Business, Economy

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Saudi Arabian ministry issues 174 industrial licenses

The skirmishes came after Hizbollah chief said that the war between Israel and Hamas could turn into a regional conflict. (AFP)
By TRENDS Desk
November 4, 2023 1:17 am
  • The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
  •  A total of 82 factories started production in September, with investments worth US$506 million.

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September, at a total value of US$1.4 billion (SAR 5.3 billion).

 A total of 82 factories started actual production in September, with total investments of US$506 million (SAR 1.9 billion), the ministry said in a statement.

 It added that the total number of existing factories by the end of September reached 11,273.

The number of employees amounted to 7,139, of whom 1,599 are Saudis.

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