海角直播

海角直播鈥檚 non-oil industrial production up 5.3% in 2024: GASTAT

海角直播鈥檚 non-oil industrial production up 5.3% in 2024: GASTAT
The manufacture of chemicals and chemical products rose by 2.9 percent. Getty
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Updated 25 June 2025

海角直播鈥檚 non-oil industrial production up 5.3% in 2024: GASTAT

海角直播鈥檚 non-oil industrial production up 5.3% in 2024: GASTAT
  • Industrial Production Index declined 2.3%, driven by 5.2% contraction in oil-related activities
  • Mining and quarrying sector, which includes oil extraction, saw decline of 6.8%

RIYADH: 海角直播鈥檚 non-oil industrial activities posted robust growth of 5.3 percent in 2024, highlighting the success of the Kingdom鈥檚 economic diversification efforts under Vision 2030.

The overall Industrial Production Index however declined by 2.3 percent, driven primarily by a 5.2 percent contraction in oil-related activities, according to the latest report from the General Authority for Statistics.

海角直播鈥檚 growing non-oil industrial output reflects progress in diversifying revenue and jobs beyond oil, a key Vision 2030 goal.聽

Reforms such as easier licensing, tax incentives, and mega projects are driving growth in manufacturing, logistics, and technology. While oil remains volatile, the expansion is showing early success in the private sector, driven by growth in foreign direct investment.

During the Davos Conference in January, Saudi Minister of Economy and Planning Faisal Al-Ibrahim said that the non-oil economy is expected to grow by 4.8 percent this year.

The latest figures from GASTAT show that manufacturing played a pivotal role in driving growth in 2024, recording a 4.7 percent annual increase. Food production expanded by 6.2 percent, while the manufacture of chemicals and chemical products,, and coke and refined petroleum goods increased by 2.8 percent.




Manufacturing played a pivotal role in driving growth in 2024, recording a 4.7 percent annual increase. File/SPA

The mining and quarrying sector, which includes oil extraction, saw a decline of 6.8 percent in 2024. This drop offsets gains in other areas, pulling the overall IPI into negative territory for the year.

The report also revealed positive trends in utilities and infrastructure-related sectors. Electricity, gas, steam, and air conditioning supply activities grew by 3.5 percent, while water supply, sewerage, and waste management services increased by 1.6 percent.聽

Saudi endeavors in non-oil exports

The Kingdom鈥檚 non-oil export sector has also seen impressive growth, reinforcing diversification efforts.

According to official聽 data released in April, 海角直播鈥檚 non-oil exports reached SR515 billion ($137 billion) in 2024, a 13 percent increase from the previous year and a 113 percent rise since the launch of Vision 2030.

This expansion spanned all export sectors, with merchandise exports rising to SR217 billion, driven by petrochemical and non-petrochemical goods.

The Kingdom now exports to over 180 countries, with 37, including the UAE, France, and Indonesia, registering record imports, solidifying its role as a growing global trade hub.


鈥楢 Paperless Event鈥 鈥 the slogan of Saudi technology at the UN General Assembly for Tourism

鈥楢 Paperless Event鈥 鈥 the slogan of Saudi technology at the UN General Assembly for Tourism
Updated 07 November 2025

鈥楢 Paperless Event鈥 鈥 the slogan of Saudi technology at the UN General Assembly for Tourism

鈥楢 Paperless Event鈥 鈥 the slogan of Saudi technology at the UN General Assembly for Tourism

RIYADH: Papers are absent, and Saudi technology is present to say 鈥渁 paperless event鈥 at the UN General Assembly meetings for the tourism sector, which will be held in Riyadh, with the participation of more than 100 ministers from around the world, Al-Eqtisadiah reports.

The assembly meetings are set amidst natural green plants cultivated in the Saudi desert, surrounding the roundtable that will bring the ministers together. They will chart their plan and vision for the next 50 years, discuss the use of artificial intelligence in the global tourism sector, and ensure the human element is not marginalized.

Sara Al-Saud, the general supervisor of International Affairs for the Saudi Ministry of Tourism, said that 鈥渢here is a shortage of an estimated 43 million workers in the global tourism sector.鈥

She clarified that the topic of AI will be one of the subjects discussed by the over 100 ministers, in addition to shaping the Assembly鈥檚 vision for the next 50 years.

She added that the Assembly meetings are expected to witness the signing of memorandums of understanding and agreements during the event, alongside a number of recommendations that will be announced in due course.

For his part, Ahmed Al-Ghamdi, the director-general of International Research and Planning, emphasized that the human element is very important in the tourism sector, and that artificial intelligence significantly helps small and medium enterprises improve their service quality and customer experience.

The Executive Director of UN Tourism, Natalia Bayona, explained that the global tourism sector is the largest employer of youth, with 60 percent of them working with AI. She added that many tourists worldwide use AI to explore tourist destinations.

Consequently, a survey was conducted with member states to ascertain if they have local AI strategies and to identify what support could be offered to develop the mechanism, especially since the tourism sector relies heavily on small and medium enterprises.

Globally, the tourism sector contributed 10 percent to the global gross domestic product in 2024, equivalent to $10.9 trillion, recording a growth rate of 8.5 percent compared to 2023, thereby surpassing pre-COVID-19 pandemic levels.

On the local front for the Saudi tourism sector, unprecedented levels were recorded in terms of visitor numbers, spending volume, job creation, and contribution to the GDP.

The direct and indirect contribution of the tourism sector to the GDP reached 11.5 percent in 2023. The International Monetary Fund predicts that the Saudi tourism sector will achieve a growth rate of 16 percent by 2034.