The Ministry of Industry and Mineral Resources announced on Monday that it issued 82 new industrial licenses during the month of November, distributed across six industrial activities.
The food products industry led the new licenses with 16 licenses, followed by the manufacture of other non-metallic mineral products with 14 licenses, then the manufacture of fabricated metals excluding machinery and equipment with 12 licenses, and then the manufacture of paper and paper products, the manufacture of clothing, and the manufacture of chemicals and chemical products with 5 licenses each.
The report issued by the National Center for Industrial and Mining Information, affiliated with the Ministry, revealed that the total number of industrial licenses issued by the Ministry from the beginning of 2022 until the end of last November amounted to 885 licenses, while the number of existing factories in the Kingdom until the end of the same month reached 10,742 factories, with an investment volume of 1.419 trillion riyals.
The report explained that the volume of investments in new licenses for the month of November amounted to 7.175 billion riyals, while small establishments accounted for most of the new industrial licenses during the same month at a rate of 85.37 %, followed by medium establishments at a rate of 12.20 %, then micro establishments at a rate of 2.44 %, while national factories recorded the largest percentage of the total licenses issued according to the type of investment at a rate of 82.93 %, followed by foreign establishments, and joint investment establishments at a rate of 8.541 TP3T for each of these categories.
The report of the National Center for Industrial and Mining Information indicated that the number of factories that started production during last November reached 50 factories, with investments amounting to 830 million riyals. Non-metallic mineral factories topped the list with 11 factories, followed by food factories with 10 factories, chemical factories with 6 factories, then rubber and plastics factories, basic metal factories, and fabricated metal factories with 4 factories each. National factories accounted for the total number of factories that started production with a percentage of 90%, followed by foreign factories with 6%, and then joint factories with 4%.
The report showed that the new industrial licenses were distributed across 10 administrative regions, with the Riyadh region leading with 30 licenses, followed by the Eastern region with 21 licenses, then the Makkah region with 10 licenses, the Madinah region with 8 licenses, the Asir region with 4 licenses, the Qassim region with 3 licenses, then the Jazan region and the Hail region with two licenses each, and the Al-Jawf region and the Najran region with one license each.
It is worth noting that the Ministry of Industry and Mineral Resources issues, through the National Center for Industrial and Mining Information, on a monthly basis the most important industrial indicators, which clarify the nature of the movement of industrial activity in the Kingdom, in addition to revealing the size of the change that the sector is witnessing in new industrial investments, and the size of the jobs provided by the sector.
