Saudi Arabia s investment in food sector hits $23bln zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The report issued by the National Center for Industrial Information, also said that the number of operating industrial facilities has reached 10,029 by the end of April with investments valuing more than SR1.133 trillion.
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The Saudi Ministry of Industry has announced that 102 new factories were licensed in the Kingdom during March, with investments totalling around SR15.2 billion ($4.05 billion), an increase of 55 percent year-on-year.
Data from a report by the National Center for Industrial Information showed that 39 new factories started production in March, a month-on-month increase of 26 percent.
The new licenses brought the number of factories in the Kingdom, including those under construction, to 9,958 in March 2021. Additionally, the number of Saudi workers and expats in the industrial sector increased by 2,146 and 826, respectively, in March, a total of 2,972 new jobs.
Bandar Al-Khorayef, Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority, also announced this month the launch of the Made in Saudi program. The initiative aims to support national products and services at both the local and global levels.