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Statistics: 3.8% rise in the growth of the Saudi economy in the first quarter of 2023

Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) released today the GDP report and national accounts indicators for the first quarter of 2023. According to the estimates, the real GDP during the first quarter of 2023 achieved an increase of (3.8%) compared to the same period of the previous year 2022, boosting the growth of the Saudi economy.

08/06/2023

International Monetary Fund Riyadh office market
Citizen's account

Citizen account: 3.4 billion riyals deposited to beneficiaries of the October payment

It included 10.8 million beneficiaries, with an average family support of 1476 riyals and total payments since the launch of the program totaling 219 billion riyals.

Minister of Finance Mohammed Al-Jadaan - Real Estate Transaction Tax Executive Regulations

1,285 billion riyals in expenditures and 1,184 billion riyals in revenues Learn about the budget items for fiscal year 2025

The budget forecasts a deficit of 2.3% of GDP and emphasizes expansionary spending to support economic diversification.

Mohamed El Hassami - National Day 95 - Foundation Day - Housing Subsidies

National Day 94. The Journey of Urban Development in the Kingdom

From infrastructure development to the emergence of skyscrapers and national celebrations, the kingdom's urbanization since 1932 is on display.

“National Housing” leads Saudi Arabia to fourth place globally in digital services

The National Housing Company operates 9 digital platforms that serve 10 million users and account for 70% of real estate transactions.

Today. The first edition of Fintech24 kicks off in Riyadh to strengthen the global financial ecosystem

Three days at Riyadh Front with the participation of SAMA, the Market Authority and the Insurance Authority, 175 hours of content and a target of 26,000 participants.

With 200 speakers and 26,000 visitors Fintech 24 kicks off in Riyadh on September 3

The conference showcases technologies such as artificial intelligence and green finance, and offers an innovation center with 80 startups and investment programs.

Ihsan Endowment Fund

The Capital Market Authority Approves the Offering of Ihsan Endowment Fund Units“

The FRA stated that the approval does not imply endorsement of the viability of the investment and calls for a study of the fund's terms and risks.

Saudi Central Bank

with a growth of 5.5%. Reserve assets record SAR 1.754 trillion by the end of the second quarter

It grew 6.6% since the beginning of the year, peaking at the end of June with overseas investments accounting for about 58% of the total.

Building license via Baladi platform

18 new decisions for the construction of administrative and commercial apartment buildings. Learn about them

New building code requirements for building ratios, setbacks, and parking lots take effect on July 14.

Al-Hogail meets head of Turkish President's Investment Office and discusses enhancing cooperation between the two countries

The meeting discussed enhancing investment cooperation in real estate development, infrastructure, waste management and exchange of expertise and sustainable technologies.

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Tips for creating a personal or family budget

Practical tips for organizing spending: Recording expenses, identifying necessities, creating an emergency fund and sticking to a plan.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

The impact of the stock market on the real estate sector

Analyze the impact of stock market fluctuations and economic policies on demand, prices, and investment trends in the Saudi real estate market.

Jeddah City Jeddah Real Estate - Jeddah Real Estate - Businesses

Jeddah. 14 thousand control rounds on commercial and health facilities

In May: More than 14,000 medical and commercial visits, 23,535 violations detected and 350 facilities closed

Mortgage Loans - Finance Companies

14 New Amendments to the Regulation on Monitoring of Finance Companies

The Council of Ministers approves amendments to the Finance Companies Control Law, including the definition of the company, its form requirements, and regulatory powers.

Ministry of Justice - Real Estate Exchange

The real estate exchange has completed 240 thousand transactions worth 540 billion riyals since the beginning of 2024

The Ministry of Justice reveals that Boursa transactions included emptying, sorting and merging properties as well as mortgage and financing services

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