The Ministry of Industry and Mineral Resources issued 152 new industrial licenses during January 2024, distributed across five industrial activities.
The food industry leads in new licenses.
The food products manufacturing activity topped the list of new licenses with 27 licenses, followed by the other non-metallic mineral products activity with 20 licenses, then the fabricated metal products activity excluding machinery and equipment activity with 19 licenses, then the rubber and plastic products manufacturing activity with 18 licenses, and finally the chemical materials and chemical products manufacturing activity with 14 licenses.
Industrial investments amount to 1.539 trillion riyals
The report issued by the National Center for Industrial and Mining Information, affiliated with the Ministry, explained that the total number of industrial licenses issued by the Ministry from the beginning of this year until the end of January was 152 licenses, while the number of existing and under-construction factories in the Kingdom until the end of the same month reached 11,672 factories, with an investment volume of 1.539 trillion riyals.
Industrial investments in January 2024 amounted to 6.2 billion riyals.
The report stated that the volume of investments in new licenses for the month of January amounted to 6.2 billion riyals, and small establishments, according to the size of the establishment, accounted for most of the new industrial licenses during the same month, with a percentage of 89.47%, followed by medium establishments with a percentage of 8.55%, and large establishments with a percentage of 1.32%, while national factories recorded the largest percentage of the total licenses issued according to the type of investment, with a percentage of 75.66%, followed by foreign establishments with a percentage of 14.47%, and joint investment establishments with a percentage of 9.87%.
The report of the National Center for Industrial and Mining Information indicated that the number of factories that started production during the past month of January reached 79 factories, with an investment volume of 1.3 billion riyals, led by food factories with 13 factories, followed by fabricated metal factories with 11 factories, then rubber and plastics factories with 9 factories, paper factories with 7 factories, then furniture factories, and basic metals factories with 6 factories each. National factories accounted for the total number of factories that started production, with a percentage of 78.48% according to the type of investment, followed by factories with foreign investment with 12.66%, and joint factories with 8.86%.
It is worth mentioning that the Ministry of Industry and Mineral Resources, through the National Center for Industrial and Mining Information, issues on a monthly basis the most important industrial indicators that clarify the nature 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 factories that have started production.
Key industrial indicators and figures for January 2024. # #Industry_and_Mineral_Resources pic.twitter.com/E2u7lmFFte
— Ministry of Industry and Mineral Resources (@mimgov) March 14, 2024
