The Saudi Ministry of Industry and Mineral Resources reported that the overall volume of industrial investments had reached SAR 1.339 trillion.
According to the Saudi National Center for Industrial and Mining Information, 106 new enterprises commenced operations in January, with an estimated investment of SAR 1.6 billion.
The Saudi Ministry of Industry and Mineral Resources said that 79 new industrial licenses were issued in January According to SPA.
In January of this year, 67 licenses were issued, bringing the total number of valid licenses in the industry to 1989.
The “Monthly Bulletin for Industry and Mining” is published by the Saudi Ministry of Industry and Mineral Resources to shine a light on the most important industrial and mining figures and indicators and to improve transparency in the two sectors.
One of the Vision 2030 initiatives aims to turn the Kingdom into a premier industrial power and a worldwide logistical platform, with mining as the third pillar of the national economy.