A seminar organized by the Dubai International Financial Center (DIFC) on Wednesday on the emerging opportunities for the regional funds industry presented an exciting outlook for the sector over the next few years. Nasser Al-Shaali, CEO of the DIFC Authority said: “The asset and funds management industry is still young but due to the vast wealth concentration in the region, we can expect the GCC to become an international centre for asset management in the next decade. Managed funds, and in particular Shariah-compliant funds, are attracting a wave of new, more sophisticated investors.” “As international interest in the MENA region continues to grow, Dubai's aspirations of becoming a centre for global trade is fast becoming a reality. Regional wealth is being reinvested in the Middle East. __
