Saudi Arabia, UAE set to drive GCC private credit growth: Moody’s
- Saudi Arabia and the UAE are expected to lead the Gulf Cooperation Council in private-credit growth.
- The GCC private-credit market is valued at approximately $6 billion, significantly smaller than the global market worth $1.8 trillion, but showing rapid expansion.
- Demand for non-bank capital is driven by economic diversification, infrastructure needs, and financing gaps among small and medium-sized enterprises.
- Saudi Arabia's Vision 2030 and regulatory reforms are creating favorable conditions for private credit, while the UAE serves as a hub for fund formation and legal infrastructure.
