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Saudi Arabia licenses 188 new factories in June

Saudi Arabia licenses 188 new factories in June
The factories have a total capital of SAR 2.18 billion

Riyadh - Mubasher: The Saudi Ministry of Industry and Mineral Resources has issued 118 new industrial licences during June 2020 to factories holding with SAR 2.18 billion of capital investments.

The newly-licensed factories will employ around 5,609 people, according to an official statement on Thursday. 

Factories operating in other nonmetals products accounted for the highest number of licences with 21, followed by plants working in the metal products industry, excluding machinery and equipment, as well as rubber and plastics industry with 16 licences each.

By June-end, the overall number of existing and under construction industrial facilities came at 9,211, compared with 9,094 at the end of May.