INSEAD Day 4 - 728x90

Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Saudi Arabia licenses 109 new factories worth $667m in March

The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6 billion. (SPA file photo)
By TRENDS Desk
April 23, 2022 11:32 am
  • With the new licenses, the total number of factories across the country is now 10,489
  • Meanwhile, the total number of workers in these licensed factories stands at 3,497

Data issued by Saudi Arabia’s Ministry of Industry and Mineral Resources has showed that the country issued licenses to 109 new factories worth over SAR2.5 billion ($666.67 million) in March.

The total number of workers in these licensed factories reached 3,497, local reports have said.

Meanwhile, with the new licenses, the total number of factories across the country stood at 10,489.

The total number of factories that began actual production reached 261 in March, with investments reaching SAR6 billion ($1.6 billion).

The total number of workers in these factories reached 11,478, according to the official data.

The total number of workers that joined the industrial sector in March reached 10,345.

They included 4,131 residents of Saudi Arabia.

[adinserter block="5"]

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

NYU Abu Dhabi team develops wireless pill to control gut neurons

Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

EVs just the start, urban mobility needs a holistic approach

Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
[adinserter block="4"]