KSA population is 30.8m; 33% expats

Updated 31 January 2015
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KSA population is 30.8m; 33% expats

Saudi Arabia’s population stood at 30.8 million at the end of 2014, a 2.6 percent rise from 2013, according to data released by the Kingdom’s Central Department of Statistics and Information (CDSI).
There were 20.7 million Saudis, making up 67 percent of the population, while the number of foreigners stood at 10.1 million or 33 percent, according to an analysis conducted by the economics reporting unit of Al-Eqtisadiah newspaper.
The population had grown by 2.7 percent from 2012 to 2013, amounting to 29.2 million people. This consisted of 20.3 million Saudis and 9.7 million foreigners.
The CDSI said that the country’s Gross Domestic Product (GDP) stood at SR2.82 trillion at the end of 2014, while per capita GDP was SR91,700.
Per capita GDP had grown by 9 percent over the past 11 years, an annual increase of SR4,900.
The highest per capita GDP growth was between 2004 and 2005, when it grew by 23 percent, or from SR43,000 to SR52,800.
According to the analysis, per capita GDP dropped 19 percent between 2008 and 2009, from SR87,600 to SR63,400, as a result of the global financial crisis.
Al-Eqtisadiah had estimated that the Kingdom’s population would reach 37.2 million by the year 2020 based on the average annual growth rate over the past nine years.


Deals signed to build 10,000 housing units in Jeddah

The Ministry of Housing has launched 27,658 housing products across the Kingdom within its “sakani” (housing) program. (SPA)
Updated 16 August 2018
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Deals signed to build 10,000 housing units in Jeddah

  • The villas have different engineering as well as external and internal designs

JEDDAH: The Housing Ministry has signed two agreements with real estate development companies to build some 10,000 housing units in Jeddah for beneficiaries of the Sakani (My Home) program.
So far, 46 projects have been launched, offering 66,621 housing units — including villas, apartments and townhouses — at prices ranging from SR250,000 ($66,664) to SR750,000.
The housing units, which will have integrated services and public facilities, will be completed and given to beneficiaries within a maximum of three years.