Middle East Consumer Finance Market Examined in New BRICdata Report

10 Aug 2012 • by Natalie Aster

The Saudi Arabian consumer finance market valued SAR250.0 billion in 2011, after growing at a compound annual growth rate (CAGR) of 7.44% during the review period (2007–2011). It is projected to retain a high CAGR of 9.05% over the forecast period (2012–2016). The strong growth will be driven by the country’s improving macroeconomic and microeconomic fundamentals, and by the increasing domestic demand for consumer finance services. The UAE consumer finance market valued AED104.2 billion in 2011, after growing at a CAGR of 4.49% during the review period. It is projected to record a high CAGR of 5.09% over the forecast period (2012–2016). The robust growth will be primarily driven by the rising disposable income of the increasing expatriate population, and increased capital inflows due to rising oil exports.

The Kuwaiti consumer finance market recorded strong growth during the review period and valued KWD8.9 billion in 2011. It is projected to register a CAGR of 9.06% over the forecast period. The strong growth will be driven by the country’s improving macroeconomic conditions and rising domestic demand for consumer finance products.

The new report "Emerging Opportunities in the Middle East Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape" by BRICdata states that the Egyptian consumer finance market valued EGP105.9 billion in 2011, after recording a CAGR of 11.51% during the review period. It is projected to continue its strong growth over the forecast period to reach a value of EGP183 billion in 2016. The strong growth will be driven by the country’s improving macroeconomic fundamentals and rising domestic demand for consumer finance products.

Report Details:

Emerging Opportunities in the Middle East Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape
Published: July, 2012
Pages: 151
Price: US$ 2.950,00

Key highlights of this title

  • Saudi Arabian auto loans category increased in value at an impressive CAGR of 7.09% during the review period. 
  • Saudi Arabia’s rising employment levels are expected to generate increased demand for consumer finance in the country. Unemployment in Saudi Arabia is projected to decrease from 9.8% in 2011 to 9.3% in 2016. 
  • Personal loans is the largest category in the UAE consumer finance market, accounting for 48% of the total market in 2011. 
  • Foreign banks have a strong presence in the UAE, but have to follow stringent regulations formulated and regulated by the Central Bank of the United Arab Emirates. 
  • The law in Kuwait dictates that only 3–4% of the total area of the country can be used for private housing. The supply of residential property in the country is, therefore, restricted by law. 
  • The Egyptian auto loans category recorded a strong CAGR of 17.50% during the review period to reach a value of EGP8.9 billion in 2011. 
  • National Bank of Egypt is the largest company in the Egyptian consumer finance market with a 17% market share in 2011.

More information can be found in the report “Emerging Opportunities in the Middle East Consumer Finance Market: Market Size, Strategies, Products and Competitive Landscape” by BRICdata.

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