Kingdom's May revenue up 11.4%
Saudi Arabia recorded an 11.4% increase in the record-high operational revenues during May 2026 compared to the same period last year, supported by growth in manufacturing activities (9.6%), mining (38.7%), and wholesale and retail trade (3.6%). Employee compensation also rose by 9.8%, driven by increases in construction, trade, mining, and financial activities. Conversely, the number of building permits issued declined by 33.3% compared to May 2025, and decreased by 25.7% month-over-month, totaling 5,056 permits versus 7,584 last year and 6,803 permits in April 2026.
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