HRH Crown Prince Receives King of Bahrain    KSrelief Continues to Distribute Various Relief Aid to People Affected by Floods in Pakistan    SR5 million penalty for violating the amended anti-terror law    UAE, Germany sign new energy security agreement    Majid Al Futtaim Lifestyle opens its first CB2 store in Saudi Arabia    Edible education breaks ground for a healthy generation Kingdom's first edible education program launched at KAUST School    Storm Ian delays launch of NASA's Artemis I Moon rocket    KSrelief Distributes 500 Food Baskets to Most Needy Refugee Families in Lebanon    Breast and colorectal cancers screening rates surge: Health Ministry    Bahrain Stock Exchange Indices Close Trading Lower    DATALINK CEO says digital transformation calls for need to create more Data centers    Dr. Al Rabeeah Signs Memorandum of Saudi Arabia's Contribution of USD 10 Million to Address Danger of Oil Tanker "Safer" with the Humanitarian Coordinator in Yemen    Ministry of Culture to Organize "Saudi Coffee Sustainability Forum " in Jazan next Saturday    MHRSD starts implementing Saudization in fun cities    Say 'yes to a world united among peoples,' urges Holy See    Haiti needs 'robust support' to quell gang violence and ease political tensions, Geneus says    Mali reports progress in political transition process, fighting terrorism    Impact of Vision 2030 Initiatives on Saudi Cities highlights qualitative leap in all sectors    Latest Innovations, Technologies of Medical Labs to be Discussed at Global Health Exhibition    Saudi Arabia Participates in Plenipotentiary Conference PP22 in Bucharest, Romania, from September 26 to October 14    Saudi Arabia Announces Floating Five Projects to Produce Electricity with Use of Renewable Energy with Total Capacity of 3,300mw    Australia, Singapore Kick off Joint Military Drills    Saudi Arabia calls on Iran to urgently fulfill its nuclear commitments    GEA, MBC announce 'Saudi Idol' talent show    Saudi Minister of Industry and Mineral Resources Meets with Number of Officials of US Companies    Quad Issues Joint Statement on Yemen    Federer bows out of tennis with final match    Cancer-killing virus shows promise in patients    Culinary Arts Commission Registers 13 Foods on Slow Food List of Endangered Food    Australian Football League: Racism allegations prompt calls for inquiry    F1 returns to Jeddah in 2023 March    72% of Children Globally have been Victims of Cyber Threats    Australian football club hit by 'harrowing' racism, bullying claims    Popular Indian comedian Raju Srivastava dies aged 58    Saudi National Football Team Continues Preparations for Friendly Match against Ecuador    Saudi Futsal Team Beats San Marino, Wins Silver in Croatian International Championship    During 2nd Global AI Summit.. AI-powered Early Breast Cancer Detection Program Launched    Triple talaq: India Muslim women in limbo after instant divorce ruling    Film Commission Reviews Film Industry Prospects in Saudi Arabia at Venice International Film Festival    Saudi national volleyball team loses to Kyrgyzstan in Asian Challenge Cup final    Saudi national volleyball team beats Uzbekistan, qualifies for the final of the Asian Challenge Cup    Ka'aba door bears witness to Saudi rulers' care for the House of God Kaaba' door, repentance' door contain more than 280 KG of pure gold    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Saudi Arabia issues 90 industrial licenses in June
Published in The Saudi Gazette on 12 - 08 - 2022

The Ministry of Industry and Mineral Resources issued 90 new industrial licenses in June covering five industrial activities.
Non-metallic minerals industry came on top with 18 licenses while food manufacturing and metal products industries came second and third with 14 and 12 licenses respectively. Nine licenses were issued for the manufacture of rubber and plastics products, while seven were issued for the manufacture of chemical products.
According to a report released by the Ministry's National Center for Industrial and Mining Information, the total number of industrial licenses issued by the Ministry since the beginning of this year is 501, while the number of existing and under-construction factories in the Kingdom as of the end of the same month was 10,675
Also, the total volume of investments for these factories is worth of 1.361 trillion riyals, with non-metallic metal factories accounting for more than 2,054 plants, rubber and plastics factories accounting for 1,348, and food factories accounting for approximately 1,280 plants.
The volume of investments in June exceeded 2 billion riyals, the report states, with small businesses acquiring the vast majority of new industrial licenses (83.33%) during the period. The next two largest groups were those with foreign investment (6.67%) and co-investment (5.56%), followed by medium-sized enterprises (14.44%) and micro-sized businesses (2.22%).
National factories accounted for new licenses based on the type of investment at 87.78%, followed by foreign investments at 6.67% and joint-venture investments at 5.56%.
The National Center for Industrial and Mining Information reports that 101 factories began their operations in June with an investment of 2.6 billion riyals, with non-metallic metal factories leading the way with 21 factories, followed by food factories 17.
The rubber and plastics factories accounted for 14, followed by chemical factories at 12 and fabricated metal factories at 10. In addition, national factories made up 93.07% of all factories that began operations in June. Foreign factories came second with 3.96%, and co-investment factories came third with 2.97%.
The new industrial licenses, the report pointed out, were distributed among 11 administrative regions, with the Riyadh region leading the way with 32 licenses, followed by the Eastern Province with 26 licenses and the Makkah region with 14. With 26 factories, the Riyadh region had the most factories starting production, followed by the Eastern Province with 24 factories and the Qassim region with 14.
According to the National Center for Industrial and Mining Information, the industry sector added 5,706 jobs in June, with 3,245 going to Saudi nationals and 2,461 going to foreigners.
Through the National Center, the Ministry of Industry and Mineral Resources publishes the most significant industrial indicators on a monthly basis that show the type of industrial activity that takes place in the Kingdom, the degree to which new industrial investments have changed, and the number of jobs that are generated by the sector. — SG

Clic here to read the story from its source.