Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital.
Saudi Arabia's real estate transaction volumes edged higher in the second quarter from the previous three months, although activity remained weak compared to Q1, said a report. The residential deal volumes fell 21% over last year led by declines in Riyadh, Jeddah and Madinah.
Saudi Arabia's banking sector saw a slowing of credit growth in February to +0.5% month-on-month (+9.6% y-o-y), vs 0.7% m-o-m in January 2026 and average 0.9% m-o-m in 2025.
Saudi Arabia's bank credit growth slowed to 0.7% month-on-month in January, below the 1.2% average expansion typically seen in the month over the past four years, said a report. Retail lending surged by 5.1% year-on-year, outpacing corporate lending, which increased 14.9% from a year earlier.
Cement sales volumes across the Kingdom of Saudi Arabia fell in December on both an annual and monthly basis, reflecting softer demand at year-end, although full-year volumes still posted strong growth driven by gains from leading producers, said a report.
