BACKGROUND

The Kingdom’s industrial economy covers 16 strategic sectors and is distributed over 13 administrative regions throughout the country, according to the report from the ministry’s National Center for Industrial and Mining Information.

Center for Industrial and Mining Information.

The Saudi industrial sector attracted investments worth SR70 billion ($18.7 billion) from the beginning of 2021 till the end of July, Bandar Alkhorayef, minister of industry and mineral resources, said in a tweet last month.

“This leap is a translation of the support of our wise leadership and the industrial transformation that the Kingdom is witnessing, a golden age for industry, and an important indicator that reflects the attractiveness of the sector and its ability to attract capital,” the minister said.

A separate statement issued by the ministry said it approved the establishment of 48 new factories in July while the number of new industrial units that became operational reached 78.