Ministry of Industry licenses 79 factories in May, with SAR 1 bln investments

01/07/2022 Argaam
Logo ofMinistry of Industry and Mineral Resources

Logo of Ministry of Industry and Mineral Resources


The Ministry of Industry and Mineral Resources licensed 79 new factories in May, with investments exceeding SAR 1 billion.

 

The total number of licensed workers at these factories stood at 2,204, while the number of industrial facilities across the Kingdom reached 10,638.

 

Moreover, as many as 62 industrial facilities began actual production in May, with investments of SAR 1.3 billion. The total workforce at these facilities reached 2,653 people.   

 

The ministry added that 17,357 workers joined the industrial sector in May, of which Saudis reached 2,516.  

 

The following table shows key industrial indicators in May:

 

Key Industrial Indicators in May

Number of new licenses in the sector

79

Number of factories to start production

62

Size of investment in the new factories (SAR bln)

1.3

Number of licensed workforce in the new factories

2,204

Number of outstanding and under-construction facilities

10,638

Change in the number of workers in the industrial sector

(17,357)

Change in the number of Saudi workers in the industrial sector

+2,516

Change in the number of expat workers

(19,873)

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.