Saudi Arabia: Growth in Industrial Production Amid Oil Recovery

SadaNews - The growth of industrial production in Saudi Arabia accelerated to 7.9% in June 2025, marking the highest rate of increase since the new calculation mechanism for the index was adopted in 2024, according to data from the General Authority for Statistics released today.

This performance was driven by a rise in oil activities, which increased by 7.7%, thanks to an increase in oil production in the Kingdom to 9.36 million barrels per day, in addition to a rise in non-oil activities by 8.6%.

This industrial momentum reflects broader developments in the energy market, as the "OPEC+" alliance approved accelerated production increases during the second quarter, exceeding the original plan that stipulated an addition of 137,000 barrels per day, with the rise reaching 411,000 barrels per day in May and June.

This is part of the alliance's efforts, led by Saudi Arabia, to regain the market share that it lost to competitors during the period when it curtailed its supplies to maintain balance between supply and demand in the market, with Saudi Arabia having the largest share of these supplies.

As for the growth in non-oil activities, it reflects the results of the national industrial strategy, which focuses on developing advanced industrial sectors that contribute to achieving the goals of "Vision 2030," aimed at diversifying the economic base and reducing dependence on oil as a primary source of revenue.