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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 Rose 1.6% in July

The General Authority for Statistics (GASTAT) data
The General Authority for Statistics (GASTAT) data
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GASTAT: Saudi Industrial Production Index Rose 1.6% in July

The General Authority for Statistics (GASTAT) data
The General Authority for Statistics (GASTAT) data

The General Authority for Statistics (GASTAT) in Saudi Arabia said on Tuesday that Industrial Production Index (IPI) rose by 1.6% in July this year compared to the same month in 2023.

The growth was attributed to heightened activity in the manufacturing industry, electricity, gas, steam, and air conditioning supply activities, as well as water supply, sewerage, waste management, and remediation activities, GASTAT said in a bulletin on the results of IPI for July 2024.

The report also highlighted a 4.6% increase in the sub-index for manufacturing activity compared to July 2023. Conversely, the sub-index for mining and quarrying activities decreased by 0.8% in July 2024.

The sub-index for electricity, gas, steam, and air conditioning supply activity showed a notable 8.2% increase, while the sub-index for water supply, sewerage, waste management, and remediation activities saw a growth of 1.1% over July 2023.

Data revealed a 1.1% decrease in the index for oil activities in July 2024, along with an 8.2% increase in non-oil activities, compared to the same period the previous year.
IPI is an economic indicator that tracks the development and relative changes in the volume of industrial production quantities. This data is derived from the Industrial Production Survey, conducted among a sample of industrial establishments involved in mining, manufacturing, electricity and gas supply, water supply, sanitation, waste management, and remediation activities.