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GASTAT publishes the Construction Cost Index in the Kingdom for June 2025
24-07-2025
The General Authority for Statistics (GASTAT) announced the release of the Construction Cost Index Publication in the Kingdom of Saudi Arabia, as part of its ongoing efforts to develop statistical products for vital sectors and to provide a reliable and effective reference with accurate estimates. This is based on a comprehensive analysis of raw material prices, labor wages, equipment and machinery rental costs, and energy costs. The publication also aims to unify estimates across various sectors to support decision-making by contractors, real estate developers, and relevant entities, and to contribute to shaping a clear roadmap for residential and non-residential construction projects within the building and construction sector.
In the same context, the results of the Construction Cost Index survey on a monthly basis showed price stability in June 2025 compared to May 2025. The costs of basic materials recorded a decline of 0.1%, driven by a 0.4% decrease in metal product prices.
According to the publication (June 2025), the Construction Cost Index increased by 1.1% compared to June 2024, influenced by a 1.2% rise in residential construction costs and a 1.0% increase in non-residential construction costs. This increase was mainly due to a 2.5% rise in equipment and machinery rental prices, and a 9.9% increase in energy costs, driven by a 27.3% surge in diesel fuel prices. Labor wages also rose by 2.4%, while the prices of basic materials declined by 0.7%. On a monthly basis, the index remained stable compared to May 2025.
It is worth noting that the Construction Cost Index Publication will be issued on a monthly basis. The index can be accessed through the official website of the General Authority for Statistics, which provides analytical reports and updated charts that enable decision-makers to track market changes and review publications, figures, and statistical indicators related to this sector.
GASTAT signs MoC with Project Management Institute in the Kingdom
21-07-2025
The General Authority for Statistics (GASTAT) has signed a Memorandum of Cooperation (MoC) with the Project Management Institute (PMI) in Saudi Arabia. Representing GASTAT, the MoC was signed by Mr. Rami bin Ahmed Ghurab, General Supervisor of Data and Partnerships and, Dr. Ibtisam Alqahtani, Vice President, represented PMI.
The MoC aims to enhance collaboration between the two entities, coordinate efforts in their respective fields, establish a general framework for joint activities and tasks, develop their institutional capabilities, and improve the efficiency and qualification of project management professionals through courses and training programs. Additionally, it seeks to foster integration between both parties to achieve their mutual objectives.
This initiative is part of GASTAT's efforts to strengthen its cooperation with various public and private sector institutions and entities. It also seeks to raise statistical awareness through effective local, regional, and international partnerships, keeping pace with current demands and realizing the future aspirations of the statistical sector.
GASTAT: Inflation rate in Saudi Arabia remains stable at 2.3% in June 2025
15-07-2025
The annual inflation rate in the Kingdom of Saudi Arabia recorded relative stability at 2.3% in June 2025 compared to the same month of the previous year. The Consumer Price Index (CPI) also remained stable at 0.2% in June 2025 compared to May 2025 on a monthly basis.
In the same context, the Wholesale Price Index (WPI) recorded relative stability at 2.1% year-on-year, while it declined by 0.1% compared to May2025.
It is worth noting that the Consumer Price Index (CPI) reflects changes in consumer prices for a fixed basket of goods and services consisting of 490 items. The selection was based on the 2018 Household Expenditure and Income Survey. Price data was gathered through field visits to retail outlets, and CPI statistics were published monthly in the Kingdom
GASTAT Capacity of renewable energy projects operated reaches 6,551 MW by the end of 2024
14-07-2025
The General Authority for Statistics released today the Renewable Energy Statistics Publication for the year 2024.The results of renewable energy statistics showed that five solar energy projects were operated in 2024, with a total capacity of 3,751 megawatts. By the end of 2024, the total number of operated renewable energy projects reached ten, nine of which were solar energy projects with a combined capacity of 6,151 megawatts, in addition to one wind energy project with a total capacity of 400 megawatts.
As of the end of 2024, the total investment volume in renewable energy projects reached approximately SAR 19.839 billion. This includes SAR 18.264 billion invested in solar energy projects and SAR 1.575 billion allocated to the wind energy project.
The results indicated that by the end of 2024, the number of housing units estimated to be supplied with electricity from renewable energy achieved approximately 1,140,800 housing units.
The Shuaiiba 1 Solar Power project recorded the lowest Levelized Cost of Energy (LCOE) in the Kingdom at 3.9 Saudi Halala per kilowatt-hour, compared to (LCOE) of other renewable energy projects, which ranged between 3.9 to 11.18 Saudi Halalas per kilowatt-hour.
It is worth noting that the Renewable Energy Statistics Publication presents data on renewable energy in the Kingdom of Saudi Arabia. The Ministry of Energy is the primary source of this data, which is available as a time series covering 2019–2024.
GASTAT publishes the Construction Cost Index in the Kingdom for June 2025
24-07-2025
The General Authority for Statistics (GASTAT) announced the release of the Construction Cost Index Publication in the Kingdom of Saudi Arabia, as part of its ongoing efforts to develop statistical products for vital sectors and to provide a reliable and effective reference with accurate estimates. This is based on a comprehensive analysis of raw material prices, labor wages, equipment and machinery rental costs, and energy costs. The publication also aims to unify estimates across various sectors to support decision-making by contractors, real estate developers, and relevant entities, and to contribute to shaping a clear roadmap for residential and non-residential construction projects within the building and construction sector.
In the same context, the results of the Construction Cost Index survey on a monthly basis showed price stability in June 2025 compared to May 2025. The costs of basic materials recorded a decline of 0.1%, driven by a 0.4% decrease in metal product prices.
According to the publication (June 2025), the Construction Cost Index increased by 1.1% compared to June 2024, influenced by a 1.2% rise in residential construction costs and a 1.0% increase in non-residential construction costs. This increase was mainly due to a 2.5% rise in equipment and machinery rental prices, and a 9.9% increase in energy costs, driven by a 27.3% surge in diesel fuel prices. Labor wages also rose by 2.4%, while the prices of basic materials declined by 0.7%. On a monthly basis, the index remained stable compared to May 2025.
It is worth noting that the Construction Cost Index Publication will be issued on a monthly basis. The index can be accessed through the official website of the General Authority for Statistics, which provides analytical reports and updated charts that enable decision-makers to track market changes and review publications, figures, and statistical indicators related to this sector.
GASTAT signs MoC with Project Management Institute in the Kingdom
21-07-2025
The General Authority for Statistics (GASTAT) has signed a Memorandum of Cooperation (MoC) with the Project Management Institute (PMI) in Saudi Arabia. Representing GASTAT, the MoC was signed by Mr. Rami bin Ahmed Ghurab, General Supervisor of Data and Partnerships and, Dr. Ibtisam Alqahtani, Vice President, represented PMI.
The MoC aims to enhance collaboration between the two entities, coordinate efforts in their respective fields, establish a general framework for joint activities and tasks, develop their institutional capabilities, and improve the efficiency and qualification of project management professionals through courses and training programs. Additionally, it seeks to foster integration between both parties to achieve their mutual objectives.
This initiative is part of GASTAT's efforts to strengthen its cooperation with various public and private sector institutions and entities. It also seeks to raise statistical awareness through effective local, regional, and international partnerships, keeping pace with current demands and realizing the future aspirations of the statistical sector.
GASTAT: Inflation rate in Saudi Arabia remains stable at 2.3% in June 2025
15-07-2025
The annual inflation rate in the Kingdom of Saudi Arabia recorded relative stability at 2.3% in June 2025 compared to the same month of the previous year. The Consumer Price Index (CPI) also remained stable at 0.2% in June 2025 compared to May 2025 on a monthly basis.
In the same context, the Wholesale Price Index (WPI) recorded relative stability at 2.1% year-on-year, while it declined by 0.1% compared to May2025.
It is worth noting that the Consumer Price Index (CPI) reflects changes in consumer prices for a fixed basket of goods and services consisting of 490 items. The selection was based on the 2018 Household Expenditure and Income Survey. Price data was gathered through field visits to retail outlets, and CPI statistics were published monthly in the Kingdom
GASTAT Capacity of renewable energy projects operated reaches 6,551 MW by the end of 2024
14-07-2025
The General Authority for Statistics released today the Renewable Energy Statistics Publication for the year 2024.The results of renewable energy statistics showed that five solar energy projects were operated in 2024, with a total capacity of 3,751 megawatts. By the end of 2024, the total number of operated renewable energy projects reached ten, nine of which were solar energy projects with a combined capacity of 6,151 megawatts, in addition to one wind energy project with a total capacity of 400 megawatts.
As of the end of 2024, the total investment volume in renewable energy projects reached approximately SAR 19.839 billion. This includes SAR 18.264 billion invested in solar energy projects and SAR 1.575 billion allocated to the wind energy project.
The results indicated that by the end of 2024, the number of housing units estimated to be supplied with electricity from renewable energy achieved approximately 1,140,800 housing units.
The Shuaiiba 1 Solar Power project recorded the lowest Levelized Cost of Energy (LCOE) in the Kingdom at 3.9 Saudi Halala per kilowatt-hour, compared to (LCOE) of other renewable energy projects, which ranged between 3.9 to 11.18 Saudi Halalas per kilowatt-hour.
It is worth noting that the Renewable Energy Statistics Publication presents data on renewable energy in the Kingdom of Saudi Arabia. The Ministry of Energy is the primary source of this data, which is available as a time series covering 2019–2024.