A report issued in Dubai on Monday estimated the wealth of women in the Gulf area at US$385 billion.
The report, issued by Al Masah Capital Limited, an alternative asset management company, said women have been taking serious steps in work, education and economic and social development.
The report estimated women as 41 percent of the Gulf population and said that 16 percent of them are employed. Saudi Arabia and the United Arab Emirates host 75 percent of the female workforce (1.75 million women) in the Gulf.
Saudi Arabia contributes 54 percent of female workforce in the Gulf, followed by the UAE. Kuwait contributes with 10 percent, Oman six percent, Qatar five percent and Bahrain four percent.
Shailesh Dash, executive director of the company, said women's wealth is usually in safe assets like bonds, cash and bank deposits, causing financial institutions to take serious steps to capitalize on this trend.
