Factory investments in Saudi Arabia touched 1.433 trillion riyals ($382.1 billion) during the first quarter of this year, an increase of 6.5 percent compared to the same period last year, which recorded 1.345 trillion riyals ($358.6 billion).
According to the statistical bulletin for industrial licenses issued by the Saudi Ministry of Industry and Mineral Resources, the number of existing factories in the Kingdom exceeded 10.8 thousand factories, compared to 10.4 thousand factories in the first quarter of last year, an increase of 3.1 percent.
Saudi factories were able to employ more than 725.5 thousand workers during the first quarter of this year, compared to the same period of the previous year (648.8 thousand), with a growth rate of 11.8 percent.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
