Operating Revenue Index in Saudi Arabia Climbs 10.2% on Non-Oil Expansion

RIYADH — Saudi Arabia’s Operating Revenue Index rose 10.2% in March compared to a year earlier, driven by strong growth in transportation, mining, and financial services, according to the General Authority for Statistics.

The transportation and storage sector led with a 25.8% annual increase, followed by mining and quarrying at 25.5%. Information and communication rose 18.5%, while financial and insurance activities climbed 17.6%.

On a monthly basis, the index increased 8.1% in March.

The Employees Compensation Index also rose 10% year on year, reflecting job growth across manufacturing, construction, wholesale trade, and finance.

Building permits issued in March saw a slight 0.7% annual decline to 5,162 permits.

The data underscores Saudi Arabia’s ongoing economic diversification away from hydrocarbons, with private sector momentum supporting Vision 2030 goals.

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