Mining, manufacturing sectors drive Saudi industrial growth to 9.3%: GASTAT 

Manufacturing activity advanced 6.3 percent year on year. Shutterstock
Short Url
Updated 10 November 2025
Follow

Mining, manufacturing sectors drive Saudi industrial growth to 9.3%: GASTAT 

RIYADH: Saudi Arabia’s Industrial Production Index rose 9.3 percent year on year in September, driven by strong growth in manufacturing, mining, and quarrying, official data showed. 

According to preliminary figures from Saudi Arabia’s General Authority for Statistics, the Kingdom’s IPI advanced to 116.1 in September, up from 113.9 in August. 

The latest results highlight progress under Saudi Arabia’s Vision 2030 agenda, which seeks to diversify the economy and reduce dependence on crude revenues. 

The IPI measures changes in industrial output based on the International Standard Industrial Classification framework, covering mining, manufacturing, utilities, and waste management sectors. 

In its latest report, GASTAT stated: “Preliminary results indicate a 9.3 percent increase in the IPI in September 2025 compared to the same month of the previous year, supported by the rise in mining and quarrying activity, manufacturing activity, electricity, gas, steam, and air conditioning supply activity and water supply, sewerage and waste management and remediation activities.” 

The sub-index for mining and quarrying grew by 11 percent annually in September, supported by the Kingdom’s decision to raise oil production to 9.97 million barrels per day, compared with 8.97 million bpd a year earlier. 

Manufacturing activity advanced 6.3 percent year on year, driven by a 6 percent rise in the production of coke and refined petroleum products and a 9.2 percent increase in the manufacture of chemicals and related products. 

On a monthly basis, mining and quarrying activities increased by 2.5 percent. The manufacturing index edged up 1 percent, supported by a 1.6 percent rise in coke and refined petroleum production and a 6.9 percent jump in food manufacturing. 

Electricity, gas, steam, and air conditioning supply expanded 12.6 percent year on year, while water supply, sewerage, waste management, and remediation activities increased 9.2 percent over the same period but declined 2.3 percent compared to August. 

Overall, the oil activities index grew 10.1 percent in September from a year earlier, while non-oil activities rose 7.3 percent. Compared with August, oil activities were up 2.3 percent, and non-oil operations increased by 0.8 percent. 


Free trade negotiations between GCC, India mark new phase of partnership, says sec-gen

Updated 24 February 2026
Follow

Free trade negotiations between GCC, India mark new phase of partnership, says sec-gen

RIYADH: The Gulf Cooperation Council’s secretary-general affirmed that the negotiations for a free trade agreement between the GCC and India, and the signing of the joint statement, represents a new phase of strategic partnership.

Jasem Mohamed Al-Budaiwi said that this contributes to enhancing close cooperation and strengthening economic and trade ties, according to the Saudi Press Agency.

This came during the signing ceremony of the joint statement on launching the free trade agreement negotiations between the Al-Budaiwi and India’s Minister of Commerce and Industry, Piyush Goyal, which took place in New Delhi, on Tuesday.

During the signing ceremony, Al-Budaiwi said that the Terms of Reference, signed on Feb. 5, provide a comprehensive and clear framework for these negotiations. The two nations agreed to discuss enhancing cooperation in vital strategic areas, including trade in goods, customs procedures, and services.

Additionally, the framework covers Sanitary and Phytosanitary measures, intellectual property rights, cooperation on Micro, Small, and Medium Enterprises, along with other topics of mutual interest. This reflects the comprehensive nature of the agreement and its ability to keep pace with the future economy.

Al-Budaiwi expressed hope that these negotiations would lead to a comprehensive and ambitious free trade agreement that works to remove customs and non-customs barriers, enhance the flow of quality investments in both directions, and achieve further liberalization in trade and investment cooperation between the GCC and India for mutual benefit. 

This would provide a stimulating economic environment and an investment climate that opens broad horizons for the business sector, supports supply chains, and accelerates the pace of economic growth in line with the ambitious developmental visions of the GCC states. 

The top official affirmed the full readiness of the General Secretariat to host the first round of negotiations at its headquarters in Riyadh during the second half of this year.

The two sides held a meeting during which they reviewed the existing cooperation relations between the GCC and India and discussed ways to develop and elevate them to broader horizons, serving mutual interests and enhancing opportunities for strategic partnership between the two sides, particularly in the economic, investment, and trade fields.

They praised the role undertaken by the negotiating teams from both sides, appreciating the efforts contributing to reaching a comprehensive agreement that enhances economic integration and supports the smooth flow of trade between the two nations.