Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Mortgage Law
The endorsement by the Council of Ministers of the mortgage law is a very important step in broadening home ownership. It will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, it will take some time before the full benefits of the mortgage law are realized and the initial impact will probably not be substantial.
Healthy first quarter economic growth-2012
Latest economic growth data confirm that the healthy performance of the Saudi economy continued into the first quarter of 2012. Growth was lower than in the previous three quarters and more dependent on the oil sector. However, performance remains robust even when the oil and government sectors are removed.