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Sunday, Sep 26, 2021

Saudi Arabia: Industry draws USD18.7B in 7 months, reports minister

Saudi Arabia: Industry draws USD18.7B in 7 months, reports minister

From the opening of 2021 till the last part of July the Saudi manufacturing industry drew shareholdings valued at USD18.7 billion, Bandar Alkhorayef, minister of industry and mineral resources, tweeted.
While the amount of fresh industrial units that became equipped amounted 78, an individual declaration released by the ministry reported that it permitted the creation of 48 fresh factories with a whole investment of USD13, 33 billion in July.

The amount of Saudis and expatriates operating in the Kingdom’s economic industry went up by 1,101 and 1,830 correspondingly in July this year.

With investments greater than USD346, 6 trillion the whole amount of industrial units in Saudi Arabia at this time sets at 10,166.
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