New Licenses and Investments
Saudi Arabia's Ministry of Industry and Mineral Resources issued 322 new industrial licenses in April, with associated investments exceeding SR12.33 billion ($3.28 billion), according to a report by the ministry’s National Center for Industrial and Mining Information.
The report, which monitors industrial indicators on a monthly basis, revealed that these projects are expected to create more than 2,977 job opportunities across various regions of the Kingdom.
Factories Entering Production
In the same month, 188 new factories commenced production, with investments totaling SR2.01 billion. These factories generated 3,606 new jobs, reflecting the continued expansion of the Kingdom's industrial base and the increasing pace of factories entering actual operation.
Monthly Industrial Indicators
Through the National Center for Industrial and Mining Information, the ministry issues key industrial indicators monthly. These indicators reflect the level of industrial activity in the Kingdom, including the volume of new investments, the number of licenses issued, and factories commencing production.
