RIYADH: Saudi Arabia’s industrial production expanded 1.5 percent year on year in May, driven by growth in mining, quarrying, and manufacturing activities, official data showed.
The Industrial Production Index reached 108.8 in May, rising 2.5 percent from April, according to preliminary figures from the General Authority for Statistics.
The latest IPI figure, reflecting continued growth in the manufacturing sector, underscores Saudi Arabia’s progress in its economic diversification efforts aimed at reducing its decades-long reliance on crude revenues.
In its latest release, GASTAT stated: “Preliminary results indicate a 1.5 percent increase in the Industrial Production Index in May 2025 compared to the same month of the previous year, supported by the rise in mining and quarrying activity, manufacturing activity and water supply, sewerage and waste management and remediation activities.”
The release further added that the index of oil activities saw an annual rise of 0.5 percent in May, while non-oil activities increased by 3.8 percent.
