17 factories open in Q3 of 2022: MoCI

DATA issued by the Ministry of Commerce and Industry (MoCI) showed the registration of 1,100 new local products and the operation of 17 new factories in the third quarter of 2022.

In a tweet on Sunday, the ministry revealed the indicators of the industrial sector for Q3 of 2022, noting that the value of exports of local origin in the third quarter amounted to QR136 billion, while the factories’ commitment to industrial requirements rate was at 72 percent.

The ministry highlighted that the contribution of manufacturing industries to the GDP in the second quarter of 2022 was QR24 billion. Meanwhile, the number of workers in factories increased by 840 workers, and the average time taken for industrial development services reached 1.5 days.

The data showed that the index of industrial production - manufacturing industries recorded 110.4 points in August.