Saudi Arabia's industrial production declines 18.7% amid decrease in mining activity

The industrial production index in Saudi Arabia decreased by 18.7% in May 2026 compared to the same period last year, due to a decline in mining, quarrying, and manufacturing activities. On a monthly basis, the index increased by 3.2% compared to April, with the industrial sector continuing to expand through the issuance of 322 new licenses and the production of 188 factories, involving investments exceeding 12.33 billion Saudi riyals and creating more than 2,900 jobs.

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