Month: October 2022

Reading time: < 1 MinuteDuring the exhibition, the Minister of Municipal, Rural, and Housing Affairs, Majid bin Abdullah Al-Hogail, affirmed that the ministry, through its various sectors, programs, and initiatives, contributes to supporting and achieving more than 30% of the Kingdom’s Vision 2030 goals and is linked to more than 60% of total economic activities. He noted that cities, with their urban, economic, cultural, and social dimensions, play a major role in achieving the Kingdom’s Vision … Read more

Reading time: < 1 MinuteThe Ministry of Finance issued the preliminary statement for Saudi Arabia’s 2023 budget, which included the ministry’s projections of revenues totaling 1.123 trillion riyals, and expenditures estimated at 1.114 trillion riyals, resulting in a surplus of 9 billion riyals, equivalent to 0.2% of GDP. Meanwhile, it projected that budget revenues for the current year, 2022, would reach approximately 1.222 trillion riyals, with expenditures of 1.132 trillion riyals, resulting in a surplus of 90 billion … Read more