Arab News, Wednesday, Dec 22, 2021 | Jumada Al-Uola 17, 1443
KSA issues 68 licenses to local, foreign investors in industrial sector in November
Saudi Arabia:
Saudi Arabia’s Ministry of Industry and Mineral Resources issued 68 licenses to
industrial units in November with investments amounting to SR735 million ($159
million), said a statement issued on Tuesday.
The statement said the issuance of industrial
licenses rose 14 percent as compared to the previous month and the number of
industrial facilities in the Kingdom reached 10,253 as of November.
According to a report issued by the National
Center for Industrial and Mining Information, the food industry took the major
chunk of the licenses with 14 permits, followed by the chemicals industry with
nine. As per the geographical distribution of the industrial units, the Riyadh
region led other parts of the Kingdom with 24 licenses followed by the Eastern
Province with 17.
Of the total, 89 percent of the licenses were
issued to small factories in November followed by 8.7 percent medium industrial
enterprises. Five percent of the licenses were issued to foreign investors.
The report said the volume of investments in the
factories that started operations is estimated at SR1.6 billion. It said 2,383
jobs were created in the industrial sector during November.