Saudi Arabia’s industrial output to grow to 24 per cent of GDP

10 December 2012

Senior Saudi industrialist says the figure will increase by 11 per cent by 2020

Saudi Arabia’s industrial sectors are expected to represent about 24 per cent of the kingdom’s gross domestic product (GDP) by 2020, according to a senior official.

Abdulla al-Zamil, the chief executive officer of the local Zamil Industrial Investment Company told delegates at a conference in Bahrain that this will represent growth of 11 per cent on its current level. He also said 65 per cent of that figure will be industrial manufacturing.

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