Saudi POS transactions hit $3.3bn on surge in home supplies spending  

Spending on furniture and home supplies reached SR609.46 million ($162 million), according to SAMA.
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Updated 25 September 2025
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Saudi POS transactions hit $3.3bn on surge in home supplies spending  

RIYADH: Spending on furniture and home supplies in Saudi Arabia saw a 22.5 percent surge during the week ending Sept. 20, keeping total point-of-sale transactions above the $3 billion mark. 

Transactions in the category reached SR609.46 million ($162 million), helping overall POS payments hit SR12.40 billion despite a 5.4 percent weekly decline, the Saudi Central Bank, also known as SAMA, said in its latest bulletin. 

The surge reflects rising demand in the housing market, which saw nearly 93,700 deals in the first half of 2025 — a 7 percent increase from a year earlier, according to Knight Frank.

The broader real estate sector also maintained steady growth in the second quarter, with residential property prices edging up 0.4 percent, data from the General Authority for Statistics showed. 

SAMA’s weekly bulletin showed spending on electronics and electrical devices came second overall, rising 6.8 percent to SR201.34 million. Jewelry sales climbed 10.8 percent to SR352.10 million, though the number of transactions dropped 3.5 percent to 271,000. 

The fourth positive change was seen in expenditure on construction materials. The category saw a 4.3 percent increase in spending to SR410.41 million, although this was alongsude a 5.5 percent decrease in terms of volume to 2.12 million. 

The education sector saw the largest decrease, dropping by 39.5 percent to SR172.63 million. Laundry services followed, dropping by 12.1 percent to SR43.49 million. 

In third place, the subcategory of books and stationery saw a 10.7 percent decrease to reach SR122.38million. 

Food and beverages — the sector with the biggest share of total POS value — recorded a 7.9 percent decrease to SR1.81 billion, while the restaurants and cafes sector saw a 7.8 percent decrease, totaling SR1.44 billion and claiming the second-biggest share of this week’s POS. 

Spending in gas stations claimed the third biggest share at SR955.70 million despite a 6.6 percent decline in transaction numbers. 

The top three categories accounted for approximately 33.98 percent of the week’s total POS payments, amounting to SR4.21 billion. 

Transportation and health saw a 3.6 percent and a 5.3 percent drop in expenses to SR931.91 million and SR829.53 million, respectively. A small decrease was seen in spending on public utilities and services at 1.3 percent to SR47.66 million. 

Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.49 billion, a 3.5 percent decrease from the previous week.  

Jeddah followed closely despite a 4.3 percent dip to SR1.77 billion, while Dammam ranked third, down 4.2 percent to SR635.82 million. 


Qatar, Brookfield launch $20bn AI infrastructure venture 

Updated 10 December 2025
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Qatar, Brookfield launch $20bn AI infrastructure venture 

JEDDAH: Qatar has partnered with Canada’s Brookfield to establish a $20 billion joint venture aimed at building advanced artificial intelligence infrastructure and positioning the Gulf state as a regional hub for next-generation computing. 

The venture, involving Qai — a subsidiary of Qatar Investment Authority — will invest in domestic and select international markets, the companies said in a statement. 

Under the partnership, the companies will provide capital and operational expertise to develop AI infrastructure in Qatar, including fully integrated AI facilities, supporting the country’s rapidly growing digital and AI ecosystem. 

Qatar has been steadily developing its AI ecosystem as part of its broader digital transformation and economic diversification strategy under the Qatar National Vision 2030. 

In February 2024, the country launched its Digital Agenda 2030 to position itself as a regional hub for AI and advanced digital technologies, creating an enabling environment for large-scale projects, research, and strategic investment. 

Mohammed Saif Al-Sowaidi, CEO of QIA, said: “QIA has been at the forefront of driving advancement though our AI investments. This joint venture is testament to QIA’s commitment to delivering both local and global impact.” 

He added: “Leveraging on the long-term partnership we have with Brookfield, this JV will advance Qatar’s National Vision 2030 and help build a diversified, innovation-based economy for future generations.” 

Among the plans is an Integrated Compute Center which will widen regional access to high-performance computing and support the rollout of trusted AI technologies across key sectors.

 Brookfield plans to invest through its recently launched Artificial Intelligence Infrastructure Fund, with the Qai partnership forming a key part of a broader global AI infrastructure program that aims to mobilize up to $100 billion worldwide. 

“We are thrilled to assist Qatar in establishing this investment in next generation AI and digital infrastructure alongside Qai. As our inaugural AI infrastructure investment in the Middle East, this partnership combines Qatar’s strategic vision with Brookfield’s global expertise in developing and operating large-scale, mission-critical infrastructure with global partners,” said Bruce Flatt, CEO of Brookfield. 

He added: “Together, we look forward to building an integrated AI ecosystem that will accelerate innovation, deepen regional capability, and support the responsible deployment of advanced AI technologies across the Middle East.” 

Abdulla Al-Misnad, chairman of Qai, said the partnership with Brookfield represents a key milestone in Qatar’s journey to develop world-class AI infrastructure and capabilities. 

“By leveraging Brookfield’s expertise in developing and managing critical infrastructure alongside Qais’ mission to deliver trusted AI solutions, we are creating a robust platform to drive responsible AI adoption,” he added. 

Al-Misnad further emphasized that the collaboration would attract investment and top-tier talent while reinforcing Qatar’s position as a trusted hub for advanced digital technologies regionally and globally.