RIYADH: Saudi Arabia’s Operating Revenue Index rose 11.4 percent year on year in May, driven by strong gains in mining and manufacturing, in the latest sign that business activity remained resilient.
Data released by the General Authority for Statistics showed mining and quarrying activities recorded the strongest annual increase at 38.7 percent, followed by manufacturing at 9.6 percent.
Financial and insurance activities also posted strong annual growth of 12.9 percent, followed by wholesale and retail trade, including repair of motor vehicles, at 3.6 percent, and construction activities at 2.5 percent.
These figures underscore continued momentum across Saudi Arabia’s business sector as the Kingdom advances its Vision 2030 economic diversification agenda.
GASTAT said in June that the Kingdom’s real gross domestic product expanded by 3 percent year on year in the first quarter of 2026, driven by 2.9 percent growth in both oil and non-oil activities, underscoring the broad-based nature of the recovery.
