RIYADH — According to the program’s annual report, the National Industrial Development and Logistics Program (NIDLP) increased its share of Saudi Arabia’s non-oil GDP from SR949 billion in 2023 to SR986 billion in 2024, or 39% of the total. Last year, non-oil exports jumped to SR514 billion, a 13.2% rise over 2023. SR91 billion in re-exports (up 42%), SR207 billion in service exports (up 14%), and SR217 billion in non-oil commodity exports (up 4%).
Chemicals (SR78.5 billion), metals and goods (SR23.3 billion), food and beverages (SR10.5 billion), and electrical equipment (SR42.9 billion) were the leading export-generating industries. With 2.433 million people employed throughout NIDLP industries in 2024, the labor market demonstrated significant progress. According to the study, more than 508,000 new employment were created throughout the year, including 81,000 positions for Saudi nationals, 42,000 jobs for men, and 39,000 jobs for women.
Manufacturing, mining and quarrying, gas and electricity, and transportation and storage were major employers. In 2024, private sector investments were SR665 billion across all NIDLP sectors. The Saudi EXIM Bank offered SR69.14 billion in credit facilities, and the Saudi Industrial Development Fund authorized SR198 billion in total loans. There were 12,589 industrial firms in all, including 1,511 ready-built factories. Private investments in special economic zones and industrial cities totaled SR1.4 trillion.
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