Mina Research Partners, a research firm, said in a study that investments in FANTEC in the Gulf region will reach $ 2 billion over the next decade, compared to just 150 million dollars invested in the past 10 years.
According to the study, the United Arab Emirates and Saudi Arabia are expected to play an important role in boosting the growth potential of the Gulf region and in shaping and shaping the FANTEC sector in the Arab region.
Mina Research Partners said that these two countries will be at the forefront of transformation into the Fintec sector, driven by several factors, including the adoption by top leaders of an approach to creating advanced structures for future smart cities, and because these two countries have the highest electronic connectivity per capita in the region and represent 45%.
In addition, the private sector of the two countries also strengthens their investments in the FANTEC sector.
The study of MENA research partners shows that over the last 10 years, 35% of total investment in emerging companies in the Middle East and North Africa (MENA) was in 2017 or 52.5 million dollars out of the $ 150 million invested between 2008 and 2018. Completed last year.
This momentum is expected to continue in the next few years, but at a much faster pace.
This impetus will be driven by several factors, not least by the initiatives taken by the Gulf Governments.
Regulators and regulators provide increased support to the FANTEC sector and provide local growth catalysts such as Fentech High in Dubai, Reglab on the Abu Dhabi global market, Bahrain's Fentech Bay and the UAE joint venture to build a system stuck.
The study states that the transformation of economic capabilities from the West to the East will bring benefits to these Vantik Golf Centers.
Other factors that will stimulate the growth of Fintec are traditional banks, Vantec's ability to enhance its services and traditional solutions through digital solutions, as well as the emergence of more independent companies created to reduce the gap in financing small and medium enterprises, worth 1.7 trillion dollars.
Currently, many small and medium-sized companies with high liquidity face difficulties in obtaining bank financing in the region, only 20% of them receive financing from banks and financial institutions, compared with an average of 42% in Latin America, Europe East, Central and Eastern Asia. This large gap in financing from banks and money markets may be hindered by Fantec's lending and fund companies.