The number of factories in Saudi Arabia increased by 10%.
- The number of licensed factories in the Kingdom increased by 1,379, a 10% increase over the last year.
- 11,549 factories were operating at the end of 2023 with a total investment of USD399 billion.
- The highest performing activities were Manufacturing, Food products, Non-metallic mineral products, Formed metal products and rubber and plastic products.
The Ministry of Industry and Mineral Resources reported a 10 percent increase in industrial body units in Saudi Arabia, rising to 11,549 in 2023.
Jarrah bin Mohammed Al-Jarrah, spokesman for the Minister of Industry and Mineral Resources stated:
As per the statement by the spokesperson of the ministry, 11,549 factories have received new licenses for 25 industrial activities.
The total estimated investment in these activities is SAR1.541 trillion (USD 399 billion).
The top four activities that received licenses are food products manufacturing, non-metallic mineral products manufacturing, formed metal products manufacturing, and rubber and plastic products manufacturing.
The highest number of industrial licenses totaling 1,043 were issued to National establishments.
licenses were issued to joint and foreign investments 336 with 142 and 194 respectively.’
The Ministry of Industry and Mineral Resources releases industrial indicating data monthly through the National Industrial and Mining information center.
SMEs accounted for the overwhelming majority of the licenses issued accounting for the kingdom’s efforts to support rising businesses which totaled to:
The number of licenses depending on enterprise size:
- Micro-sized enterprises: 15 licenses.
- Small-sized establishments: 1,203 licenses.
- Medium-sized establishments: 158 licenses.
- Large-sized establishments: 3 licenses.
licenses per region:
- Riyadh region: the region had the highest number of licenses issued at 479.
- Eastern region: the second highest number of licenses issued at 340.
- Makkah region: the second highest number of licenses issued at 269.
- Qassim region: the fourth highest number of licenses issued at 87.
- Madinah region: the least number of licenses issued at 79.
