Diversification efforts by Gulf insurers will likely focus on regional real estate, according experts as Dubai-based Emaar Financial Services.
Wadah Al-Taha, head of strategy at Emaar, explained that the shift was in part due to the surge in real estate markets as a result of Gulf countries opening their markets to foreign investment, according to Reuters.
“Some of them have already tried to diversify into real estate,” he said, adding, “Some of them were trading in the international market before but the returns they were getting were not much compared with the rewards generated through the stock markets here.”
