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GaStat launches real estate index indicator

12-09-2017

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)
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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

12-09-2017

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.
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Dr. Altekhaifi: the transition towards a knowledge-based society promotes sustainable development in the Kingdom

12-09-2017

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.
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GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia

12-09-2017

Within the new bundle of cultural indicators  GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia On Sunday, 12 Rabī‘ al-awwal 1438 corresponding to December 11, 2016, GaStat issued its indicator about the number of photography studios and its workers from 2011 to 2015 in all administrative regions of the Kingdom which has reached 2415 studios with 5382 photographer and workers. The indicator issued by GaStat showed that Makkah region is in the lead by number of photography studios and its workers for the last five years. The number of studios in Makkah region has reached more than 802 in 2015, while Riyadh region is the second largest area after Makkah in the number of operators and photography studios which has reached more than 640 studios with more than 1400 worker in 2015. GaStat's spokesman Taiseer Almofarrej explained that the photography indicator is considered one of the most important cultural indicators, and it measures the changes in number of shops that photograph people, number of photographers, and number of workers annually. The indicator reflects the development in photography activity in different regions of the Kingdom. Almofarrej stressed that GaStat was keen to launch its indicator today to cope with the events of "colors of Saudi Arabia forum" to shed light on this activity. He also added that after the launch of any indicator, GaStat begin its assessment in order to develop the indicator with the collaboration of relevant entities. One of these indicators is the photography as one of the most important cultural indicators, in addition to the fact that photography field is one of the attractive fields to work in especially with the development of photography tools and the increasing demand on photographers, and the impact of images on media, art and culture particularly with the spread of social media. Knowing that the indicator does not include amateur photographers or who works independently as the indicator relies on record data from relevant entities.
Image Alt Text

GaStat launches real estate index indicator

12-09-2017

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)
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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

12-09-2017

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.
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Dr. Altekhaifi: the transition towards a knowledge-based society promotes sustainable development in the Kingdom

12-09-2017

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.
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GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia

12-09-2017

Within the new bundle of cultural indicators  GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia On Sunday, 12 Rabī‘ al-awwal 1438 corresponding to December 11, 2016, GaStat issued its indicator about the number of photography studios and its workers from 2011 to 2015 in all administrative regions of the Kingdom which has reached 2415 studios with 5382 photographer and workers. The indicator issued by GaStat showed that Makkah region is in the lead by number of photography studios and its workers for the last five years. The number of studios in Makkah region has reached more than 802 in 2015, while Riyadh region is the second largest area after Makkah in the number of operators and photography studios which has reached more than 640 studios with more than 1400 worker in 2015. GaStat's spokesman Taiseer Almofarrej explained that the photography indicator is considered one of the most important cultural indicators, and it measures the changes in number of shops that photograph people, number of photographers, and number of workers annually. The indicator reflects the development in photography activity in different regions of the Kingdom. Almofarrej stressed that GaStat was keen to launch its indicator today to cope with the events of "colors of Saudi Arabia forum" to shed light on this activity. He also added that after the launch of any indicator, GaStat begin its assessment in order to develop the indicator with the collaboration of relevant entities. One of these indicators is the photography as one of the most important cultural indicators, in addition to the fact that photography field is one of the attractive fields to work in especially with the development of photography tools and the increasing demand on photographers, and the impact of images on media, art and culture particularly with the spread of social media. Knowing that the indicator does not include amateur photographers or who works independently as the indicator relies on record data from relevant entities.