An estimated 65 percent of the Middle
East region’s population is under
the age of 30 and real GDP per capita
increased by about 4 percent per year
from 2004 to 2006. In markets such as Qatar
and Bahrain, real GDP growth per year is in
the double-digit range, far outstripping GDP
growth in developed card markets. Huge
resources of natural energy and capital inflows
in markets like Saudi Arabia and the United
Arab Emirates (UAE) have helped to underpin
rapid economic growth which has trickled
down into increasing consumer wealth,
helping to drive the growth of the service and
financial industry sectors.
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