Strong annual and monthly growth in mining, manufacturing, and utilities reflects sustained diversification momentum under Vision 2030, with oil production topping 10 million barrels per day.
RIYADH — Saudi Arabia’s industrial sector saw robust growth in October, with production climbing 8.9% compared to the same month last year, according to preliminary data released by the General Authority for Statistics (GASTAT).
The increase was driven by a significant rise in oil output and broad-based gains across manufacturing and utilities, underscoring the Kingdom’s continued economic expansion amid its diversification push.
On a monthly basis, the Industrial Production Index rose by 0.3% from September, signaling steady momentum.
The report highlighted an 11.5% annual rise in mining and quarrying activity, largely attributed to increased crude oil production, which reached 10 million barrels per day in October — up from 8.9 million barrels per day in October 2024.
Manufacturing activity also grew strongly, posting a 5.5% annual increase. Key contributors included refined petroleum products, which rose 8%, and chemicals and chemical products, up 8.1%. Month-on-month manufacturing activity advanced 0.9%.
Electricity, gas, and air conditioning supply rose 5.1% year-on-year, while water supply, sewerage, waste management, and remediation activities jumped 8.5%.
The latest figures align with Saudi Arabia’s broader economic performance. The economy grew 4.8% in the third quarter of 2025, supported by both oil and non-oil sectors, and reflects ongoing progress under Vision 2030, the Kingdom’s long-term economic transformation agenda.
International institutions have taken note of the positive trajectory. Earlier this month, the World Bank revised its 2025 growth forecast for Saudi Arabia upward to 3.8%, while the International Monetary Fund in October projected growth of 4% for both 2025 and 2026.
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