GaStat: A Decline in the Real-Estate Price Indicator During the First Quarter of 2018
GaStat: A Decline in the Real-Estate Price Indicator During the First Quarter of 2018
On Monday, the 7th of Shaaban 1439H corresponding April 23, 2018, The General Authority for Statistics (GaStat) released the report of Real Estate Price index, Q1 2018. The report is published on GaStat official website www.stats.gov.sa.com .Furthermore, the indicator is based on the data records about real-estate’s transactions available at the Ministry of Justice, and it is an important tool to support economic and statistical decision makers regarding the changes of property prices and future forecasts during different periods of time.
According to the report, the real-estate price index has recorded a decline by (1.5%) compared to the same quarter of last year (Q1, 2017). The report attributed this decline to the decrease in the main sectors composing it: the housing sector (2.0%), the commercial sector (4.4%), and the agricultural sector (0.4%).
Moreover, the indicator edged down (0.5%) compared to the previous quarter (Q4 2017) reaching (84.2%) in the first quarter of 2018 compared to (84.6%) for the previous quarter. This decline can be attributed to the main sectors composing it where they witnessed varying degrees of decline: (0.7%) for the housing sector, (0.5%) for the commercial sector and (0.1%) for the agricultural sector.
It is worth mentioning that the indicator of the Real Estate Price index, which aims at founding outstanding real-estate statistical indicators that measure the performance of Saudi real-estate market and meeting the data needs in this sector, covers three main sectors consisting of several types of real estate: housing sector which includes the following (plot of land, building, villa, apartment and house), commercial sector includes (plot of land, building, exhibition, commercial center or shop), agricultural sector with one category which is the agricultural land.
The kingdom concludes its participation in the 7th meeting for the participated international organizations and the experts team of the sustainable development goals’ indicators
The General Authority for Statistics (GaStat) is the responsible entity for building indicators of the Kingdom's sustainable development goals
The kingdom concludes its participation in the 7th meeting for the participated international organizations and the experts team of the sustainable development goals’ indicators
The kingdom concludes its participation in the 7th meeting for the participated international organizations and the experts team of the sustainable development goals’ indicators. This meeting was hosted by the United Nations Industrial Development Organization (UNIDO) between 9-13 of April to review the classifications of the sustainable development goals, discuss the implementation of the guidelines of data flow, report the global data, document the best practices in reporting the global data, and to review a number of suggestions to obtain additional indicators for the sustainable development.
The president of GaStat, HE Dr.Fahad bin Sulaiman AL-Tekhaifi , who headed the Saudi delegation participating in the meetings, affirmed that Saudi Arabia is one of the countries that made significant progress in achieving the goals of the sustainable development, since that GaStat is the official entity responsible for building indicators of sustainable development in accordance with the governance of the work of statistical entities accredited to all countries to enable access to data of the index production. And that is through making a plan to collect the data of the index production whether by the implemented surveys, implementing new surveys, adding new questions to the existing surveys, or through the administrative records. in addition, identifying the government entities that produce data related to those indicators and follow-up the international and regional work of the sustainable development goals in particular and other development goals in general. HE added that GaStat has the membership of the regional committee which includes the Standing Committee for Progress Indicators and Sustainability 2030 of the GCC statistical centre. GaStat has also examined the current situation of the sustainable development goals 2030, identified its sources and availability in the Kingdom, as well as its periodicity, coverage and classification.
It is worth mentioning that The United Nations General Assembly in partnership with the member countries, international organizations and civil society have identified (17) goals, (169) purposes and more than (2440 indicators for the sustainable development, and have also established the Inter-Agency Expert Group for the Indicators of Sustainable Development Goals (IAEG-SDGs) on 6 March 2015, which is composed of member countries, including regional and international agencies. The Kingdom of Saudi Arabia, represented by GaStat, participates in all meetings of committees and organizations related to sustainable development.
GaStat is stressing on the importance of the second symposium of the Saudi Association for Statistical Sciences
To be organized by King Khalid University on the 8th of Shaaban
GaStat is stressing on the importance of the second symposium of the Saudi Association for Statistical Sciences
The General Authority for Statistics (GaStat) is stressing on the significant role of the academic sector as it represents one of the four main components of the Saudi statistical sector, which consists also of GaStat, and the statistical units in the public and private sectors. The vice president of statistical innovation and customer service, Dr. Mohammed Alahmed said that the second symposium of the Saudi association for statistical sciences, which will be held on 8/8/1439 H, and organized by King Khalid University under the patronage of the president of King Khalid University, Dr. Falleh bin Raja Allah Al-Solamy, entitled “ The Role of Statistics in Big Data Revolution” is one of the plans that GaStat works on to activate the role of the academic sector including the universities, faculty members, and students. In this respect, he indicated that GaStat is implementing many projects and programs in cooperation with many universities for the purpose of involving the all statistical divisions in the future plan of statistics in Saudi Arabia.
It is worth mentioning that the second symposium of the Saudi association for statistical sciences which will involve a number of scientific lectures presented by some statisticians is considered a good opportunity for all those who are interested in statistics, so they can nominate themselves to the association’s board of directors through convening a general meeting which is preceded by a number of activities.
The Saudi association for statistical sciences was established at King Khalid University in 1425 H. it was established to achieve a clear vision through which the association can participate in developing the Saudi society. This association seeks to create means of communication between those specializing in statistics through convening and organizing seminars and conferences, in addition to building statistical software and technologies, working on new statistical teaching methods, and providing consultations and applied scientific studies for the public and private sectors. It also seeks to support and promote cooperation between researchers in different fields of the statistical sciences inside and outside the Kingdom.
Moreover, The Saudi association for statistical sciences seeks to apply its ambitious plan after restructuring its board of directors during the symposium. This plan is represented in holding international conferences and national seminars within the frame of its approach, which attempts to improve the scientific research in the field of statistics. The association also works on developing the statistical field and activating its role in the society. In addition, it seeks to achieve a scientific communication between its members, strengthen its relations with the universities and the other Saudi institutions, exchange the scientific production and ideas between the scientific authorities and institutions inside and outside Saudi Arabia, in addition to opening other branches of the association in some Saudi universities.
GaStat and KSU Establish National Observatory for Woman's Participation in Development (NOW)
To build detailed indicators that observe woman’s participation in development
GaStat and KSU Establish National Observatory for Woman's Participation in Development (NOW)
GaStat has signed a memorandum of understanding with King Saud University KSU as part of its policy to meet the needs of customers in the public and private sectors and to establish effective partnerships with all relevant parties, and as part of its attempts to provide innovative statistical products in accordance with international standards; in addition to its efforts to develop the necessary indicators for future and current needs. Moreover, the signing was within the agenda of the first conference of the National Observatory for Women (NOW) titled "The role of women in development towards a thriving economy" which will end on Thursday 19 of Rajab 1439H. The conference aims to evaluate and enhance the role of women in development as well as identifying detailed indicators for their participation in the development fields.
The memorandum was signed by GaStat and KSU with the presence of HE the Minister of Labor and Social Development. It seeks to a cooperation with the Authority within the scope of work of “NOW”; specifically, in building detailed indicators to observe those participations. It also aims to update the indicators periodically, prepare and implement statistical studies to support and improve woman’s participation in development. The memorandum also calls for unifying the efforts and data sources as well as maintaining the security and privacy of data; delivering them to decision makers and beneficiaries based on agreed standards. Additionally, the memorandum requires cooperation and integration between GaStat and NOW to provide electronic services through data exchange to serve the public interest and that is within the authorities of GaStat and NOW.
As a result, GaStat will provide NOW with the related statistical data to build the indicators of woman’s participation in development especially that increasing the woman’s participation is one of the objectives of the Kingdom’s vision 2030. The memorandum also indicates the cooperation between GaStat and NOW to exchange data as well as economic and development statistical indicators that support the work of NOW through (GSN).
On the other hand, the president of GaStat Dr.Fahad bin Sulaiman AL-Tekhaifi confirmed that signing the memorandum of understanding with KSU comes within the framework of GaStat to achieve the statistical transformation in the Kingdom and he also stressed on the importance of the partnership of the academic sector with government entities. Moreover, his excellency explained that NOW has appeared along with the transformations witnessed by the national economy from restructuring and building economic base that relies on diversity and optimal utilization of the great potentials of Saudi woman.
Dr.AL-Tekhaifi indicated that government entities are living in an exceptional stage of support with the availability of participatory tools for the development journey, and that NOW will deeply analyze the statistics related to woman’s participation in development in all its areas to support policy and decision makers.