Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s reserves at SAMA saw a 2.8 percent YoY rise to SAR1.69 trillion ($450.31 billion) in November. Special drawing rights declined to SAR77.5 billion ($20.7 billion), a slight decrease of 0.8 percent, accounting for 4.6 percent of Saudi Arabia’s total reserves.
- Saudi Arabia’s holdings in U.S. treasuries reached SAR508.5 billion ($135.6 billion) in November, representing a marginal decline of 2.58 percent MoM. The Kingdom’s holdings in U.S. treasuries stood at SAR522 billion ($139.2 billion) in October, while it was SAR539.6 billion ($143.9 billion) and SAR535.5 billion ($142.8 billion) in September and August, respectively.
- The Kingdom’s real estate price index increased by 3.6 percent YoY. The growth was primarily driven by the residential real estate sector, which recorded a 3.1 percent rise YoY.
