Saudi industrial exports hit SR162bn in 2012

April 7, 2014 10:44 am

The Saudi Industrial Development Fund (SIDF) has said the value of the country’s industrial exports reached SR162bn by the end of 2012, compared with SR110m in 1974, Arab News has reported. The growth in Saudi industrial exports was due to the availability of hydrocarbons at preferential prices, in addition to the conclusion of international and regional trade agreements to this end, SIDF director general, Ali Al-Ayed, said at the 14th GCC Industrial conference in Muscat. Plastic and chemical products accounted for 77% of the total industrial exports in that year, followed by food products at 8%, base metals (6%), and electric devices and equipment (2%), he told the conference.