Saudi Arabia aims to raise industry, mining input to GDP to SAR 400 bln by 2025

The industry and mineral wealth targets include raising industry and mining sector’s contribution to the gross domestic product (GDP) to SAR 400 billion by 2025, reaching 15% or exceeding SAR 600 billion by 2030, the Ministry of Finance said in the 2021 budget statement.

The industry and mining sector aims to create 1.3 million jobs by 2030.

It added that the sector targets boosting industry and mineral wealth contribution to exports by the end of 2030 to SAR 424 billion.

Saudi Arabia's revenue for the 2021 state budget are estimated at SAR 849 billion, with expenditure forecast at SAR 990 billion and a deficit of SAR 141 billion, or 4.9% of the Kingdom’s GDP, according to data compiled by Argaam.