Minister Bandar Alkhorayef cites major gains in local manufacturing and global trade since 2018, with private industrial exports hitting SR217 billion in 2024.
RIYADH — Saudi Arabia’s industrial sector has boosted its total contribution to non-oil GDP to SR500 billion ($133 billion), following a SR180 billion ($48 billion) increase, Minister of Industry and Mineral Resources Bandar Alkhorayef announced on Tuesday.
Speaking at a government press conference, Alkhorayef highlighted the sector’s strategic progress from 2018 through the third quarter of 2025, noting that Saudi-made industrial goods are now exported to 150 countries worldwide. This global reach has been supported by export agreements worth SR5 billion facilitated through specialized export houses.
A key driver of domestic industrial growth is the mandatory procurement list for government bodies, which now includes 1,555 locally manufactured products. This policy has substantially increased government sourcing from national industries.
Alkhorayef also emphasized the role of the government’s export obstacles committee, which works to identify and resolve trade barriers facing Saudi products in international markets.
The private sector has played a significant part in the sector’s expansion, with private industrial exports reaching SR217 billion in 2024 alone, reinforcing the Kingdom’s economic diversification under Vision 2030.
