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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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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