RIYADH: The Saudi Authority for Industrial Cities and Technology Zones (MODON) plans to increase educational facilities and jobs in industrial cities.
MODON has signed a framework agreement for a strategic partnership with Public Investment Fund (PIF) fully-owned company, and the executing arm of the Ministry of Educations' projects, TBC Building Development Company for this matter, Al Eqtisadiah reported.
The agreement stipulates assigning a land investment management affiliated to MODON to TBC, which has sufficient experience in the field of investment management for educational facilities throughout the Kingdom.
TBC Building Development Company will manage the investment of the lands entrusted to it by MODON, under this agreement, by contracting with investors to establish and operate educational facilities, in accordance with the architectural and operational standards approved by the Ministry of Education.
Modon, PIF-owned TBC agreement indicates education and jobs boost for industrial cities
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Modon, PIF-owned TBC agreement indicates education and jobs boost for industrial cities
Saudi industrial output rises 8.9% in December: GASTAT
RIYADH: Saudi Arabia’s industrial production rose 8.9 percent in December from a year earlier, driven by stronger mining and manufacturing activity, signaling continued momentum in the Kingdom’s non-oil and energy sectors.
The Industrial Production Index reached 113.6 in December, up from 104.3 a year earlier, the General Authority for Statistics said.
The latest IPI figures underscore continued momentum in the Kingdom’s industrial sector as Saudi Arabia pursues economic diversification under its Vision 2030 agenda.
In its latest report, GASTAT stated: “Preliminary results indicate an increase of 8.9 percent in the IPOI in December 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.”
Mining and quarrying activity — the largest component of the index — increased 13.2 percent year on year after Saudi Arabia raised oil production to 10.1 million barrels per day from 8.9 million bpd a year earlier. Manufacturing expanded 3.2 percent, supported by a 13.4 percent rise in chemicals output and a 7.3 percent increase in food production.
The sub-index of electricity, gas, steam and air-conditioning supply activity recorded an annual decrease of 2.5 percent.
The sub-index of water supply, sewerage and waste management and remediation activities increased 9.4 percent.
Compared to November, Saudi Arabia’s IPI recorded a marginal decline of 0.1 percent.
On a monthly basis, the sub-index of mining and quarrying activity increased 0.3 percent.
Manufacturing activities also rose 0.3 percent in December compared to the previous month, driven by a 2.8 percent increase in the manufacture of chemicals and chemical products.
Compared to November, the manufacture of food products increased 9.6 percent in December.
Overall, the index of oil activities advanced 10.1 percent year on year in December, while non-oil activities increased 5.8 percent.
Compared to November, oil activities decreased 0.3 percent, while non-oil activities increased 0.4 percent.
The IPI measures changes in industrial output based on the International Standard Industrial Classification framework and covers mining, manufacturing, utilities and waste management sectors.
