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Arab Finance – Planning: 4.7% growth in manufacturing industries in the fourth quarter of last year


Planning: 4.7% growth in manufacturing industries in the fourth quarter of last year

Arab Finance: Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, said: Non-petroleum manufacturing sector It decreased by about 5.4% during the fiscal year 2023/2024, affected by macroeconomic conditions.

She also explained during the Prime Minister’s weekly press conference held at the government headquarters in the Administrative Capital that the sector recorded a positive growth of 4.7% during the last quarter of the last fiscal year, as a result of economic reforms and the availability of foreign exchange.

The Minister of Planning, Economic Development and International Cooperation pointed out that the manufacturing sector contributes about 15% to the country’s gross domestic product.

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