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KSA licenses 124 new factories in October with SAR 1.56bn capital

KSA licenses 124 new factories in October with SAR 1.56bn capital
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Riyadh – Mubasher: Saudi Arabia’s Ministry of Industry and Mineral Resources has issued 124 new industrial licences in October 2020 to companies having a combined total capital of SAR 1.56 billion and employing 4,976 workers.

The ministry added that the total number of existing and under construction industrial facilities reached 9,563 last month, compared with 9,445 in September and 8,691 in October 2019, according to an official statement on Wednesday.  

Moreover, the number of Saudi workers reached 2,986, while the number of expatriate workers totalled 1,594 during the past month.