• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In

Weekly Market Brief – 5/6/2022

May 9, 2022 Weekly Market Briefs

Saudi Arabia Macroeconomic Developments

  • The Saudi Central Bank (SAMA) raised key interest rates by 50 basis points following the same move from the U.S. Federal Reserve. Saudi Arabia’s repo rate and reverse repo rates rose to 1.75 percent and 1.25 percent, respectively.

 

  • New residential mortgage financing in Saudi Arabia jumped 74 percent MoM in March to reach SAR15.3 billion ($4.1 billion), the highest level since May 2021. The average mortgage size was SAR804K ($214K). Mortgage financing for land rose the fastest (+562 percent) while financing for apartments (+97 percent) and houses (+35 percent) also increased.

 

  • Saudi Arabia’s private sector non-oil economy continued to improve in April. New orders and output rose while purchasing and inventory growth continued to strengthen. The S&P Global’s Purchasing Managers’ Index (PMI) registered 55.7 points, down slightly from 56.8 points last month but well above the 50-point threshold separating growth from contraction. Forward-looking business confidence was down slightly on raw material price concerns.

 

 Subscribe and Save – $62/month

Click here to Subscribe for Free to view this content.

Already a member? Log in here
Share
0

You also might be interested in

NEOM Selects Parsons for OXAGON Project Management

NEOM Selects Parsons for OXAGON Project Management

Feb 8, 2022

Parsons Corporation has been awarded a contract by NEOM to[...]

Partner Webinar: Investment Opportunities in Expanding F&B and Food Processing Sectors

Partner Webinar: Investment Opportunities in Expanding F&B and Food Processing Sectors

Sep 8, 2020

Wednesday, September 9, 20201:00 pm KSA timeREGISTERJoin Ministry of Investment[...]

Saudi Arabia’s Water Sector 2022

Saudi Arabia’s Water Sector 2022

Feb 28, 2022

Recent reforms in Saudi Arabia have led to a significant[...]

  • About Us
  • Membership
  • Visa Services
  • Events & Programs
  • Advisory Services
  • Resources
  • Store

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
P.O. Box: 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next