The Ministry of Energy announced that Saudi Arabia plans to prolong its one million barrels per day voluntary production cut, initiated in July 2023, until the end of the first quarter in 2024.
The launch took place during the Saudi Proptech Summit in Riyadh, where the National Real Estate Registration Services Company (Real Estate Registry — RER) actively participates. The summit aims to disseminate knowledge in the Saudi real estate market and boost investments in the Kingdom.