Turkey leads Middle East with over 100,000 millionaires
Turkey now boasts more than 100,000 millionaires, making it the Middle East's top country for the wealthy, according to an expert on high net worth individuals, Daily Sabah reported.
Andrew Amoils of New World Wealth in London predicted Turkey would see a 60 percent increase in the number of millionaires living in the country by 2025.
Wealthy individuals are particularly attracted to Istanbul's high-end boutiques, expensive restaurants and spacious seaside villas. "Istanbul is the undoubted jewel of the Middle East in terms of wealth," Amoils told Anadolu Agency.
"Despite the rise of Dubai and Doha, Istanbul remains the main hub of Middle Eastern business. Whilst Dubai and Doha rely on only a few sectors, Istanbul is strong in a much larger number of key sectors," he added.