Latest news with #NationalIndustrialandMiningInformationCenter
Argaam
22-04-2025
- Business
- Argaam
Industry Ministry issues 105 licenses in February
Ministry of Industry and Mineral Resources issued 105 new industrial licenses in February, while 113 new factories began production, according to the National Industrial and Mining Information Center (NIIC). The ministry said in a statement today, April 22, that investments linked to these new licenses surpassed SAR 1.02 billion, with the related projects expected to create over 1,504 job opportunities across the Kingdom. Investments in factories that started production in February totaled SAR 900 million, generating 4,114 new jobs. This underpinned the ongoing expansion of the Saudi industrial base and the rising pace of factories entering into force, the statement added.
Arab News
22-04-2025
- Business
- Arab News
Saudi Arabia posts 66.7% rise in industrial licenses in February
JEDDAH: Saudi Arabia issued 105 new industrial licenses in February, marking a 66.7 percent increase compared to January, supporting the Kingdom's drive for economic growth and diversification. A total of 113 factories also commenced production during the second month of the year, representing a 9.7 percent increase in comparison with the previous month, according to a statement issued by the Ministry of Industry and Mineral Resources. According to a report from the ministry's National Industrial and Mining Information Center, the new licenses represent investments exceeding SR1.02 billion ($272 million) and are expected to create 1,504 jobs. These developments are part of a broader trend in the sector. An official study revealed that 1,346 new industrial permits were issued in the first quarter of 2024, paving the way for over 44,000 new job opportunities and attracting investments surpassing SR50 billion ($13.3 billion). They also align with Saudi Arabia's National Industrial Strategy, unveiled by Crown Prince Mohammed bin Salman in October 2022, which seeks to accelerate sector growth and raise the number of factories across the Kingdom to approximately 36,000 by 2035. The strategy targets 12 sub-sectors and outlines over 800 investment opportunities, valued at SR1 trillion, with the goal of tripling the nation's industrial gross domestic product. The issuance of permits also correlates with the Kingdom's National Industrial Development and Logistics Program, launched in 2019, to support the industrial sector and drive sustainable development. The ministry added in its statement that factories entering the production phase attracted investments totaling SR900 million and generated 4,114 new jobs, underscoring the continued growth and expansion of the country's industrial base as these establishments reach full operational capacity. Saudi Arabia's Industrial Production Index recorded a 1.3 percent year-on-year increase in January, driven by sustained growth in manufacturing and waste management, according to the General Authority for Statistics. Monthly, the index remained steady at 103.9, unchanged from December. The manufacturing sub-index posted a 4 percent annual rise, supported by a 4.3 percent increase in the production of coke and refined petroleum products, as well as a 4.2 percent uptick in chemicals and chemical products. The report, which monitors key industrial indicators, also revealed that investments linked to newly issued industrial licenses reached SR1.197 billion, with the associated projects expected to create more than 2,500 job opportunities across the Kingdom.
Leaders
09-04-2025
- Business
- Leaders
Ministry of Industry, Mineral Resources Grants 63 New Industrial Licenses
The Ministry of Industry and Mineral Resources granted 63 new industrial licenses in January 2025, while 103 factories began production, according to a report from the National Industrial and Mining Information Center. The report, which tracks monthly industrial performance, revealed that the newly licensed projects represent a total investment of SAR 1.197 billion. These initiatives are projected to generate over 2,500 job opportunities across various regions of the Kingdom. Meanwhile, factories that commenced operations in January recorded investments totaling SAR 900 million, with approximately 1,504 new jobs created. These figures underscore the Kingdom's ongoing efforts to expand its industrial base and the accelerating pace of factory operations. Related Topics : Saudi Industrial Licenses Approvals Witness Remarkable Increase Ministry of Industry Issues 174 New Industrial Licenses Saudi Arabia's Life Expectancy Hikes to 78.8 Years in 2024 Commerce Ministry Announces New Trade Name Procedures for Saudi Businesses Short link : Post Views: 18 Related Stories
Arab News
08-04-2025
- Business
- Arab News
Saudi Arabia boosts industrial output with 103 new factories
JEDDAH: Saudi Arabia's Ministry of Industry and Mineral Resources has announced the launch of 103 new factories in January, marking a significant milestone for the Kingdom's industrial sector. These factories attracted a total investment of SR900 million ($240 million), generating approximately 1,504 new jobs and underscoring the continued growth of the country's industrial landscape. The announcement, made on April 8, highlights the increasing number of establishments reaching full operational capacity. In January, the ministry also issued 63 new industrial licenses, according to the National Industrial and Mining Information Center, which operates under the ministry. As part of its Vision 2030 initiative, Saudi Arabia is accelerating efforts to diversify its economy, with the industrial and manufacturing sectors playing a key role in reducing the country's reliance on oil. Programs like the National Industrial Development and Logistics Program are central to the Kingdom's strategy, aiming to establish Saudi Arabia as a leading regional hub for advanced manufacturing, with a focus on petrochemicals, mining, and renewable energy. Saudi Arabia is set to transform its industrial landscape with plans to increase the number of factories to 36,000 by 2035, including 4,000 fully automated facilities. This ambitious goal is part of the Kingdom's strategy to foster a dynamic, innovation-driven industrial sector. In January, the country's industrial production index saw a 1.3 percent year-on-year increase, driven by continued growth in manufacturing and waste management, according to the General Authority for Statistics. The index remained stable month-on-month at 103.9, maintaining the same level as in December 2024. The manufacturing sub-index rose by 4 percent annually, supported by a 4.3 percent increase in the production of coke and refined petroleum products, along with a 4.2 percent rise in chemicals and chemical products. The report, which tracks key industrial indicators, showed that investments related to new industrial licenses amounted to SR1.197 billion, with these projects expected to generate over 2,500 new job opportunities across the Kingdom. In 2023, the number of industrial units in Saudi Arabia surged by 10 percent year-on-year, reaching 11,549, according to the Ministry of Industry and Mineral Resources. Jarrah Al-Jarrah, a spokesman for the ministry, also revealed that the new industrial organizations were established with an investment totaling SR1.54 trillion.
Zawya
18-03-2025
- Business
- Zawya
Saudi Arabia's valid mining licences hit 2,401 in 2024
Saudi Arabia's Ministry of Industry and Mineral Resources announced that the number of valid mining licenses in the kingdom reached 2,401 in 2024. These licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations, reported SPA. As per 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the lion's share of these licences went to building materials quarries section totalling 1,481. The exploration sector came second in the list with 642 licences followed by mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22), it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
