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18/12/2025 03:44 AST
Saudi Arabia's industrial sector has added SR180 billion ($47.98 billion) to non-oil gross domestic product, bringing its total contribution to SR500 billion, the minister of industry and mineral resources said.
Speaking at a government press conference, Bandar Alkhorayef outlined key local content achievements from 2018 through the third quarter of 2025, highlighting a series of strategic gains driving the Kingdom's industrial transformation.
Alkhorayef said Saudi industrial products now reach 150 countries worldwide, supported by export agreements worth SR5 billion concluded through specialized export houses.
A central policy supporting domestic procurement is the mandatory list, which now includes 1,555 locally manufactured products. The initiative has significantly increased government purchasing from the national industrial sector, the minister said.
He also underscored the role of the export obstacles committee in safeguarding international expansion, noting that it monitors and addresses barriers preventing Saudi products from accessing global markets.
Highlighting the private sector's contribution, Alkhorayef added that private industrial exports reached SR217 billion in 2024.
Arab News
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18/12/2025
Dubai's annual inflation rate slowed to 2.7 percent in November, down from 3.4 percent in the previous month, according to official data released by Dubai Statistical Center.
The main cause
Arab News
18/12/2025
The Sultanate of Oman's National Halal System Task Force convened for its third meeting to review progress on the development and launch of the integrated framework, a key initiative aimed at enhanci
ONA
18/12/2025
The Oman Sovereign Sukuk Company, acting on behalf of the Government of the Sultanate of Oman through the Ministry of Finance, has announced the launch of the 10th issuance of local sovereign sukuk.
Muscat Daily
18/12/2025
The Eastern Province is expected to witness the implementation of more than 650 tourism projects valued at over SAR12.7 billion (approximately $3.39 billion).
With the addition of investment
Asharq Al Awsat
18/12/2025
Saudi Arabia's National Debt Management Center has raised SR7.01 billion ($1.87 billion) through its December sukuk issuance.
According to the statement issued by the center, the issuances w
Arab News
Financial Information Co.
Saudi Arabia