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Saudi Arabia Outperforms Goals Outlined in Vision 2030

Saudi Arabia has outperformed some of the goals outlined in Vision 2030, such as female workforce participation which increased to 36 percent, ahead of the 2030 target of 30 percent, according to a recent report by PwC Middle East. The Kingdom’s economic diversification plans are beginning to bear fruit across various sectors, the report said, with the share of the non-oil economy reaching 59 percent, and non-oil GDP increasing in 2022 by 15 percent in actual terms and 28 percent in nominal terms, compared to the pre-Vision baseline. ....

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Saudi tourism sector recovering fast amid global economic uncertainties: PwC Middle East

RIYADH: Amid global economic uncertainties triggered by high inflation, geopolitical tensions, and rising interest rates, Saudi Arabia’s tourism sector is quickly recovering, according to professional services network firm PwC Middle East. In its latest report, PwC Middle East revealed that the Kingdom received almost 6 million visitors in the fourth quarter of 2022, up 47 ....

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Saudi property rental transactions for April rise 48% to 176K: Sakani

CAIRO: Saudi Arabia registered a 48 percent increase in property rental transactions to about 176,000 deals in April compared to the same month last year, according to the rental index report published by Sakani, a government agency that offers housing solutions. According to the report, residential rental deals increased 68 percent to 152,000 transactions in April compared to ....

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DIFC Academy collaborates with PwC's Academy to upskill UAE tax practitioners

DIFC Academy will offer the UAE Corporate Tax Diploma Programme in collaboration with PwC’s Academy, ....

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Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

RIYADH: Saudi families have received more support to own their homes after SR933 million ($248 million) was deposited into their Sakani accounts in April. The amount paid out by Saudi Arabia’s Real Estate Development Fund in conjunction with the Ministry of Municipal and Rural Affairs and Housing is in line with the Kingdom’s Vision 2030 goals which aim to provide adequate ....

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