Investment in existing factories in the Saudi industrial sector recorded a quarterly growth of 1.5%, with a total value of 1.5 trillion riyals until the end of the third quarter of 2023, achieving an annual growth of 9.3%.
Investments in large enterprises amounted to 975,767 billion riyals, representing 65.1% of the total, while investments in medium enterprises amounted to 390,060 billion riyals, representing 26% of the total, and small enterprises amounted to 132,951 billion riyals, representing 8.9% of the total.
National investments topped the list of investors by type of investments until the end of the third quarter of 2023, with a total value of SR 938,133 billion, accounting for 62.6% of the total volume of investments, with a number of 9,324 existing factories, with a percentage of 82.7%, while joint investments came second with a value of SR 486,961 billion, with a percentage of the total of 32.5%, with a number of 941 existing factories, with a percentage of 8.3%, and foreign investments came third with a value of SR 73,684 billion, and with a percentage of 4.9% of the total, and with the number of 1,008 existing factories, with a percentage of 8.9% of the total.
The total number of existing factories on a quarterly and annual basis grew by 2.6% and 5.1%, respectively, to record 11,273 existing factories, and the total number of employees increased to 757,429 workers, achieving quarterly and annual growth of 2.9% and 11.6%, respectively.
Investments were concentrated in the eastern province, accounting for 41.2% of the total volume of investments, with a value of 617,191 billion riyals, while Riyadh region accounted for the largest number in terms of existing factories with 4,389 existing factories, accounting for 38.9% of the total number of factories, in addition to the number of employees with a number of 282,702 workers, and accounting for 37.3% of the total number of employees.