Arab News, Sunday, Dec 26, 2021 | Jumada Al-Uola 21, 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.