KSA licenses 830 factories with SAR 21bn capital in 11M

Riyadh – Mubasher: The Saudi Ministry of Industry and Mineral Resources has granted 830 licences to firms having a combined total capital of SAR 21 billion and employing more than 36,750 workers since the beginning of the year until November.

The number of existing and under-construction industrial facilities grew by 9.6% annually to 9,630 plants. The total value of industrial investments amounted to SAR 1.1 trillion, a yearly rise of 4.5%, according to a statement on Wednesday.

Moreover, a total of 488 plants have commenced operations during 2020.

Mubasher Contribution Time: 16-Dec-2020 12:26 (GMT)
Mubasher Last Update Time: 16-Dec-2020 12:26 (GMT)