• 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 – 7/1/2022

July 4, 2022 Weekly Market Briefs

Saudi Arabia Macroeconomic Developments

  • The unemployment rate among Saudis was 10.1 percent in Q1 2022, down 1.6 percent YoY, according to the General Authority for Statistics (GAStat). The overall unemployment rate dropped to 6 percent in Q1. The unemployment rate of Saudi women stood at 20.2 percent in Q1, falling by 1 percentage point from last year.

 

  • Saudi Arabia’s non-oil private sector economy continued to strengthen in June as S&P Global’s PMI rose to 57 points from 55.7 points in May. The reading was the highest since October 2021, supported by rising demand and heightened business expectations. Notably, material and fuel price increases drove a 22-month high in cost pressures on private firms operating in the Kingdom.

 

  • Foreign direct investment (FDI) into Saudi Arabia rose 9.5 percent to reach SAR7.4 billion ($2 billion) in Q1 2022, according to the Ministry of Investment. Foreign investment flows in the Kingdom have quadrupled since the launch of Vision 2030, totaling SAR72 billion ($19.2 billion), with the U.S. ranking as the largest sovereign investor.

 

 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

U.S.-Saudi Business Council Partners with Ministry of Investment on Saudi Net-Zero Investment Forum

U.S.-Saudi Business Council Partners with Ministry of Investment on Saudi Net-Zero Investment Forum

Mar 27, 2023

The Saudi Net-Zero Petrochemicals & Conversion Industries Investment Forum 2023,[...]

5 مليارات ريال مشروعات قطاع الطاقة في الربع الأول

Aug 10, 2021

تَصدَّر قطاع الطاقة قيمة العقود التي جرى ترسيتها خلال الربع[...]

Saudi Aramco, Air Products and ACWA Announce Gasification & Power JV

Saudi Aramco, Air Products and ACWA Announce Gasification & Power JV

Aug 13, 2018

August 13, 2018 – Saudi Aramco, Air Products and ACWA[...]

  • 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
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