Based on ministry of justice registry data GaStat launches real estate index indicator On Monday 18 Rabe'a second 1438 H corresponding 16 January 2017, GaStat launched the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice that is about real estate transactions in 2015 and 2016. GaStat described this indicator as an essential tool that supports entities which make economic and statistical decisions  associated with real estate price movements and future expectations during different periods of time. The indicator includes three main sectors composed of many real estate classes: residential sector ( piece of land, building, villa, apartment, and house) , commercial sector (piece of land, building, shop, and commercial center), and agricultural sector ( agricultural lands).  Real estate price index indicator showed a decrease in the Saudi real estate prices in 2016 compared to 2015 and 2014. The indicator registered a decrease of (6.1%) compared to 2015. Whereas it registered a decrease of (8.5%) compared to 2014. During the fourth quarter of 2016, this indicator recorded a decrease of ( 3.5%) compared to the previous quarter. However, it recorded a decrease of (8.7%) compared to the same quarter of 2015.  The report attributed the decrease in the fourth quarter of 2016 (compared to the previous quarter) to the decrease in all composing sectors: commercial sector (4.1%), residential sector (3.4%), and agricultural sector (0.3%).  On the other hand,  the decrease in the fourth quarter of 2016 (compared to the same quarter of 2015) to the decrease in all composing sectors: commercial sector (12.3%), residential sector (7.4%), and agricultural sector (1.1%).  GaStat indicated in a workshop ,held in " Restatex " exhibition in Dhahran city, that : as an official  reference of statistics and an organizer of statistical sector in Saudi Arabia, one of Gastat tasks is follow up the price movement of real estate composing units and record the values of their transactions all over Saudi Arabia. In addition to monitoring their changes from time to time through the new statistical product " real estate price index" which relies on the data provided by ministry of justice. This represents the integration and cooperation between the different government entities which aim at moving sustainable development forward.  GaStat also stated that the new statistical product aims at founding distinct real estate statistical indicators that measure the Saudi real estate market performance and fill the gap of data in this sector. It is considered an essential tool that supports entities which make economic decisions in this field. This product's data benefit those who are interested in the economic and statistical analysis of real estate prices and the future expectations during different periods of time. GaStat has issued a complete bulletin about this index and its details on its website. It is worth mentioning that GaStat has announced 45 new statistical products as a first stage of the new products  which included economic, social, demographic, Umrah , and labor market statistics.  In addition to energy, knowledge, environment, culture, sport, entertainment, safety, and security statistics. Download: Real Estate Price Index Q4 2016 (PDF)

Signed a joint memorandum of understanding with the Ministry of Labour and Social Development GaStat: We work on developing data of labour market to support decision makers On Monday 20 Rabī‘ al-awwal,1438 corresponding to December 19, 2016 , GaStat signed a memorandum of understanding to develop electronic data exchange and integration and the implementation of a number of joint national initiatives relevant to the data of labour market in the Kingdom of Saudi Arabia. The national Labour Market Observatory and the "Labour Market bulletin" are considered the main outputs of this memorandum. Mr. Taiseer Almofarrej, GaStat's official spokesman, clarified that the joint work in the field of data exchange with the Ministry of Labour and Social Development is a work in progress, and that the memo signed today by His Excellency Dr. Fahad Altekhaifi, GaStats President, and His Excellency the Deputy Minister of Labour and Social Development, Mr. Ahmad Saleh Alhomaidan in the framework of developing joint work, particularly after the merging of  the Labour with Social Development is made to keep pace with the new changes in this field. Emphasizing on the importance of collaboration to provide statistical services  that support decision makers and users by providing statistical data and information that is immediate, comprehensive, reliable and flexible in the best interest of beneficiaries either citizens or residents. Almofarrej stressed that the reinforcement of collaboration between GaStat and the Ministry is based on developing entire statistical products related to labour force, social development, establishments, statistical data exchange and integration and the integration of work at the relevant national observatories. The joint work also includes the unifying of standards, classifications and definitions of labour force, social development and establishments. The memorandum contributes in achieving the goals of the social development national strategy, the Saudi employment strategy, the tenth development plan, the privatization strategy and the national strategy of statistical development.  GaStat's official spokesman also asserted that most important outcomes of this collaboration is: the support of statistical data production and dissemination through surveys and administrative records carried out by GaStat and the Ministry on a regular basis, total coordination regarding labour force statistical data dissemination, facilitate cooperation in the exchange and flow of information, the development of Saudi labour market data system through providing a statistical database that is highly accurate to be used by decision makers, planners, researchers and relevant entities, unify efforts to ensure getting accurate statistical data for the most important indicators of the labour market and social development which contribute in the measurement of the 2030 Saudi Vision and the 2020 national transformation program, meet the requirements of the beneficiary entities, the collaboration in establishing a databases for GaStat which are not-for-profit, associations and charities, cooperative committees and social development centers, the collaboration and coordination to reinforce the specialized observatories currently in place, establish and prepare new statistical products specializes in the labour market and social development issues.  On the other hand, Mr. Taiseer Almofarrej clarified that GaStat is currently working in collaboration with the Ministry of Labour and Social development, Ministry of Civil Services, Human resources Development Fund and the General Organization for Social Insurance to develop the labour market data through the production of "Labour Market Bulletin" to be a periodic integrated bulletin that meets the demand for suitable trained and qualified manpower , and the supply side of the population of who are capable of working and willing to search for a job at  certain period of time. The bulletin will be the updated version of the quarterly Labour force Survey results conducted by GaStat.

At the end of the 29th session of "ESCWA" held in Doha  Dr.Altekhaifi: the "Kingdom" has taken effective steps to implement the plan of the 2030 sustainable development goals approved by the United Nations in line with the national development plans The United Nations Economic and Social Commission for West Asia (ESCWA) has recently ended its 29th ministerial session entitled "Implementing the Sustainable Development Goals of 2030 in Arab countries". Where the whole participants came together in order to implement the 2030 sustainable development plan, taking into account the particularities of the regions and its development priorities. The chairman of the Saudi Delegation participating in the Session, GaStat President, H.E. Dr. Fahad Altekhaifi mentioned that the Arab region countries faces multiple challenges in the implementation of the " the plan of the Sustainable Development Goals of 2030" approved by world leaders approximately year ago. These challenges include economical and social, political, developmental challenges. The most prominent of these challenges is the statistical challenges related to building indicators that measures the progress of the(17) goals and its (240) indices according to latest update in (May) 2016. His Excellency explained that one of the most important factors that will help in the implementation of the sustainable goals plan is the state's ability to develop its development plans to adapt with the international plans, provided that they do not violate the Islamic shari'aa law and suits Saudi Arabia. His Excellency assured that the Kingdom of Saudi Arabia worked in two tracks to implement the goals of the 2030 sustainable development approved by the United Nations: the first track is developing a governance to track the implementation of plan, and it was assigned to the Ministry of Economy and Planning who will be responsible of the management of this file, follow-up, coordinate with all government entities, assigning government entities to follow-up with the goals within their competence. In addition, GaStat builds these indicators through the expansion of statistical work implementation either through designing new statistical surveys, develop current surveys, or build indicators from the data collected from the records of other government entities. The second track that Saudi Arabia worked on is developing its national development plans (Saudi Vision 2030), and connect it to the global plans(sustainable development plans). The 20130 Saudi vision and its (13) programs such as 2020national transformation program, government entities restructuring, projects managing program and other programs, and its (24) indicators, took into account the compatibility with the goals of sustainable development. On the other hand, Dr. Altekhaifi stressed the Doha announcement in the end session of the 29th meeting of ESCWA to invite all States to provide adequate support to update statistical systems to produce data necessary to measure the progress in achieving the goals of sustainable development. Furthermore, promote dialogue between policy makers and data producers and users to record progress in implementing national and international plans. Finally, support the initiatives of some Arab countries to for the adoption of national strategies for the development of statistics.

As the Chairman of the Saudi Delegation in the ESCWA Ministrial Session Dr. Altekhaifi: the transition towards a knowledge-based society promotes sustainable development in the Kingdom H.E. Dr. Fahad Sulaiman Altekhaifi, GaStat President, assured that the Kingdom of Saudi Arabia has completed remarkable steps towards achieving the millennium goals of sustainable development and has developed a strategy for total development under the framework of its 2030 Vision. This came during the 29th ministerial session of ESCWA entitled "Implementing the Sustainable Development Goals of 2030 in Arab countries", held in Doha,Qatar. HE GaStat President chaired the Saudi delegation participating in this session. He clarified that the Kingdom has made deliberate steps towards achieving the goals of sustainable development, where all conditions are prepared to achieve its goals of growth rates, average income increasing, promote the transition towards a knowledge-based society. This can be made through multiple strategies such as those based on economic diversification, sovereign investment funds, support the private investment initiatives, invest in quality education, research and development, health facilities, public services, and international and regional agreements. He added that the entire government systems in the Kingdom works on increasing the development of national and regional institutions, and enhance coordination efforts, enhance the flexibility of public institutions in developing governance strategies. On Tuesday, The United Nations Economic and Social Commission for West Asia (ESCWA) held its 29th session for senior officials, in the presence of representatives from member states and non-member states in international and regional organizations and committees. ESCWA is one of the five United Nations' regional commissions, and is a part of its general secretariat. It works under the supervision of economic and social council in order to support the economic and social cooperation between the region countries and promotes the development process in order to achieve regional integration. Its membership compromises of 17 member states which are: Saudi Arabia, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Sudan, Syria, UAE, Tunisia and Yemen.  The ESCWA ministerial session is held every two years with the participation of the commission member states representatives on the mistrial level and representatives from United Nations' organizations and programs in addition to United Nation member states who are not member of ESCWA.