Allbet

Saudi Arabia booming and this time it isn’t only about oil

Allbet登录网址 2022年08月30日 社会 8 0

新2备用网址www.hg108.vip)是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。

RIYADH: The more than 300 apartments in Abdulsalam Almajed’s new Riyadh complex sold in just a month for cash, without him even having to advertise.

This is Saudi Arabia, the world’s biggest exporter of oil, so it’s no surprise the property market is red-hot as income from a spike in energy prices flows through the economy.

But Almajed says the scramble for the one million-riyal (US$266,400 or RM1.2mil) homes reflects something else, too: the social and economic shift that’s reshaping the kingdom, accelerated by the crown prince’s overhaul programme.

“There’s a change in mindset,” said Almajed, who heads family-owned developer Almajdiah Residence, as some Saudis embrace the more open style of living his firm caters to. “Today there’s beautiful creativity in Saudi designs.”

While de facto ruler Mohammed Salman has centralised power and increased political repression since being elevated by his father, King Salman, in 2015, he’s also ended or relaxed restrictions on entertainment and how men and women can mix, and is trying to curb a reliance on oil.

,

足球免费贴士网www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

Ten years ago, many property owners wouldn’t even rent to women, who needed approval of a male guardian for many life decisions.

Today, women are entering the labour market in greater numbers, and 30% of Almajdiah’s buyers are female, acquiring investment properties or a home of their own.

They’re helping lift an economy transformed by energy markets. As much of the world is fretting about spiraling inflation fuelled by Russia’s war in Ukraine and potential recessions, oil averaging more than US$100 (RM445) a barrel this year means Saudi Arabia’s economy is the fastest growing in the Group of 20.

Gross domestic product expanded 11.8% in the second quarter, when the non-oil economy grew 5.4% and is now larger than at the end of 2019, before the pandemic struck.

State energy company Saudi Aramco has reported the biggest quarterly adjusted profit of any listed company globally.

Billions of dollars are flowing into Saudi coffers and raising state investments, boosting sentiment in a private sector reliant on government contracts. — Bloomberg


转载说明:本文转载自Sunbet。 Allbet声明:该文看法仅代表作者自己,与www.allbetgame.us无关。转载请注明:Saudi Arabia booming and this time it isn’t only about oil
发布评论

分享到:

欧博Allbet(www.allbet8.vip):Private label ousting big brands as cost of living spectre grows
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。