Riyadh, Saudi Arabia — Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) contributed SAR 986 billion to non-oil GDP in 2024, marking a 39% year-on-year increase. This performance, outlined in the program’s latest annual report, highlights NIDLP’s expanding role in delivering Vision 2030’s diversification goals.

Launched in 2019, NIDLP unifies four key sectors—industry, mining, energy, and logistics—under a single platform. It focuses on localization, industrial automation, and export growth. By the end of 2024, non-oil sectors made up 55% of Saudi Arabia’s total GDP, reflecting a significant economic shift.

NIDLP Non-Oil GDP 2024 Boosts Exports, Manufacturing, and Job Creation

Non-oil exports totaled SAR 514 billion in 2024. Re-exports rose 42%, while service exports increased 14%. Leading export categories included chemical products, electrical equipment, metals, and food items.

The Kingdom now hosts 12,589 industrial facilities, including 1,511 ready-built factories. Total investment in industrial and special zones reached SAR 1.41 trillion.

Manufacturing grew by 4%, while the mining and logistics sectors expanded 5%. Mining exploration surged, with tenders up 380%. Spending reached SAR 228 per square kilometer.

NIDLP-linked employment reached 2.433 million. In 2024 alone, 508,000 new jobs were added. Of those, 81,000 went to Saudis—nearly half of them women.

Private sector investments totaled SAR 665 billion. Government-backed financing included SAR 198 billion in loans from the Industrial Development Fund and SAR 69.14 billion from the Saudi EXIM Bank.

Momentum in Strategic Industries and Renewable Energy

The program issued 3,107 new licenses—far above its target of 845. Key growth areas included automotive, medical supplies, energy technology, and petrochemicals. These sectors generated SAR 135.6 billion in exports.

Renewable energy deployment also accelerated. By year-end, 20 GW had been launched, and 3.6 GW were operational. Wind power costs dropped to a record low of 5.87 halalas/kWh. These efforts helped avoid 1.7 million tons of CO₂ emissions.

Port utilization rose to 64%, while customs clearance times fell to just two hours.

The program also exceeded performance targets. Military industry localization reached 19.35% versus a 12.5% target. Local content contributions hit SAR 1.23 trillion, surpassing the SAR 1.11 trillion goal. Out of 284 initiatives, 163 were completed.

 

 

THE SAUDI STANDARD’S VIEW: NIDLP Anchors Non-Oil Growth Under Vision 2030

The National Industrial Development and Logistics Program has become central to Saudi Arabia’s economic strategy. Its SAR 986 billion contribution to non-oil GDP in 2024 confirms structural progress and sectoral alignment with Vision 2030.

  • The non-oil economy now makes up 55% of GDP, proving the impact of long-term diversification.
  • Exports show growing global competitiveness, with re-exports up 42% and efficient logistics boosting trade.
  • More than 508,000 jobs were created in 2024. Among these, 81,000, including a strong share of women, were filled by Saudis.
  • Capital deployment remains robust. Private investment reached SAR 665 billion, while public financing from the IDF and EXIM totaled SAR 267 billion.
  • Future-focused industries—like automotive and advanced energy—are gaining ground and reinforcing Saudi Arabia’s global value chain position.

With performance targets surpassed and renewable energy programs near full activation, NIDLP has proven its strength as a transformative national platform. It is not just fueling economic growth but shaping a resilient, future-ready industrial base.

 

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