Ministry of Industry licenses 124 new factories worth SAR 1.6 bln in October

11/11/2020 Argaam


A total of 124 new factories were licensed in October 2020, with total investments reaching SAR 1.56 billion, recent data issued by Ministry of Industry and Mineral Resources showed.

 

The total number of existing and under-construction factories hit 9,563 across the Kingdom in October, compared to 9,445 in September 2020.

 

According to the ministry data, the number of Saudi workers in the industrial sector rose by 2,986 in October, while the number of expat workers declined by 1,594.

 

Industrial Indicators for October 2020

New licenses in the industrial sector

124

No. of factories that began actual production

31

Capital of new licensed factories (SAR bln)

1.6

No. of workers in licensed factories

4976

Number of existing and under-construction factories by October-end

9563

Number of workers in the industrial sector during the period

+1392%

Change in number of Saudi workers in the industrial sector during the period

+2986%

Change in number of expatriate workers in the industrial sector during the period

(1594)

 

Distribution of new licenses by economic activity in October 2020

Activity

No. of factories

Non-metallic mineral products

1926

Plastic & rubber products

1253

Metal casting products except
machinery and equipment

1156

Food products

1055

Chemicals products

941

Base metal products

470

Paper and paper products

354

Furniture

350

Electrical equipment

322

Unclassified machinery and equipment

318

Other sectors

1418

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.