As oil production rose, the Saudi Government’s Industrial Production Index (IPI) saw a 1% year-on-year increase, driven by mining and quarrying activities. Supported by Vision 2030, the manufacturing sector expanded through chemical and food production, advancing the country’s economic diversification. Non-oil activities surged, highlighting the government’s commitment to reducing dependence on oil and fostering industrial growth.
Additionally, despite a decline in petroleum product manufacturing, digital efforts and industrial infrastructure improvements contributed to steady growth in the electricity and gas sectors, reinforcing sustainable development in various industries.
