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GCC Foreign Exchange Market Size To Worth USD 36 Billion by 2033 | CAGR of 8.1%

09-22-2025 12:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

GCC Foreign Exchange Market

GCC Foreign Exchange Market

GCC Foreign Exchange Market Overview

Market Size in 2024: USD 17.9 Billion

Market Size in 2033: USD 36 Billion

Market Growth Rate 2025-2033: 8.1%

According to IMARC Group's latest research publication, "GCC Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC foreign exchange market size reached USD 17.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 36 Billion by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033.

How AI is Reshaping the Future of GCC Foreign Exchange Market

● Enhancing Trading Algorithms: AI-powered trading systems optimize forex transactions with predictive analytics, improving efficiency and reducing manual intervention in currency exchange operations across GCC financial institutions.

● Risk Management Innovation: Machine learning algorithms analyze market volatility patterns and economic indicators, enabling banks and forex dealers to better hedge against currency fluctuations and minimize exposure risks.

● Real-time Market Analysis: AI-driven platforms process vast amounts of economic data, geopolitical events, and oil price movements to provide instant insights for forex traders and financial institutions in the GCC region.

● Automated Compliance Systems: AI technologies streamline regulatory compliance by automatically monitoring transactions, detecting suspicious activities, and ensuring adherence to regional and international forex regulations.

● Digital Payment Integration: Fintech innovations powered by AI are transforming cross-border payment systems, with GCC countries implementing AI-enhanced digital currencies and payment gateways for seamless international transactions.

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-foreign-exchange-market/requestsample

GCC Foreign Exchange Market Trends & Drivers:

The GCC foreign exchange market is experiencing robust growth driven by extensive economic diversification efforts across the region. As GCC countries reduce their dependence on oil revenues, new sectors are attracting substantial foreign direct investments, particularly in real estate, retail, finance, and technology. This diversification strategy, aligned with national vision programs like Saudi Arabia's Vision 2030 and UAE's Vision 2071, is generating increased forex activity as international investors bring foreign capital into emerging sectors. The region's strategic position as a global business hub continues to attract multinational corporations, further boosting foreign exchange transactions.

Oil price fluctuations remain a significant driver of forex market dynamics in the GCC region. Higher oil prices generally strengthen GCC currencies as they boost government revenues and economic confidence, while price volatility creates trading opportunities for forex participants. The region's massive sovereign wealth funds actively manage currency exposures, contributing to market liquidity and depth. Additionally, the growth in trade relations with Asia-Pacific countries, particularly China and India, has diversified the currency mix and increased trading volumes in non-USD currency pairs.

The rapid expansion of tourism and business travel across GCC countries is generating substantial foreign exchange inflows. Countries like the UAE and Saudi Arabia have emerged as major tourism destinations, with initiatives like NEOM, Dubai Expo legacy projects, and Qatar's World Cup infrastructure attracting millions of international visitors. This tourism boom creates consistent demand for currency exchange services and drives growth in retail forex markets. The region's position as a global aviation hub, with major airlines like Emirates, Qatar Airways, and Etihad, further amplifies forex transaction volumes from business and leisure travel.

GCC Foreign Exchange Industry Segmentation:

The report has segmented the market into the following categories:

Counterparty Insights:

● Reporting Dealers
● Other Financial Institutions
● Non-financial Customers

Type Insights:

● Currency Swap
● Outright Forward and FX Swaps
● FX Options

Country Insights:

● Saudi Arabia
● UAE
● Qatar
● Bahrain
● Kuwait
● Oman

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=9007&flag=E

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in GCC Foreign Exchange Market

● March 2025: UAE Central Bank implemented new AI-powered forex monitoring systems that reduced transaction processing times by 40% and enhanced real-time compliance with international anti-money laundering regulations across major banks in Dubai and Abu Dhabi.

● April 2025: Saudi Arabia's fintech sector attracted $2.3 billion in foreign investments, with several AI-driven forex platforms launching operations in NEOM, enabling seamless cross-border transactions for the smart city's international business community.

● June 2025: Qatar National Bank introduced blockchain-based foreign exchange services integrated with AI analytics, processing over $5 billion in currency transactions during the peak summer business season while maintaining 99.8% accuracy in risk assessment algorithms.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St., Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302

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