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Saudi Industrial Production Index Increases in August

GASTAT released its Industrial Production Index (IPI) report for August 2024. SPA
GASTAT released its Industrial Production Index (IPI) report for August 2024. SPA
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Saudi Industrial Production Index Increases in August

GASTAT released its Industrial Production Index (IPI) report for August 2024. SPA
GASTAT released its Industrial Production Index (IPI) report for August 2024. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) has released its Industrial Production Index (IPI) report, revealing a 1.0% increase in IPI during August 2024 compared to the same month in 2023.

This growth was primarily driven by increased activity in mining and quarrying, manufacturing, and electricity, gas, steam, and air conditioning supply.

While oil activities saw a slight decline of 1.4% in August 2024 compared to the same month in 2023, the non-oil activities index experienced a significant surge of 7.0% compared to the previous year.

GASTAT regularly publishes various statistical products related to the industrial sector.

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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.