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Saudi Economy Minister, World Bank Review Kingdom’s Economic Reforms

The meeting in Riyadh discussed a number of issues, including ways to enhance cooperation and strategic partnership between Saudi Arabia and the World Bank. SPA
The meeting in Riyadh discussed a number of issues, including ways to enhance cooperation and strategic partnership between Saudi Arabia and the World Bank. SPA
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Saudi Economy Minister, World Bank Review Kingdom’s Economic Reforms

The meeting in Riyadh discussed a number of issues, including ways to enhance cooperation and strategic partnership between Saudi Arabia and the World Bank. SPA
The meeting in Riyadh discussed a number of issues, including ways to enhance cooperation and strategic partnership between Saudi Arabia and the World Bank. SPA

Saudi Minister of Economy and Planning Faisal bin Fadhil Alibrahim has met with the delegation of the Executive Council of the World Bank Group, which is on a visit to the Kingdom.

Thursday’s meeting discussed a number of issues, including ways to enhance cooperation and strategic partnership between Saudi Arabia and the World Bank.

It also reviewed the economic reforms and transformations the Kingdom is witnessing under the Saudi Vision 2030 and its support to development banks affiliated with the group in developing countries.

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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.