Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

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

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]