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Saudi SME sector to prosper amid 23 new initiates by Monsha at

RIYADH: Small and medium enterprises in Saudi Arabia are set to prosper thanks to 23 new initiatives launched by the SME General Authority, also known as Monsha’at. The plans are linked to seven strategic goals embedded within programs affiliated with Vision 2030 the economic diversification strategy which will see the Kingdom move away from its reliance on the oil trade,

46 mining licences issued by Saudi Arabia in January

The Saudi Ministry of Industry and Mineral Resources has issued 46 new mining licences during January 2023, including 31 exploration licences, 14 building materials quarry licences, and an excess mineral ores licence.

Saudi Industry Ministry issues 18 mining licenses in February

RIYADH: Mining licences in Saudi Arabia continue to be handed out as the sector pushes ahead with growth, with 18 new permits issued in February. According to the Saudi Ministry of Industry and Mineral Resources, this number is down from the 46 handed out in January, but still shows growth in a section of the economy the Kingdom is keen to develop. The ministry issued nine

Investments in Saudi logistics sector touch $559m, says Modon official

RIYADH: Saudi Arabia’s logistics sector has seen unprecedented growth in recent years, with the volume of investment currently reaching SR2.1 billion ($559 million), revealed a top official. The investment was facilitated by as many as 208 logistical contracts and leased areas measuring to 3.2 million sq. m, under the Saudi Authority for Industrial Cities and Technology Zones,

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