Minister Bandar Alkhorayef announces sector’s non-oil GDP contribution reaches SR500 billion, with exports now spanning 150 countries.
RIYADH — Saudi Arabia’s industrial sector has significantly expanded its contribution to the Kingdom’s non-oil economy, reaching SR500 billion ($133.3 billion), Minister of Industry and Mineral Resources Bandar Alkhorayef announced.
Speaking at a government press conference, Alkhorayef detailed strategic gains achieved between 2018 and Q3 2025, underlining the sector’s robust growth. The minister revealed that SR180 billion ($48 billion) had been added to non-oil gross domestic product through industrial development.
A key driver of this growth is the national “mandatory list” for government procurement, which now includes 1,555 locally manufactured products, substantially boosting domestic purchasing.
On the global stage, Saudi industrial products now reach 150 countries, supported by export agreements worth SR5 billion facilitated through specialized export houses. Alkhorayef also highlighted the role of the export obstacles committee in resolving international market barriers.
Private sector involvement remains strong, with private industrial exports hitting SR217 billion in 2024, further underscoring the sector’s vitality as Saudi Arabia continues its economic diversification under Vision 2030.
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