The industrial production index in Saudi Arabia recorded a remarkable growth of 8.9% during last October compared to the same period of the previous year, according to the latest data issued by the General Authority for Statistics yesterday (Wednesday).
These positive figures reflect the continued momentum in vital industrial sectors, as detailed data showed that the main driver of this rise was mining and quarrying activity , whose sub-index jumped by 11.5% , followed by manufacturing activity , which recorded growth of 5.5% compared to October 2024.
Performance of sub-sectors and support services
Growth was not limited to core activities but extended to the services and utilities sectors, indicating an expansion in both industrial and residential demand. The electricity, gas, steam, and air conditioning supply rose by 5.1% . Similarly, water supply, sewerage, waste management, and remediation remarkable growth of 8.5% .
Regarding the economic classification of activities, the data showed that the oil activities by 10.8% , while non-oil activities their upward trend, recording an increase of 4.4% , which reflects the success of economic diversification policies.
Growth indicators in the context of Vision 2030
This rise in the industrial production index takes on particular significance when viewed within the context of Saudi Vision 2030 , specifically the National Industrial Development and Logistics Program (NIDLP). The continued growth of manufacturing and non-oil activities is a strong indicator of the Kingdom's success in reducing its overall dependence on crude oil and its move towards maximizing the added value of its natural resources.
The significant growth in the mining sector (11.5%) also confirms the feasibility of government strategies aimed at making mining the third pillar of Saudi industry alongside oil and petrochemicals, by exploiting the enormous mineral wealth that abounds in the Kingdom’s lands.
The importance of the index and its economic impact
The Industrial Production Index (IPI) is one of the most important economic indicators, tracking relative changes in the volume of industrial production. Its significance lies in its ability to reflect the real economy, as it is closely linked to the Gross Domestic Product (GDP).
In issuing this monthly report, the General Authority for Statistics relies on data from the Industrial Production Survey, which covers a wide sample of establishments operating in the targeted activities, making it a reliable reference for investors and decision-makers locally and internationally to assess economic performance and identify future investment opportunities in the Saudi market.
