Aaron Allen

IPO here, IPO there, IPO everywhere. That’s what’s going on in the GCC right now—from the UAE to Saudi Arabia. Just to clarify—an IPO is an Initial Public Offering. It allows you to buy shares in companies. Here’s all you need to know about the rise of IPOs in the GCC, in under 60 seconds. First, let’s look at Saudi Arabia. Back in 2019, aramco, one of the world’s biggest companies, announced that it was going public. And it broke a record. Aramco was valued at a staggering $2 trillion, making it the biggest ever IPO. And from there, IPO growth in Saudi Arabia has gone to the next level. And today, in 2024? In the last 6 months itself, Saudi Arabia raised $2.1 billion in IPOs. Recently, The Modern Mills Company went public with a $724 million IPO, and the MBC Group went public with a $222 million IPO. Impressive, right? In 2024, in the UAE, big names like LuLu and Etihad have plans to go public. The recent Parkin IPO raised $400 million in the first quarter of the year. Recently, Abu Dhabi National Hotels announced their plans to go public as well. They’re just one of many companies going public. Growth is expected to reach extremely high levels given the UAE’s business environment and investor-friendly ecosystem. And there’s more. Across the MENA region, 23 IPOs raised $3.6 billion in just 6 months. The first time I had heard of stocks, I was 16, and read about Warren Buffet. In February, 2006, I bought my first ever stock , DU telecom’s IPO in Dubai . What a long way we’ve come. IPOs and success. We’re going to see more of that. So let’s welcome it.

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🌐 Dubai 2024: A Strategic Deep Dive into Off-Plan Real Estate Investments 🌐 Discover the Lucrative Potential of Dubai's Off-Plan Properties As we step into 2024, Dubai's real estate market demonstrates remarkable dynamism, particularly within the off-plan investment sector. With a significant turnover of $9.6 billion recorded in January alone—where 58.3% was attributed to off-plan projects—Dubai solidifies its reputation as a premier destination for global real estate investors. 🔗 Explore the full potential of off-plan investments in Dubai https://lnkd.in/dXwmHPgP Key Insights from Alexander Erber on Navigating Dubai’s Off-Plan Market Why Consider Off-Plan Investments in Dubai? 1. Competitive Entry Points & High Appreciation Potential: Entering the market via off-plan properties allows investors to capitalize on lower initial prices with high capital appreciation expected upon completion, especially in high-demand areas like Downtown Dubai, Dubai Creek Harbour, and Palm Jumeirah. 2. Strategic Market Positioning: Invest in locations that promise not only a luxurious lifestyle but also strategic growth potential. These sectors are witnessing transformative developments, making now an opportune time for entry. 3. Robust Legal Framework: Dubai's comprehensive legal structures ensure investor security with mechanisms like escrow regulations and the Oqood system, safeguarding your investments against potential risks. 4. Forward-Looking Market Developments: Dubai leads in integrating sustainability and innovative technologies in its real estate projects, aligning with global environmental trends and enhancing the long-term value of investments. Expert Guidance for Maximizing Your Returns Investing in Dubai’s off-plan properties requires more than just capital—it demands in-depth market knowledge and strategic foresight. Alexander Erber, with his extensive experience in the UAE real estate sector, provides critical insights into making informed investment choices that are both profitable and secure. https://lnkd.in/dXwmHPgP Anticipate the Future of Real Estate Investment: The UAE's ongoing initiatives to enhance its real estate landscape are setting a new benchmark globally. The region's focus on creating sustainable and innovative living solutions continues to attract international investors and residents alike, promising exciting opportunities for those ready to invest in the future today. Join Our Network: Engage with a community of like-minded professionals and investors who are shaping the future of real estate in Dubai. With strategic advice and personalized consultation from Global Success Consulting, navigate the complexities of the market with confidence. #DubaiRealEstate2024 #InvestInDubai #AlexanderErber #GlobalSuccessConsulting #OffPlanPropertyDubai #RealEstateInvestment #DubaiPropertyMarket #FutureOfRealEstate #LuxuryRealEstateDubai

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Whilst the new UK government tries to figure out how to further tax the rich & drive them away. Dubai is figuring out how to welcome them to their country. To be honest its not a difficult sell. The UAE is on track to be the world's top wealth magnet for the third year in a row! 1.) Excellent Education & Health Facilities 2.) Security & Safety 3.) Currency Pegged to the USD 4.) Stable Government 5.) Beach & Holiday Sunshine year round ( Yes, summer can get hot but it's better than an English winter any day of the year) 6.) No Income Tax 7.) Government services that actually work 8.) Traditional Values 9.) Tolerance of people regardless of their creed, colour, religion 10.) Rules that are actually enforced The UAE is set to see a record net inflow of 6,700 millionaires from around the world by the end of 2024. The UK is set to see its population of Millionaires drop by 17% by 2028. The UAE is set to attract 2x more millionaires than the United States in the same time frame. What products or services do these Millionaires need? That should be your next opportunity 🚀

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Why are single family offices established? Here is an overview of the main factors in establishing a SFO in the MENA region. The main reason is, without much surprise, the institutionalisation and professionalisation of investments and assets management. Family oriented issues, such as succession and legacy are also significant reasons to create an SFO. Are you surprised by the difference reasons and their relative importance? Does that contradict your family office experience? Fell free to comment below. Thank you for reading. The chart is from "The Rise of Single Family Offices in the MENA" report published by LGT Private Banking & Tharawat Family Business Forum. Thank you Hugo King-Oakley for sharing. Did you appreciate this post? Would you like to see more? Like this post Follow Hugues Hallot 🔔 Ring it on my Profile 🔝 Connect with me #FamilyOffice #Investment

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The Explosive Growth of Saudi Arabia's Tourism Sector in 2023 I am excited to share some remarkable achievements and statistics that highlight the significant growth of the tourism sector in Saudi Arabia in 2023. These numbers showcase our country's thriving tourism industry and its appeal to international and domestic tourists. 🔅 Tourist Numbers: 🔸️ The total number of tourists reached 109.3 million, an increase of 65% compared to 2022. 🔸️ This includes 27.4 million inbound tourists and 81.9 million domestic tourists. 🔅 Tourism Expenditure: 🔸️ The total tourism expenditure amounted to 255.6 billion SAR ($68.2 billion). 🔸️ Inbound tourists contributed 141.2 billion SAR ($37.6 billion), while domestic tourists spent 114.4 billion SAR ($30.5 billion). 🔅 Contribution to GDP: 🔸️ The tourism sector contributed 4.4% to the GDP. 🔅 Growth in Inbound Tourism: 🔸️ The number of inbound tourists increased by 65% compared to 2022. 🔸️ Tourism expenditure by inbound tourists reached 141.2 billion SAR ($37.6 billion), an increase of 44% compared to the previous year. 🔅 Growth in Domestic Tourism: 🔸️ The number of domestic tourists increased by 5.2% compared to 2022. 🔸️ Domestic tourism expenditure amounted to 114.4 billion SAR ($30.5 billion), an increase of 6.7% compared to the previous year. 🔅 Tourists from GCC 🇧🇭 #Bahrain: 3.4 million tourists 🇰🇼 #Kuwait: 2.3 million tourists 🇦🇪 #UnitedArabEmirates: 1.4 million tourists 🇶🇦 #Qatar: 1.1 million tourists 🇴🇲 #Oman: 455 thousand tourists 🔅 Most Visited Regions: 🔝 #Makkah: 15.4 million visitors 🔝 #Madinah: 9.6 million visitors (as a secondary destination) 🔝 #Riyadh: 11.9 million visitors 🔝 #Jeddah: 11.6 million visitors ✔️ #Taif: 4.1 million visitors ✔️ #AlAhsa: 2.8 million visitors ✔️ #Dammam: 2.2 million visitors ✔️ #Abha: 2.2 million visitors ✔️ #Buraidah: 1.8 million visitors ✔️ #AlKhobar: 1.1 million visitors 🔅 Interesting Numbers in the Report: 🔸️ Domestic tourism spending hit a record high in 2023, reaching 114.4 billion SAR, an increase of 138% compared to 2018. 🔸️ Inbound tourism saw the highest growth rate since 2018, surpassing pre-pandemic levels to reach 27.4 million tourists in 2023, an increase of 56% compared to 2019. 🔸️ The peak number of inbound tourists was recorded in December 2023, with 2.9 million tourists. 🔅 These numbers and developments reflect the significant efforts made by Saudi Arabia to enhance the tourism sector, contributing to economic diversification and creating new job opportunities, making the Kingdom an attractive destination for tourists and investors worldwide. #trip #vacation #instatravel #travel #travelgram #holiday #traveling #instago #travelling #tourism #tourist .

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A Comprehensive Guide to Dubai Golden Visa: Your Pathway to Success https://lnkd.in/dQzusAKB What is the Dubai Golden Visa Program? The Dubai Golden Visa is a residency program introduced by the UAE government to attract high net worth individuals, investors, and talented professionals from around the globe. This program offers successful applicants the opportunity to reside in Dubai for an extended period, granting them access to a myriad of benefits and opportunities. Who is Eligible for the Dubai Golden Visa? "For investor, it is essential to have an investment of 2 million dirhams. Opting for the property market is highly advised due to its potential for a lucrative return on investment, whether through renting out the property or selling it at a later stage once the price meets your expectations." How to Apply for the Dubai Golden Visa? Applying for the Dubai Golden Visa is a straightforward process, provided you meet the eligibility criteria and submit the necessary documents. Here is a step-by-step guide on how to apply for the Dubai Golden Visa: Determine Your Eligibility: Assess which category of the Dubai Golden Visa you qualify for based on your personal or professional background. Gather Required Documents: Prepare all the necessary documents, such as proof of income, business ownership documents, educational qualifications, and a clean criminal record. Submit Your Application: Lodge your application through the official channels, ensuring all information provided is accurate and up to date. Attend Biometric Appointment: If required, attend a biometric appointment as part of the visa processing procedure. Await Approval: Once your application is submitted, wait for the authorities to review your case and provide a decision on your Dubai Golden Visa status. Benefits of the Dubai Golden Visa Program Residency and Settlement One of the primary benefits of the Dubai Golden Visa is the opportunity to reside in Dubai for an extended period of 10 years renewable indefinitely , providing individuals and their families with a stable and secure living environment. Business Opportunities For entrepreneurs and investors, the Dubai Golden Visa opens doors to a flourishing business landscape, offering access to tax incentives, a dynamic market, and a supportive ecosystem for growth. Education and Healthcare Families relocating to Dubai under the Golden Visa program can benefit from world-class education and healthcare facilities, ensuring the well-being and development of their loved ones. Global Mobility With a Dubai Golden Visa in hand, individuals can travel seamlessly within the UAE and explore new opportunities across borders, expanding their horizons and networks.

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Saudi Arabia Crown Prince’s Transformation Stress-tests Economy and Stretches Petro Wealth. Dr. Turki Faisal Al Rasheed   Saudi Arabia, under the ambitious vision 2030 of Crown Prince Mohammed bin Salman, is experiencing significant economic strain. The Kingdom has faced budget deficits for six consecutive quarters and has emerged as the largest issuer of international debt among emerging markets. This financial pressure is exacerbated by the decision to cut oil production in collaboration with other OPEC members in 2023, which has not yielded the anticipated increase in export revenues. Consequently, the fiscal deficits are being financed through a combination of external issuance via Eurobonds and domestic issuance. Many experts, including the writer, believe the Kingdom possesses the flexibility to modify or delay investments in its colossal Giga-projects to manage financial stress. Additionally, the country's commitment to attracting Foreign Direct Investment (FDI) aligns with its pursuit of sustainable development goals and regional stability. Unlike the historical American foreign policy approach, which often prioritized economic and political interests at the cost of igniting conflicts and promoting the arms industry, Saudi Arabia seems focused on development and progress. From the Nixon administration to the present day, U.S. policies have underscored the sustenance of its economic might through means that sometimes disregarded global peace. President Dwight D. Eisenhower had warned in his farewell address about the dangers of the military-industrial complex. He emphasized that every dollar spent on armaments was a theft from those in need of basic essentials, a sentiment that contrasts sharply with the developmental aspirations seen in Saudi Arabia today. Given the current trajectory, Saudi Arabia’s budget may continue to experience deficits for the foreseeable future. Domestic giants like the Public Investment Fund (PIF) and Saudi Aramco are expected to bear a significant portion of the financial burden associated with the Crown Prince’s visionary projects. Despite financial hurdles, the Kingdom’s path toward development has sparked a wave of inspiration across the region, urging other nations to pursue genuine development rather than mere political rhetoric. After six years of careful study and authoring a book on Saudi transformation, it is evident that this quest for development is deeply institutionalized. With sustainable development goals in firm focus, Saudi Arabia is on an irreversible path forward, setting a progressive example for the Arab world. The only viable way ahead for these nations is to embrace the road to development, as evidenced by the Kingdom’s unwavering commitment.

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The Journey to VC Funding: How We Raised Capital in the Middle East Watch or listen to the full episode, link in bio! . . . . #AbuDhabi #Dubai #Riyadh #Doha #Cairo #Amman #Beirut #VCfunding #MENA #Entrepreneurship #GamingIndustry #EmergingMarkets #Startups

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I have spent the last few days in the UAE meeting with great people and organizations. There is a real commitment to creating greater food security, in a sustainable way. It will be interesting to see which countries lead in food production in the future, I believe it will be those who embrace new approaches and work with the traditional food players and experienced food executives to execute them at scale. What do you think? https://lnkd.in/dTrGRYBb Alessandro Borgogna, Tom Mastrobuoni , Roger Lienhard,

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