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

Saudi Industry Investments Exceed $346 Billion

Authority Kingdom King Charles III
A panel discussion tackled the role of national industry in facing risks, during the Budget 2023 Forum in Riyadh. (Asharq Al-Awsat)

The value of investments in the Saudi industrial sector amounted to 1.3 trillion riyals ($346.6 billion), with the imminent activation of the Kingdom’s National Strategy for Industry by the beginning of 2023.

Eng. Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), pointed to the rapid and qualitative growth of military industries in the Kingdom.

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