Month: June 2026

The Kingdom Ranks Third Globally in Indicators of Support for Business Start-ups and Equal Opportunity

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Reading time: < 1 MinuteThe Kingdom of Saudi Arabia ranked third globally in the “Legislative Support for Starting a Business” indicator in the 2026 Global Competitiveness Yearbook, as a result of streamlining procedures and accelerating business startup by reducing requirements and automating processes, The Companies Law has contributed to creating a flexible and stimulating environment that supports the establishment, growth, and development of companies. The Kingdom advanced to fourth place in the “Economic Opportunity” indicator, … Read more

Rise in Reinforcing Bar Prices Last May

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Iron

Reading time: 2 MinutesReinforcing steel prices in Saudi Arabia continued their upward trend throughout May 2026, recording year-over-year and month-over-month increases across various sizes, according to data from the “Building Materials Prices” report issued by the Saudi Contractors Authority. The report showed that rebar prices rose on a year-over-year basis by rates ranging from 5.65% to 20.33% in May 2026 compared to the same month in 2025. The price of … Read more

The Medina Municipality is offering investment opportunities, including mixed-use buildings

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Reading time: < 1 MinuteThe Madinah Region Secretariat has launched new investment opportunities through “Furs,” the investment portal for Saudi cities, with the aim of enhancing quality of life, developing facilities and services, and improving the efficiency of municipal asset investment, thereby contributing to economic and urban development in the region.The investment opportunities include the construction, operation, and maintenance of a park on Bashir bin al-Bara’ Road—may Allah be pleased with him—in the Wadi Mahzur neighborhood, on … Read more

Saudi Tourism Continues to Grow... 123 Million Tourists and 304 Billion Riyals in Spending by 2025

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Reading time: 2 MinutesSaudi tourism continues to cement its position as one of the Kingdom’s leading drivers of economic growth, after the sector set new records in 2025 in terms of visitor numbers and spending, clearly reflecting the sector’s momentum in line with the goals of Vision 2030 and the rapid transformation that has made tourism a cornerstone in supporting the economy and diversifying sources of income. These record figures reflect the strength of … Read more

Construction Sector Returns to Growth in May... Residential Sector Leads the Recovery Despite Cost Pressures

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Reading time: 2 MinutesAl-Rajhi Capital’s Construction Sector Index for Saudi Arabia, after seasonal adjustment, recorded a positive rebound in May, rising from 48.5 points in April to 51.2 points, returning once again above the 50-point threshold separating growth from contraction and marking its best reading in three months, reflecting a modest improvement in the pace of activity within the sector. This improvement indicates … Read more

Variations in Accommodation Prices in the Kingdom: Monthly Increase for Hotels and Stability for Furnished Apartments in May

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Reading time: < 1 MinuteThe average cost of hotel stays in the Kingdom of Saudi Arabia rose by 3.3% in May 2026 compared to April of the same year, reaching 478.5 riyals, up from 463.1 riyals the previous month, according to data from the General Authority for Statistics in its report “Average Prices of Goods and Services.” On a year-over-year basis, the data showed a notable decline in average accommodation prices … Read more

Infographic | Real Estate Advertising Licensing Requirements

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Reading time: < 1 MinuteThe General Real Estate Authority has clarified the requirements for issuing a real estate advertising license in accordance with regulatory provisions, specifying the entities authorized to issue the license and the conditions associated with publishing real estate advertisements through various media, with the aim of ensuring that practitioners comply with approved regulations and achieving greater transparency and clarity in the real estate market. Who Is Authorized to Issue a Real Estate Advertising License? Applications for a real estate advertising license may be submitted by: a licensed real estate broker … Read more

The Saudi Contractors Authority Organizes the Saudi-Hong Kong Construction Forum

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Reading time: < 1 MinuteThe Saudi Contractors Authority in Hong Kong organized yesterday, the “Saudi-Hong Kong Construction Forum,” in partnership with the Hong Kong Construction Industry Council, attended by a number of government agencies and featuring the participation of leading companies, contractors, and representatives from the construction and building sector. The Authority’s delegation was led by Mohammed bin Abdulaziz Al-Ajlan, Chairman of the Board of Directors of the Saudi Contractors Authority. The forum was organized as part of the Authority’s efforts … Read more

Cement Prices Rise and Concrete Prices Fall in the Saudi Market in May

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Reading time: < 1 MinuteThe building materials market in Saudi Arabia saw mixed price movements in May, as some cement products continued to post slight increases on a month-over-month basis, while prices for a number of types of concrete and other building materials declined, according to official data released by the General Authority for Statistics in its bulletin on average prices of goods and services. The bulletin’s data showed that cement prices … Read more

«Al-Haqil»: Riyadh Sees an Improvement in Prices as Real Estate Supply Increases

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Reading time: 2 MinutesMinister of Municipalities and Housing Majid Al-Hogail confirmed that the real estate market in Riyadh has begun to see price levels more in line with citizens’ purchasing power, as efforts continue to achieve greater balance in the coming period.In remarks to Al Arabiya Business, Al-Hogail explained that the regulatory package approved under the direction of Crown Prince Mohammed bin Salman has proven effective on the ground … Read more

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