Saudi Arabia issues 885 industrial licenses in 11 months

The Saudi Ministry of Industry and Mineral Resources issued 82 new industrial licenses during the month of November, spread across 6 industrial activities.

The report issued by the Ministry-affiliated National Industrial and Mining Information Center indicated that the food manufacturing business issued these businesses with 16 licenses, followed by the other non-metallic mineral product manufacturing business with 14 licenses .

The number of licenses for the formed metal manufacturing business, excluding machinery and equipment, has reached 12 licenses, then the paper and paper products manufacturing, clothing manufacturing, and chemical and chemical manufacturing business with 5 licenses for each category, according to the Saudi news agency, “SPA.”

The report stated that the total number of industrial licenses issued by the ministry since the beginning of questhe year up to the end of November amounted to 885 licenses, while the number of existing factories in the Kingdom up to the end of the same month reached 10,742, with investments of 1.419 trillion riyals.

The report states that the volume of investments in new licenses for the month of November was 7.175 billion riyals, while small businesses acquired the majority of new industrial licenses during the same month at a rate of 85.37%, followed by medium-sized businesses at a rate of 12.20%, then micro-enterprises with a rate of 2.44%, while national factories record the highest percentage of the total number of licenses issued by type of investment with 82.93%, then foreign factories and companies shareholding equal to 8.54% for each category.

The report showed that the factories that started production last November had reached 50 factories, with an investment volume of 830 million riyals, surpassed by non-metallic mineral factories with 11 factories, followed by food factories with 10 factories. , from chemical factories with 6 factories, then rubber and plastic factories, base metal factories and mineral factories formed by 4 factories for each category, while domestic factories account for the total factories that started production for 90% , followed by foreign factories with 6%, then joint factories with 4%.

The report revealed that the new industrial licenses were distributed among 10 administrative regions, overtaken by Riyadh region with 30 licenses, followed by Eastern region with 21 licenses, then Makkah region with 10 licenses, Madinah region with 8 licenses, ‘Asir region with 4 licenses, and Qassim region with 3. licenses, then Jizan region and Hail region with two licenses for each region, and Al-Jawf region and Najran region with one license for each region.

Interestingly, the Ministry of Industry and Mineral Resources publishes the most important industrial indicators monthly through the National Center for Mining and Industrial Information, which clarify the nature of the movement of industrial activity in the Kingdom, as well as reveal the the extent of industry-assisted change in new industrial investment and the extent of jobs provided by the industry.

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