Within the joint committee meetings events on the occasion of completing 55 years in the capital city Seoul  Saudi Arabia and South Korea Signed a Memorandum of Understanding in the Field of Statistics    Saudi Arabia and South Korea signed on Friday 7th of Safar 1439 H (27th of October 2017) in Seoul the capital city of South Korea a memorandum of understanding (MOU) to cooperate in the field of statistics. It aims to establish a cooperation between the two countries in the field of statistics by exchanging administrative and technical experiences that are related to the work of official statistical entities. Moreover, the signing ceremony was held within the “Saudi-Korean” joint committee meetings events on the 26 and 27 of this October. These events were held in the capital city of Korea on the occasion of completing 55 years of relationship between The Kingdom and Korea. The memorandum was signed by his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi from the Saudi side and by the official commissioner of the Korean statistics Mrs. Hwang Soo Kyeong from the Korean side. A number of the two countries officials have attended the ceremony. In addition, his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi expressed in his speech for this occasion his thanks to the Korean side for the warm reception and gracious hospitality that the Saudi delegation had. He also assured on the deep cooperative relationship between the two countries since 55 years ago until now in a noticeable improvement. He said" we are here today and more than half century of relationship between our countries have passed where the relations have improved remarkably in different fields, in which the economic interests have gathered the experts of the two countries on the tables of the commercial cooperation. Additionally, the special political relationships between the two countries have attributed in the advancement towards cooperation fields that are more distinguished. Since the kingdom of Saudi Arabia and the Republic of Korea have agreed on establishing diplomatic relations at the ambassadorial level on 16th of October 1962 until this day, the two countries are keeping a strong cooperative relationship as partners and they represent a special model for the West-East convergence”. Dr.AL-Tukhifi added that signing the statistical memorandum between the two countries came along with the new Saudi Vision 2030 where it opens wider horizons for cooperation. The statistical partnership is a qualitative partnership to transfer successful experiences and effective cooperation in the fields of statistical data and information which is considered the strongest cornerstone towards future. It is noteworthy to mention that the statistical memorandum between Saudi Arabia and south Korea includes points for cooperative work in developing technical mechanisms necessary for collecting and publishing statistics according to international standards, determining the fundamentals of statistical databases in different statistical fields, exchanging experiences concerning the necessary requirements for establishing an information central system that is linked automatically with all public entities [and their activation mechanisms], developing statistical work in governmental entities in addition to developing government statistical plans, policies, and mechanisms, exchanging statistical awareness programs and organizing joint seminars and workshops which discuss cooperation issues.

Department of Statistics (formerly the General Authority for Statistics currently) members of the Committee of Economy and Energy Shura Council presented its strategic plan in the transition to an independent body, it came after a discussion of the Council's annual report to the Department of Statistics in the past general. Put some members of the Saudi Shura Council at their session yesterday, a number of views on the Department of Statistics report in the past year, comes at a time when the Department of Statistics turned into a public body for the census, a decision of the Council of Ministers about five weeks ago. In this regard, an informed source revealed «Middle East» yesterday that the General Administration of Statistics in Saudi Arabia will achieve its objectives through the provision of statistics and data and information and high-quality indicators, as all categories of beneficiaries of government agencies and enterprises and private individuals to various statistical areas (demographic, social, economic and environmental and cultural), so take advantage of them in the planning of development work. He said the same source, that the members of the Committee of Economy and Energy Shura Council, briefed on the strategic plan for the benefit of former public statistics, which will be applied in the transition to an independent body, where this plan is based on two major dimensions, namely: the beneficiary of the government agencies, private facilities, and members of service , in addition to high quality. The source said: «These two dimensions that contained five axes of development is the strategy based on the beneficiaries service, and statistical products and services of surveys and research, and methodology of statistical work and procedures, and the development of technical infrastructure for the development of statistical work, and the culture of the organization and capacity building, and restructuring and governance work». He pointed to the same source, to ensure that all the focus of a lot of projects and initiatives in accordance with the time schedule of expected Ontsem in a qualitative leap for statistical work in Saudi Arabia. , The Commission asked for the economy and energy Shura Council, during yesterday's session, the Department of Statistics to expedite the transition to Algiomkana Statistical System, to complete the basic structure of the Standard Rules Spatial Information National, and requiring all government agencies to provide information and data for the project automated link system information, on the bases technical and schedule required by the project. It also demanded the development of budgets for projects, statistical surveys and the transition to Algiomkana statistical system, in order to provide sufficient flexibility to spend it to be completed in the time required. During the session, Mohammed al-Mutairi student, information about the project to shift Algiomkana Statistical System, and hoped to provide this information to evaluate the project and support the necessary recommendations. He called Dr. Saeed Sheikh Department of Statistics to develop its website, providing information on the raw data, researchers can use the form and interested. While Dr. Mohammed Al Naji said during his speech that the Department of Statistics is still using an older scientific techniques, while Dr. Mansour Alkredes stressed the importance of a survey of the workforce in Saudi Arabia every three months, adding that the workforce have statistics of special importance require monitored on a quarterly Yearly dynamic response to changing realities. He suggested Dr. Abdullah Al-Harbi, establishment of a national data bank and information, and cooperation with the statistics departments at universities to build partnerships and specialized rehabilitation of the cadres of interest, and to cooperate with the Shura Council to find a center for public opinion polls and trends. Saudi Shura Council session saw yesterday, to approve the proposal to add two paragraphs fourth and fifth articles of the health system, introduced from Dr. Mona Al-Mushayt and decided Shura Council approval of some «model contract public construction» prepared in light of those amendments and recycled to the Shura Council for consideration in accordance with amendments introduced by the Government on a number of competitions and the government procurement system and project materials to article 17 of the system board. These developments come after an extraordinary economic steps, which decided the Saudi Council of Ministers about five weeks ago, converting Department of Statistics to the general body of the census, and in this regard, said the engineer will be launched after ninety days from the date of its publication in the Official Gazette », pointing out that the decision inception keen Adel Faqih, Saudi Minister of Economy and Planning said that «introduction of the new organization of the General Authority for Statistics wise leadership to support statistical track, and translates what looks to him and rulers of the quest towards the further development of service facilities, especially what has to do with the affairs of statistics, data and information, and that to cope with change and successive development in all economic fields, especially after the establishment of the Council of Economic Affairs and Development. He noted architect jurist as given to the Department of Statistics and Information before converted to body care cream and high-Care of the Custodian of the Two Holy Mosques, and the Crown Prince and Crown Crown, to play its role in the provision of statistical data which contribute to strengthening the country's economy and development in various fields. The Minister of Economy and Planning, Saudi Arabia, that the issuance of this decision was an extension of a lot of decisions, orders and directives of the High precious to support and enhance many of the sectors of government turning to independent bodies proved right those decisions and effectiveness in view of the data that touched and experienced Staff of those sectors and the beneficiaries of its services. He Engineer Faqih hoped to be in the issuance of this wise decision motivation and incentive to tender wealthy achieve what the new body to aspire in their plans and programs and keep pace with the size of the aspirations of the beneficiaries of their services, adding that «this organization, which consists of 28 articles provision in Article II that arise General body called the General Authority for Statistics and enjoy public legal personality and financial and administrative independence, and organizationally linked with the Minister of Economy and Planning ». And that the new regulation provides for the formation of the Governing Council of the Commission headed by the Minister of Economy and Planning, and the membership of the Chairman of the Authority, and a number of members who represent some of the relevant government agencies and a representative of the Council of Saudi Chambers, and two representatives of specialists work of the Commission. According to Faqih that the purpose of the establishment of the Authority is to organize and activate the statistical work in Saudi Arabia, through the preparation of a comprehensive, accurate and unified national statistical system and follow up on its implementation, and the development of plans and programs necessary to meet the statistical needs, service development plans, scientific research and various activities. The Minister of Economy and Planning of Saudi that the new organization stressed that «the General Administration of Statistics» responsible for statistics in Saudi Arabia, is the only official statistical reference for the implementation of statistical work system and technical supervisor and regulator to him, a jurisdiction that conducts surveys, as it is the research and studies and dissemination of the results of the different areas statistical, and it is in relation to the conditions of the community and its activities. Engineer jurist considered that the Council of Ministers to ensure that the decision of the Board of Directors shall review the general statistics of the state system, and suggest what would need to be in, and submit it according to regular procedures

GaStat: Real Estate Index Decreased by (6.3%) compared to the previous year and stabilized compared to Second Quarter On Tuesday Safar 4th, 1439 (October 24th,2017), GaStat issued its quarterly indicator of the real estate price general index in the Kingdom of Saudi Arabia for the third quarter (2017) and published it through its official website www.stats.gov.sa . This indicator is based on available registry data of the Ministry of Justice regarding real estate transactions. This indicator is an essential tool that supports entities which make economic and statistical decisions regarding the real estate price movements and future forecasts during different periods of time. The indicator includes three main sectors consisting of many real estate types: residential sector (piece of land, building, villa, apartment, and house), commercial sector (piece of land, building, shop, gallery and commercial centre), and agricultural sector which only includes agricultural land. The index of real estate prices for the third quarter 2017 recorded a relative stability compared to the previous quarter (second quarter 2017), reaching (84.9) in the third quarter 2017. The report attributed the stability of the real estate price index for the third quarter of 2017 to the varying percentage of change in the main sectors composing the indicator. The commercial sector witnessed a decline by (1.0%), the residential sector witnesses an increase by (0.2%), while the agricultural sector was stable without any relative change. The indicator recorded a decline of (6.3%) compared to the same quarter of the previous year (third quarter 2017). The report attributed this decline to the decline in the main sectors composing the indicator: the residential sector (7.9%), the commercial sector (10.9%) and the agricultural sector (1.0%).

Labor Market Bulletin Includes 67 Statistical indicators GaStat: The Saudi unemployment rate is 12.8% in the 2nd Quarter (2017)  The General authority for Statistics (GaStat) published the Labor Market Bulletin for the second quarter of 2017 on Sunday Muharram 11th,1439H (Corresponding to October 1st,2017) which provides comprehensive data and indicators on the labor market in the Kingdom from April 1st to June 30th, 2017 (Corresponding to Rajab 15th to Shawwal 6th, 1438H) to support decision and policy makers regarding labor force. It also contributes in building a database on the labor market in the Kingdom that can be used to prepare and plan future social and economic development programs. The quarterly bulletin includes 67 statistical indicators which contain data and indicators from the Labor Force Survey estimates and labor market data from the administrative records of the relevant entities (Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance(GOSI), Human Resources Development Fund and National Information Center) applying international standards in this area. The results of the bulletin for the second quarter of 2017 indicated that the total number of employees from the data of administrative records in the Kingdom of Saudi Arabia reached (13,841,158) individuals compared to (13,889,137) for the first quarter of 2017.   According to the results of the bulletin also from the data of administrative records in the government agencies for the second quarter of 2017, the total number of Saudis seeking work reached (1,075,933) individuals, (216,352) of them are males and (859,581) are females. The results also showed that the highest percentage of Saudis seeking employment was among the age group (25-29), which is (34.2%). Also according to the results of the administrative records data, nearly half of the Saudi job seekers hold university degrees reaching (50.5%). The results of the bulletin showed that the unemployment rate in Saudi Arabia for the Saudi population (15 years and over) from the Labor Force Survey estimates for the second quarter 2017 reached (12.8%), (7.4%) are males and (33.1%) are females. And the unemployment rate in the Kingdom for the total population (15 years and over) is (6.0%), (3.3%) are males and (22.9%) are females. The results also showed that (11.6%) of the unemployed Saudis had previously worked, and (32.9%) of unemployed Saudis who had previously worked left their jobs due to dismissal from the employer. The survey results also showed that (9.6%) of unemployed Saudis have already been trained. Regarding the economic activity rate of total population (15 years and over) it reached (54.2%), divided between males (78.2%) and females (18.7%). In its bulletin, GaStat also explained that the economic activity rate for total Saudi population (15 years and over) reached (40.3%). The bulletin included a large number of detailed data on workers according to the regulations they are subject to, nationality, sex, age, administrative region and educational level, as well as data for job seekers, average monthly wages, working hours and domestic workers. For more details, you can view the bulletin through Gastat’s official website: www.stats.gov.sa