Logo design of Ministry of Industry and Mineral Resources
The Ministry of Industry and Mineral Resources released 122 brand-new commercial licenses in December 2023, at an overall financial investment worth of SAR 1.85 billion, according to a declaration today, Feb. 4.
The brand-new licenses covered 5 commercial activities, with 18 licenses released in each of the production of non-metallic mineral items and the production of casting metals sectors. The food production sector followed with 15 licenses, then production of chemical items (11) and production of rubber and plastics (10 ).
In regards to receivers, small-sized business got the majority of the brand-new licenses in December 2023, representing 89.34% of the overall. Medium-sized business followed with 9.84%, then micro business (0.82%).
By financial investment type, nationwide factories controlled 77.05% of the brand-new licenses, followed by foreign facilities (13.93%) and joint financial investments (9.02%).
The ministry likewise verified that 119 factories began real production in the very same month, with overall financial investments of SAR 4.2 billion. Non-metallic minerals took top place (31 ), followed by food production (16 ), then rubber and plastics (12 ), production of casting metals (11 ), and paper factories (8 ).
National factories made up 80.67% of the overall plants that began real production in December 2023, followed by foreign factories and joint-investment plants at 11.76% and 7.56%, respectively.
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Secret Industrial Indicators in December 2023 |
|
|
New commercial licenses |
122 |
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Overall financial investment in brand-new factories (SAR bln) |
1.85 |
|
Certified labor force at brand-new factories |
3,458 |
|
Variety of factories beginning real production |
119 |
|
Overall financial investment at factories beginning real production (SAR bln) |
4.2 |
|
New tasks at factories beginning real production |
4,352 |
The overall variety of commercial licenses released by the ministry in between January-December 2023 stood at 1,379. The variety of existing and under-construction factories reached 11,549 by month-end, with overall financial investments of SAR 1.54 trillion, it included.