Latest news with #NIDLP
Zawya
21-07-2025
- Business
- Zawya
NIDLP drives Saudi non-oil GDP growth; hits $263bln in 2024
The National Industrial Development and Logistics Program (NIDLP) continues to be a cornerstone of Saudi Vision 2030, demonstrating exceptional performance in driving economic prosperity and diversification. Launched in early 2019, NIDLP integrates four strategic sectors - energy, mining, industry, and logistics - while leveraging local content and Fourth Industrial Revolution principles to enhance value and broaden the economic base. According to the NIDLP annual report for 2024, its activities contributed 39% to the kingdom's non-oil GDP, reaching SAR986 billion (($263 billion), an increase from SAR949 billion ($253 billion) in 2023. Non-oil activities now represent 55% of the total GDP, it stated. Total non-oil exports reached SAR514 billion in 2024, marking a 13.2% growth compared to 2023. The manufacturing sector grew by 4%, while mining, transportation, and storage sectors collectively saw a 5% growth during the year, reported SPA citing the NIDLP annual report. Total non-oil exports reached SAR514 billion in 2024, marking a 13.2% growth compared to 2023. This includes SAR217 billion in non-oil commodity exports (4% growth), SAR91 billion in re-exports (42% growth), and SAR207 billion in service exports (14% annual growth). Key export categories included chemical industries (SAR78.5 billion), metal and mineral products (SAR23.3 billion), food and beverages (SAR10.5 billion), and electrical appliances and equipment (SAR42.9 billion). NIDLP sectors employed 2.433 million workers in 2024, adding over 508,000 new jobs, including more than 81,000 for Saudis (42,000 men, 39,000 women). Major employment contributions came from manufacturing, mining and quarrying, electricity and gas, and transportation and storage. Non-governmental investments in NIDLP sectors amounted to SAR665 billion. Cumulative net loan approvals from the Saudi Industrial Development Fund reached SAR198 billion, while the Saudi Export-Import Bank provided SAR69.14 billion in cumulative credit facilities. By the end of 2024, the number of industrial facilities reached 12,589, with 1,511 new factories completed. Cumulative non-governmental investments in industrial cities and special zones totaled SAR1,412.96 billion. Cumulative military sales to local companies reached SAR34.32 billion, as the National Industrial Strategy continues to localize value chains in future industries like medical supplies, automotive, and energy-related products. In renewable energy, projects with a total capacity of 20 gigawatts were launched, new solar energy agreements for 3.7 gigawatts were signed, and an additional 3.6 gigawatts became commercially operational. A new global low for wind energy purchase price was recorded at SAR0.0587 per kilowatt-hour, contributing to an annual reduction of approximately 1.7 million tons of carbon emissions. According to the NIDLP annual report for 2024, the mining sector demonstrated robust activity with total expenditure on mineral exploration reaching SAR228 per sq km. The number of mining sites available for tender saw a remarkable 380% increase compared to the previous year. The sector aims to contribute SAR176 billion to GDP by 2030 and create 219,000 jobs. Globally, the Kingdom now ranks as the second-best country in the mining licensing environment. The logistics sector also experienced substantial development, with total logistics licenses reaching 1,056. The number of logistics centers for re-export expanded to 23, a significant leap from just two centers in 2019. Port utilization increased to 64% from a baseline of 50.2%, and the number of containers handled reached 7.5 million. Customs clearance time was reduced to an impressive two hours. NIDLP achieved several key performance indicators that surpassed its set targets: military industries localization reached 19.35% (target: 12.5%, baseline: 7.7%), local content in non-oil sectors amounted to SAR1,231 billion (target: SAR1,110 billion, baseline: SAR942 billion), final licenses for promising industries surged to 3,107 (target: 845, baseline: 169), cumulative exports from promising industries totaled SAR135.6 billion (target: SAR98.7 billion, baseline: SAR18.6 billion), and logistics centers for re-exports reached 23 centers (target: 16, baseline: 2). While port utilization reached 64%, it fell slightly short of the 66% target, though still significantly up from the 50.2% baseline, said the SPA report. By the end of 2024, NIDLP managed a substantial portfolio of 284 initiatives, with 163 (57%) already completed. This highlights the intensive efforts to achieve Vision 2030's ambitious goals and the effective integration among executive agencies. The 2024 indicators affirm NIDLP's pivotal role in reshaping the national economy on robust developmental foundations, stated the report. With accelerated progress and targets being met ahead of schedule, Saudi Arabia is confidently solidifying its position as a global industrial, economic, and logistics powerhouse, driven by an inspiring leadership and an ambitious strategic vision, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arab News
20-07-2025
- Business
- Arab News
Saudi Arabia's industrial, logistics sectors add $263bn to non-oil GDP in 2024
RIYADH: Saudi Arabia's National Industrial Development and Logistics Program contributed SR986 billion ($262.8 billion) to the Kingdom's non-oil gross domestic product in 2024, accounting for 39 percent of the total, according to the program's annual performance report. This figure marks an increase from SR949 billion in 2023 and underscores NIDLP's central role in advancing the goals of Vision 2030 to diversify the Saudi economy beyond oil. The report highlighted substantial progress across the program's strategic sectors — industry, mining, energy, and logistics — demonstrating what NIDLP described as a 'qualitative transformation' in the national economy. The total contribution of non-oil activities to the broader GDP reached 55 percent, with the manufacturing sector alone growing by 4 percent, and both mining and transport/storage sectors expanding by 5 percent. Saudi Arabia's broader economic performance in 2024 reflected resilience amid oil market fluctuations, with overall GDP growing by 1.3 percent for the year, driven primarily by expansion in non-oil sectors, according to data from the General Authority for Statistics. Launched in 2019, NIDLP aims to integrate key sectors and leverage local content and the Fourth Industrial Revolution to build a diversified and value-added economic base. The 2024 report details a range of achievements that indicate continued momentum toward these long-term economic transformation goals. "The number of executive initiatives under the program reached 284 by the end of 2024, of which 163 have been completed, with a completion rate of 57 percent, confirming the pace of achievement and the program's ability to deliver impact,' the report quoted Minister of Industry and Mineral Resources Bandar Alkhorayef, also chairman of the NIDLP Committee, as saying. 'The total number of employees in NIDLP sectors surpassed 2.43 million, including more than 508,000 new jobs created during the year. Among those, over 81,000 were taken up by Saudi nationals,' he added in the report. Non-oil exports reached a total value of SR514 billion in 2024, reflecting a 13.2 percent year-on-year increase. Of this, SR217 billion came from non-oil goods exports, which rose by 4 percent. Re-exports surged 42 percent to reach SR90 billion, while services exports climbed 14 percent to SR207 billion. Chemicals topped the export categories with SR78.5 billion, followed by electrical equipment at SR42.9 billion, metals and metal products at SR23.3 billion, and food and beverage products at SR10.5 billion. The labor market also saw strong gains. Total employment across NIDLP sectors reached 2.433 million workers in 2024. The program created more than 508,000 new jobs last year, including over 81,000 roles for Saudi nationals — 42,000 for men and 39,000 for women. Key employment drivers included manufacturing, mining and quarrying, electricity and gas, and logistics. Non-government investments in program sectors reached SR665 billion. The Saudi Industrial Development Fund's cumulative loan approvals totaled SR198 billion, while export credit facilities issued by the Saudi Export-Import Bank stood at SR69.14 billion. Industrial activity expanded significantly, with 12,589 industrial establishments recorded by year-end. The number of ready-built factories reached 1,511. Non-government investments in industrial cities and special zones totaled a cumulative SR1.41 trillion. The local defense industry also advanced, with cumulative sales by domestic companies hitting SR34.32 billion. The national industrial strategy continues to push for the localization of supply chains in sectors like medical supplies, automotive, energy-related products, and petrochemicals. In renewable energy, the program recorded significant progress. Total renewable energy capacity initiated in 2024 reached 20 gigawatts, including 3.7 GW of new solar project agreements and 3.6 GW of new commercial operations. The lowest recorded wind energy cost globally was also achieved, at 5.87 halalas per kilowatt-hour. These efforts contributed to an annual carbon emissions reduction of approximately 1.7 million tonnes. In mining, exploration spending reached SR228 per sq. km. The number of mining sites offered for competitive bidding increased 380 percent from the previous year. The sector aims to contribute SR176 billion to GDP and create 219,000 jobs by 2030. Saudi Arabia was ranked second globally for mining license environment quality, the report stated. Logistics witnessed similar advances. A total of 1,056 logistics licenses were issued, while re-export logistics centers expanded to 23 in 2024, up from just two in 2019. Port utilization rose to 64 percent, compared to a baseline of 50.2 percent. Customs clearance time was reduced to just two hours, and container throughput reached 7.5 million units. Key performance indicators exceeded several targets. Military industrialization localization reached 19.35 percent, surpassing the 12.5 percent goal and up from a 7.7 percent baseline. Local content in non-oil sectors reached SR1.231 trillion, above the target of SR1.11 trillion. The number of final licenses issued for promising industries hit 3,107, compared to a target of 845 and a baseline of 169. Cumulative exports of promising industries reached SR135.6 billion, exceeding the target of SR98.7 billion. The number of re-export-linked logistics centers also surpassed targets, with 23 centers established versus a target of 16. At the highest level, NIDLP contributes to three primary pillars of Vision 2030: fostering a vibrant society, creating a thriving economy, and building an ambitious nation. One of the six first-tier Vision 2030 objectives that the program directly supports is the development and diversification of the national economy, particularly through job creation and enhanced government performance to promote social responsibility. NIDLP also addresses second-tier goals by strengthening private sector participation and maximizing value across key economic sectors. The program seeks to improve the competitiveness of Saudi Arabia's energy sector, enhance local content in oil and gas industries, and promote the development of renewable energy sources. Additionally, the program supports the creation of specialized economic zones and the rehabilitation of industrial cities to attract investment and facilitate growth. Another key strategic focus of the program is the expansion of non-oil sectors, including mining and downstream industries. NIDLP targets the localization of high-potential sectors such as advanced manufacturing and defense industries, while increasing local content across non-oil value chains. These initiatives are designed to unlock the full economic potential of the Kingdom's natural resources and industrial capabilities. As part of its logistics mandate, the program also works to establish and improve the performance of logistics hubs, while enhancing domestic, regional, and international connectivity across trade and transport networks. These efforts are central to NIDLP's ambition to solidify Saudi Arabia's position as a global logistics hub, reinforcing the Kingdom's strategic role in global supply chains. Overall, the program encompasses 96 detailed targets at the third level of Vision 2030 planning, 12 of which are directly linked to NIDLP initiatives. These targets serve as the operational backbone for achieving the broader national goals of economic diversification and industrial competitiveness.
Saudi Gazette
19-07-2025
- Business
- Saudi Gazette
NIDLP sectors contribute 39% to non-oil GDP in 2024
Saudi Gazette report RIYADH — The National Industrial Development and Logistics Program (NIDLP) contributed 39% to Saudi Arabia's non-oil GDP in 2024, amounting to SR986 billion, up from SR949 billion in 2023, according to the program's annual report. Non-oil exports surged to SR514 billion last year, marking a 13.2% increase from 2023. This included SR217 billion in non-oil commodity exports (up 4%), SR91 billion in re-exports (up 42%), and SR207 billion in service exports (up 14%). The top-performing export sectors included chemicals (SR78.5 billion), metals and products (SR23.3 billion), food and beverages (SR10.5 billion), and electrical equipment (SR42.9 billion). The labor market showed strong momentum, with total employment across NIDLP sectors reaching 2.433 million workers in 2024. The report highlighted the creation of over 508,000 new jobs during the year, including 81,000 jobs for Saudis, 42,000 men and 39,000 employment contributors were the manufacturing, mining and quarrying, electricity and gas, and transport and storage sector investments across NIDLP sectors reached SR665 billion in 2024. The Saudi Industrial Development Fund approved SR198 billion in cumulative loans, while the Saudi EXIM Bank provided SR69.14 billion in credit total number of industrial establishments reached 12,589, with 1,511 ready-built factories. Cumulative private investments in industrial cities and special economic zones hit SR1.4 defense companies recorded SR34.32 billion in cumulative military sales. The national industrial strategy continues to focus on localizing value chains in future-facing industries, including medical supplies, automotive production, and petrochemical-related oversaw the launch of renewable energy projects totaling 20 GW in capacity, including 3.7 GW in new solar agreements and 3.6 GW of newly operational Kingdom recorded the lowest global wind energy cost at 5.87 halalas/kWh. These projects reduced carbon emissions by approximately 1.7 million tons exploration spending reached SR228 per square kilometer, with a 380% increase in mining sites offered for competitive mining sector aims to contribute SR176 billion to GDP by 2030 and create 219,000 jobs. Saudi Arabia was ranked the second-best globally for mining licensing logistics sector continued to advance, issuing 1,056 licenses. The number of export logistics centers rose to 23, up from just 2 in utilization improved to 64%, up from a baseline of 50.2%, while customs clearance time dropped to just two hours. Port container throughput reached 7.5 million program surpassed several Vision 2030 benchmarks. Military industry localization reached 19.35%, exceeding the 12.5% target and up from a 7.7% baseline. Local content in non-oil sectors reached SR1.23 trillion, ahead of the SR1.11 trillion for emerging industries totaled 3,107—far above the 845-license target and 169-license baseline. Exports from these sectors hit SR135.6 billion cumulatively, exceeding the SR98.7 billion target and an SR18.6 billion number of re-export logistics centers reached 23, outpacing the 16-center the end of 2024, the NIDLP portfolio included 284 initiatives, with 163 completed, representing a 57% execution rate.
Time of India
15-07-2025
- Business
- Time of India
Saudi Arabia Industrial Jobs: Saudi Arabia creates 4,700 jobs through industrial expansion, ETHRWorldEMEA
Advt By , Agencies Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Saudi Arabia's industrial sector continues to gain momentum, with more than 4,700 jobs created in May 2025 alone, driven by the issuance of 155 new industrial licenses and the launch of operations at 122 factories. According to the Ministry of Industry and Mineral Resources , the newly licensed projects are expected to create 2,450 job opportunities, while factories that began production last month generated 2,329 combined investments tied to these developments exceeded SR4.18 billion—SR3.25 billion for new licenses and SR930 million for operational factories, marking a strong month for industrial job generation and capital figures reflect the impact of Saudi Arabia's broader push to expand its industrial base under the National Industrial Development and Logistics Program (NIDLP). The initiative targets growth in four strategic sectors—industry, mining, energy, and logistics, to position the Kingdom as a global industrial and logistics such as the 'Made in Saudi' campaign and a suite of government-backed incentives continue to attract both local and foreign industrial investments , reinforcing economic diversification and job creation goals under Vision 2030. As more factories transition from licensing to production phases, the Kingdom's workforce stands to benefit from a steady pipeline of employment opportunities across regions.
Zawya
14-07-2025
- Business
- Zawya
Saudi Arabia issues 155 new industrial licenses in May
RIYADH — Saudi Arabia issued 155 new industrial licenses in May 2025, while 122 factories began actual production during the same month, according to the latest monthly report by the National Industrial and Mining Information Center under the Ministry of Industry and Mineral Resources. The report, which tracks key monthly indicators in the sector, revealed that the total investment tied to the new licenses exceeded SR3.25 billion. These upcoming industrial projects are expected to generate 2,450 job opportunities across various regions of the Kingdom. Meanwhile, the value of investments in factories that commenced production in May reached SR930 million, with 2,329 new jobs created. The data underscores the continued expansion of Saudi Arabia's industrial base and the accelerating pace of factories moving into operational phases. The Kingdom has rolled out several initiatives to boost the industrial sector, notably the National Industrial Development and Logistics Program (NIDLP), aimed at transforming Saudi Arabia into a global industrial powerhouse and logistics hub by focusing on four core sectors: industry, mining, energy, and logistics. Saudi Arabia has also launched the 'Made in Saudi' initiative to encourage both local and international consumers to buy domestically produced goods and to enhance awareness of the high quality of national products. Additionally, the government is promoting industrial investment by offering a range of incentives and facilitations to both local and foreign investors, with the goal of increasing capital inflows and diversifying the industrial landscape. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
