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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

New Saudi Industrial Licenses Exceed USD 266 Million

Saudi Arabia
People are seen at the pier of Jeddah Waterfront, in Jeddah, Saudi Arabia February 17, 2018. (Reuters)

Saudi Arabia announced the issuance of 79 new industrial licenses in May, bringing the total since the beginning of 2022 to 411 new licenses.

Meanwhile, a report by the National Center for Industrial and Mining Information of the Ministry of Industry and Mineral Resources revealed that the volume of investment in modern facilities exceeded SAR 1 billion (USD 266 million).

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