to capture revenue; however, they must have the ability to innovate and build internal capabilities to outperform peers.

Doha– Qatar’s financial wealth grew by 4.1% between 2023 to 2024, rising from $408 billion to $424 billion. Real assets declined by 6% in 2024, reaching $394 billion, with projected growth to $434 billion by 2029. Liabilities rose by 1.8%, from $52 billion to $53 billion.

The Global Wealth Report 2025: Rethinking the Rules for Growth by Boston Consulting Group reveals that investable wealth is projected to grow from $324 billion in 2024 to $409 billion by 2029, with a strong 4.8% CAGR growth. Non-investable wealth grows more modestly at 3.0% CAGR, but maintains steady momentum throughout the projection period.

Wealth continues to grow steadily but the dynamics behind that growth are shifting—and the implications for firms are profound. Most firms have leaned heavily on market performance, M&A, and advisor hiring. While these levers remain important, they're not enough. The limiting factor for many firms isn't opportunity, but their ability to capture it from within.

The firms gaining traction are investing in the capabilities that matter most: a clearer market presence, more deliberate client acquisition, better-equipped advisors, and earlier, more relevant engagement with rising generations. Technology plays a central role in scaling these capabilities.

Lukasz Rey, Managing Director and Partner, said: "Qatar's wealth management sector demonstrates remarkable resilience and sophistication. The key to success today is no longer merely about gaining market exposure or hiring senior bankers; it's about fostering internal growth. Companies that strategically prioritize advisor development, strengthen their brand identity, and embrace next-generation client strategies are outpacing their competitors—not only in revenue generation but also in achieving higher valuation multiples."

The key Qatar findings of BCG’s new proprietary analysis are:

  • Financial wealth reaches $424 billion in 2024, with strong projected growth to $525 billion by 2029 (4.4% CAGR)
  • Real assets declined to $394 billion in 2024, with expected recovery to $434 billion by 2029 (CAGR: 2.0%).
  • Liabilities increased slightly from $52 billion in 2023 to $53 billion in 2024, projected to reach $65 billion by 2029 (CAGR: 4.3%)
  • Equities & Currency & Deposits are the dominant asset classes in 2024, valued at $116 billion and $103 billion respectively. They are projected to grow to $135 billion and $123 billion by 2029, with CAGRs of 3.1% and 3.6%.
  • Bonds, though smaller at $7 billion in 2024, are the fastest-growing asset class, expected to reach $11 billion by 2029, with a CAGR of 9.6%.
  • Life Insurance & Pensions are valued at $28 billion in 2024 and projected to grow to $31 billion by 2029 (CAGR: 2.4%).
  • Other assets (e.g., alternative investments) are substantial at $170 billion in 2024, with a projected increase to $225 billion by 2029, reflecting diversified portfolios (CAGR: 5.7%).

Strategic Imperatives

According to the report, organic growth is moving to the center of the performance agenda. The report identifies four high-impact levers for firms looking to elevate their organic growth engines:

  • Brand Differentiation: Building trust and relevance through clear identity and messaging while strengthening digital marketing
  • GenAI-Driven Client Acquisition: Using agentic AI to identify high-potential prospects, build comprehensive profiles, and enable highly personal outreaches
  • Data-Driven Recommendation Systems: By integrating data across all business lines, wealth managers can build a comprehensive view full of signals about what a client might need next.
  • Next-Gen Client Engagement: Personalizing the client journey for younger investors with digital-native expectations

"Qatar's wealth landscape is evolving beyond traditional paradigms. What we're seeing is a sophisticated market where investors are increasingly allocating capital across diverse asset classes, with alternative investments commanding a significant 40% share of financial wealth. This diversification, combined with the country's strategic position as a global financial hub, creates unique opportunities for wealth managers who can adapt their service models to meet the nuanced needs of Qatar's discerning investor base. The firms that will thrive are those that blend local market expertise with global investment capabilities and cutting-edge technology platforms," added Nabil Saadallah, Managing Director and Partner at BCG.

About Boston Consulting Group

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders, empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.