Industrial Establishments of Saudi Arabia: Trend Analysis of Growth and Development

Abstract

The growth and development of a developing economy depend on the sustainable growth and development of the industrial sector of the nation. The study is based on the secondary data and chain-based index numbers calculated to get the growth trend of the industrial establishments that explains the extreme polar developing industrial establishments defined as economic activity. The analysis and interpretations explain that the establishments highest in number produce household or personal accessories while the minerals, petroleum, and pharmaceutical preparation establishments lowest in Saudi Arabia. The fastest-growing establishments related to mining and petroleum or wearing apparel and wooden products while establishments related tobacco products, furniture, paper products. Possibly, low demand for the products, unavailability of finance and skilled human resources, complex labor laws, regulatory systems, and insufficient technical and financial assistance affects the lowest number and slowest growing industrial establishments in Saudi Arabia.