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Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

Saudi real estate to contribute 9% to GDP by 2030

The Saudi real estate sector provided 40,000 job opportunities in 2021.
By TRENDS Desk
February 23, 2022 5:49 pm
  • The kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030
  • Real estate witnessed growth in land and property registration by 85 percent in 2021

The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom Minister of Housing.

The kingdom’s residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030, according to the Minister of Housing.

Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, Majid Al-Hogail noted that the real estate sector will contribute 8.8 percent to the national gross domestic product by 2030.

According to the minister, real estate witnessed growth in land and property registration by 85 percent in 2021.

He added that the real estate sector provided 40,000 job opportunities in 2021.

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