The Saudi Ministry of Industry and Mineral Resources issued 30 new industrial licenses in July, according to a new report. These licenses are linked to investments totaling 973 million riyals in July alone, Saudi Press Agency (SPA) reported.
The furniture industry was issued with seven licenses, as were the food products, and manufacturing products of formed metals, industries, the report issued by the National Center for Industrial and Mining Information indicated.
Other non-metallic minerals firms received three licenses each, the Ministry said.
The total number of industrial licenses issued by the ministry since the beginning of this year amounted to 531.
The number of existing and under-construction factories in the Kingdom until the end of the same month reached 10,685, with investments amounting to 1.367 trillion riyals ($363.3 billion).
It also indicated that small enterprises acquired most of the new industrial licenses during the same month with a rate of 86.67 percent, followed by medium enterprises with 13.33 percent.
National factories recorded the largest percentage of the total licenses issued by a type of investment, with 73.33 percent, followed by foreign enterprises by 20 percent, and joint investment enterprises by 6.67 percent.
Moreover, the report also showed that the new industrial licenses were distributed among five administrative regions, topped by the Riyadh region with 15 licenses.
