Saudi Arabia's Industrial Production Index (IPI) rose by 1% in August compared to the same period last year, driven primarily by growth in mining and quarrying activities. Official data from the General Authority for Statistics (GASTAT) revealed that mining and quarrying expanded by 0.8%, with the Kingdom’s oil production increasing to 8.99 million barrels per day, up from 8.92 million bpd the previous year. This growth brought the IPI to 105 points, underscoring steady industrial progress as part of Saudi Arabia’s broader economic expansion under Vision 2030.

The manufacturing sector also saw notable gains, with an overall increase of 1.1% year on year. Significant contributors included the chemical manufacturing sector, which rose by 2.9%, and food production, which surged by 12.9%. However, there was a decline of 11.3% in the production of coke and refined petroleum products. Non-oil sectors experienced a notable 7% growth in comparison to July, while oil-related output dropped by 1.4%, reflecting the Kingdom's efforts to reduce dependency on oil revenues and diversify its economy.