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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year, the General Authority for Statistics (GASTAT) announced Thursday.

In its flash estimates of the real GDP growth rate for Q3 of 2024, published on its official website, GASTAT said that oil activities grew by 0.3% in Q3 2024 compared to the same period of last year, while non-oil activities saw a positive growth of 4.2%.

Government activities also recorded a positive growth rate of 3.1% compared to the same quarter of last year.

The figures further indicated that seasonally adjusted real GDP for Q3 2024 rose by 0.8% compared to Q2 2024.

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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024
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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024

The Saudi Ministry of Industry and Mineral Resources announced on Sunday that the number of valid mining licenses in the Kingdom has reached 2,401 by the end of 2024.

The licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations.

According to the 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the majority of these licenses were granted for building materials quarries (1,481), followed by exploration (642), mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22).

The bulletin serves as a critical tool for monitoring developments in the mining sector, tracking both existing and newly issued licenses across various regions of the Kingdom. By boosting transparency and providing accurate data, the initiative supports investors and decision-makers in making informed choices that contribute to the sector’s growth and sustainability.