Economic, Development Affairs' Council Reviews Housing Plan in Saudi Arabia

Economic, Development Affairs' Council (SPA)
Economic, Development Affairs' Council (SPA)
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Economic, Development Affairs' Council Reviews Housing Plan in Saudi Arabia

Economic, Development Affairs' Council (SPA)
Economic, Development Affairs' Council (SPA)

Saudi Council for Economic and Development Affairs held a meeting, at al-Yamamah Palace on Tuesday and reviewed a number of relevant economic and development issues.

During the meeting, the council reviewed a presentation on the implementation of housing plan and its related strategy, governance regulations, pivotal initiatives related to the housing program, a description of the program and its objectives and an analysis of the status quo and main current challenges.

The council also discussed a report from the Ministry of Communications and IT, aiming at empowering and accelerating digital transformation, in the society as well as the national economy, to achieve the objectives of Vision 2030.

The council concluded the meeting by reviewing a report from the National Center for Performance Measurement "Adaa", including a quarterly results covering the fourth quarter of the last fiscal year, in addition to an analysis of the public apparatuses, the scope of coverage and the main challenges.

The council took the appropriately related recommendations over reviewed issues.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.