Saudi Arabia ... licensing 83 factories in April ... with a capital of 1.578 billion riyals

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The Saudi Ministry of Industry and Mineral Resources announced the issuance of 83 new industrial licenses during April of this year 2021, with a capital of 1.578 billion riyals, compared to 12 industrial licenses during the same month last year.

The report issued by the National Center for Industrial Information indicated that the number of existing industrial establishments at the end of April reached 10,029 factories, and the total volume of investments in them exceeded 1,133 trillion riyals, while the sector created during this month about 1,049 job opportunities for Saudis, while the number of expatriate workers reached About 4,427 workers, and the report of the National Center for Industrial Information confirmed that 93% of the total new factories were of national investment, while small factories accounted for nearly 90% of the new licenses, indicating that the new factories were distributed in 9 administrative regions and Riyadh had the largest number of It will reach 29 factories, then the Eastern Province with 25 factories and Makkah Al-Mukarramah with 12 factories.

The report of the National Center for Industrial Information indicated that the factories operating in the activity of making food products topped the new industrial licenses by (19%) of the total licenses issued during the month and the number of 16 factories, followed by factories of other non-metallic minerals products with 11 factories.

The report indicated that 41 factories began production during the past month, with a growth rate of 5% compared to the previous month, and a growth of nearly 200% compared to the same month last year, indicating that the volume of investment of factories that started production during this month amounted to 1.13 billion riyals, topped by Factories operating in the activity of making food products and the activity of making chemicals with 6 factories each.