Arab News, Wednesday, Dec 22, 2021 | Jumada Al-Uola 17, 1443
Saudi ministry issued 68 industrial licenses in November
Saudi Arabia: The
Kingdom’s Ministry of Industry and Mineral Resources issued 68 new industrial
licenses during November with an investment volume of up to SR735 million ($196
million), an increase of around 14 percent in the number of new licenses
compared to October.
There were 10,253 factories in the country up to
the end of November, the Saudi Press Agency reported.
A report from the National Center for Industrial
and Mining Information said the biggest share of the new industrial licenses was
for the food product industry with 14 licenses followed by the chemical industry
with nine.
Riyadh accounted for most of the new licenses
according to their geographical distribution with 24, and then the Eastern
Region with 17.
The report also showed that small factories
accounted for 89 percent of the new licenses for November and medium-sized
factories constituted 8.7 percent.
National factories accounted for 90 percent of the
total new facilities and the share of foreign investment was 5 percent of these
licenses.