NIDLP sectors contribute SAR 986B to GDP in 2024

Logo of National Industrial Development and Logistics Program (NIDLP)

The National Industrial Development and Logistics Program’s (NIDLP) sectors contributed SAR 986 billion to the Kingdom’s gross domestic product (GDP), or 39% of non-oil GDP in 2024, up 4% from SAR 949 billion a year earlier.

The program said, in its annual report that the total non-governmental investments accomplished by NIDLP sectors reached SAR 665 billion by the end of 2024.
 

Meanwhile, total investments increased by SAR 141 billion during 2024, compared to SAR 524 billion by the end of 2023, a growth of 27% YoY.

The total number of workers in the program’s sector activities reached more than 2.4 million by the end of last year, an increase of over 508,000 workers, or 27% YoY. More than 81,000 were Saudi men and women.

The key sectors contributing to employment last year included: Manufacturing, with more than 273,000 jobs, transport and storage (over 180,000 jobs), mining and quarrying, (more than 45,000 jobs), and electricity, gas, steam, and air conditioning supply (over 8,000 jobs).
 

The program noted that the number of its initiatives reached 284 by the end of 2024, of which 163 initiatives were completed, representing 57% of the total. The remaining initiatives are progressing steadily toward achieving their objectives.
 

The program was launched in 2019 with the aim to make the Kingdom a leading industrial power and a global logistics hub through four main sectors: Energy, mining, industry, and logistics, along with two additional focus areas, namely the fourth industrial revolution and local content, to maximize the economic impact.