In December 2023, Saudi Arabia’s industrial landscape witnessed a 0.4 percent increase driven by its mining and quarrying sector, according to recent data from the General Authority for Statistics (GASTAT).
The mining and quarrying sector registered a 1.4 percent month-on-month increase in activity in December. According to GASTAT, this surge played a pivotal role in bolstering the overall industrial production for the month. However, compared to 2022, the sector saw a 14.3 percent decline. This is due to Saudi Arabia’s commitment to reducing oil output to 8.9 million barrels per day.
