RIYADH: Saudi Arabia’s industrial production jumped 8.9 percent in October from a year earlier, driven by higher oil output and broad gains across mining and manufacturing, official data showed.
According to a preliminary report from the General Authority for Statistics, the increase also reflects gains in electricity, gas and steam supply, as well as water, sewerage, waste management and remediation activities.
It also signaled steady month-on-month momentum, with the Industrial Production Index up 0.3 percent from September.
The latest industrial data reflects ongoing progress under Vision 2030, Saudi Arabia’s economic transformation plan aimed at diversifying growth and boosting industrial capacity.
The country’s economy expanded 4.8 percent in the third quarter compared with the same period in 2024, driven by gains in both oil and non-oil sectors.
