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Saudi Industry Minister Visits Tanger Med Port in Morocco

The Saudi Minister of Industry and Mineral Resources has visited the Tanger Med Port Center in Morocco. SPA
The Saudi Minister of Industry and Mineral Resources has visited the Tanger Med Port Center in Morocco. SPA
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Saudi Industry Minister Visits Tanger Med Port in Morocco

The Saudi Minister of Industry and Mineral Resources has visited the Tanger Med Port Center in Morocco. SPA
The Saudi Minister of Industry and Mineral Resources has visited the Tanger Med Port Center in Morocco. SPA

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef has visited the Tanger Med Port Center in Morocco as part of efforts to enhance ties between the Kingdom and Morocco.

During the visit, Alkhorayef was briefed on the stages of container processing, as the port constitutes an important industrial and logistical platform for more than 1,200 companies in various activities, including cars, aircraft, and textiles, and handles about 9 million containers annually.

Alkhorayef toured the facility and saw the logistics services that facilitate international trade, given the port's strategic location.

The minister was accompanied by the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Eng. Khalid bin Saleh Al-Mudaifer, and the Saudi Ambassador to Morocco, Dr. Sami bin Abdullah Al-Saleh.

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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.