Al Hayat Group - GCC
(Gulf Cooperation Council) Partnership

RD Heritage has teamed up with a Bahrain investment company, Al Hayat Group, to partner in a number of transactions with the Gulf Cooperation Council and its governmental and private investment entities. Al Hayat Group, www.alhayatgroup.com, is a family owned business with interests in diverse industry sectors that take several forms, wholly owned subsidiaries, joint ventures, affiliates, and shareholding investments.

Al Hayat Group is the industry leader in its activities and the core of our company reflects proven operational expertise surrounded by superior foundation of values, ethics, and a wealth of heritage experience

The Gulf Cooperation Council (GCC) is constituted of the following 6 countries: Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.

More than 50% percent of the world's oil wealth originates from the GCC, with a population of 20 million. This region relies heavily on its oil resources for revenue – which is plentiful – and the government is taking strides / several efforts to diversify the economy. Primary areas of expansion interest include Education, Healthcare, Biotech, and the Hospitality sectors.

The UAE has the world's ninth highest density of millionaires, with 40 out of every 1,000 households (four percent) holding private wealth of at least $1 million. The UAE also ranks 15th in the world by ultra-high-net-worth (UHNW) households, defined as households with more than $100MM in private wealth, with three out of 100,000 households falling into this category.

Qatar ranks first in the world with the highest density of millionaires, with 14.3 percent holding private wealth of at least $1MM. Kuwait ranks third with 11.5 percent, while Bahrain (4.9 percent) and the United Arab Emirates (4.0 percent) ranks seventh and ninth, respectively.

Private wealth in the Middle East and Africa (MEA) region will grow to an estimated $6.5TRN by the end of 2017, with a projected Compound Annual Growth Rate (CAGR) of 6.2 percent. This increase will be largely driven by new wealth creation linked to strong Gross Domestic Product (GDP) expansion in oil-rich countries.

The GCC's long-term sustainability portfolio is robust, and private wealth in this region of the world continues to be on the rise.