In Q4 of 2023, the net value of foreign direct investment (FDI) flows in the Kingdom amounted to SAR 13 billion, representing an increase of more than 16% compared to Q3 of the same year. This information is based on the Foreign Direct Investment Publication for the fourth quarter of 2023 from the General Authority for Statistics. The results of the Publication showed that the value of FDI inflows into the Kingdom's economy reached SAR 19 billion, an increase of 16.6% compared to Q3 of the same year, which was valued at SAR 16 billion. The Publication also indicated that the value of FDI outflows from the Kingdom's economy was about SAR 6 billion, representing an increase of 17.6% compared to Q3 of the same year, which amounted to SAR 5 billion.

The General Authority for Statistics (GASTAT) issued today the Labor Market Publication for Q4 of 2023. According to the results of this publication, the total unemployment rate (for Saudis and non-Saudis) decreased to 4.4% from Q3, 2023 by 0.7 percentage points, where it was 5.1%. The unemployment rate for Saudis also decreased to 7.7% in Q4 of 2023 compared to 8.6% in Q3, 2023. Additionally, the unemployment rate for Saudi females during Q4 of 2023 decreased to 13.7% compared to 16.3% in the previous quarter, while the unemployment rate for Saudi males remained stable at 4.6% in Q4 of 2023. During the fourth quarter of 2023, the labor force indicators showed a decline in the total participation rate in labor force (for Saudis and non-Saudis) compared to Q3, 2023, reaching 60.4%. Moreover, the participation rate in labor force for Saudis dropped to 51.3%, compared to the previous quarter. The results of the Labor Market Publication also indicated a decrease in the participation rate in labor force for Saudi females during Q4 of 2023, with 35.5% compared to the previous quarter. However, the participation rate in labor force for Saudi males in Q4 of 2023 decreased to 66.6% compared to 66.8% in the previous quarter. It is worth mentioning that the Labor Market Publication bases its results on a household survey conducted by GASTAT falling under the social statistics. Data is collected through a representative sample of population from various administrative regions in the Kingdom of Saudi Arabia, by completing an electronic questionnaire containing several questions. This process provides estimates and indicators related to the labor force of population in the working age group (15 years and above) residing in the Kingdom of Saudi Arabia, estimating the population (inside and outside the labor force), and calculating key labor market indicators such as the unemployment rate, labor force participation rate, and others.

The Permanent Technical Committee for Statistics of the Arab League held its forty-ninth meeting in Cairo on September 26-27 of this year at the headquarters of the General Secretariat of the Arab League. The meeting was attended by delegations representing official Arab statistical agencies, as well as a number of specialized Arab organizations in the field of statistics. The delegation of Saudi Arabia was led by  Dr. Fahad bin Abdullah Al-Dossari, President of the General Authority for Statistics. During the sessions, various technical and administrative topics were discussed, including monitoring the implementation of recommendations from the previous committee meeting, highlighting statistical activities carried out by Arab official statistical agencies in the past period, as well as reports and recommendations from subcommittees. It is worth mentioning that the Permanent Technical Committee for Statistics aims to enhance Arab statistical capabilities, exchange experiences, information, and technical advice among member countries, and provide the necessary statistical data and indicators to serve the common Arab statistical work.

The General Authority for Statistics and the Family Affairs Council signed a memorandum of cooperation yesterday, Monday September 4, 2023. The memorandum aims to enhance integration between the two entities in their respective fields of expertise, establish a general framework for joint activities and tasks, and develop their institutional capacities to serve common interests and goals. The memorandum was signed at the headquarters of the Family Affairs Council in Riyadh. Dr. Fahad Al-Dossari, President of the General Authority for Statistics, signed on behalf of the authority, while Dr. Maimouna bint Khalil Al-Khalil, Secretary-General of the Family Affairs Council, signed on behalf of the council. The memorandum highlights the exchange of information and data between the two parties - each according to its expertise - in areas of mutual interest, cooperation in issuing statistical publications related to families, exchanging support and technical and knowledge expertise in areas of mutual interest, as well as exchanging advice in the areas of expertise of each party. This includes exchanging research and studies, publications, and making it possible for the staff of both parties to participate in training courses, seminars, scientific conferences, and workshops related to the areas of mutual cooperation agreed upon.