Saudi Arabia issues over 500 industrial licenses attracting $3.6bn investments in H1 

Saudi Arabia issues over 500 industrial licenses attracting $3.6bn investments in H1 

RIYADH: The Saudi Ministry of Industry and Mineral Resources saw an investment volume of SR13.7 billion ($3.6 billion) as it issued 501 new industrial licenses during the first six months of 2022. During the same period, 721 factories started production, attracting investments amounting to SR19.10 billion, the ministry’s monthly bulletin showed. This has brought the total volume of investments in the industrial sector until June to SR1.36 trillion, with a total of 10,675 factories. The bulletin further revealed that the industrial sector created over 26,000 jobs during the first six months of 2022.