Ministry of Industry and Mineral Resources issues 124 industrial licenses in January 2023
RIYADH, Saudi Arabia, March 29, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources announced the issuance of 124 new industrial licenses during the month of January 2023.
- RIYADH, Saudi Arabia, March 29, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources announced the issuance of 124 new industrial licenses during the month of January 2023.
- The licenses were distributed across five industrial categories, with 29 licenses issued for food manufacturing, 18 licenses issued for non-metallic mineral production, 12 licenses issued for manufacturing chemicals and chemical products, 11 licenses for metal product manufacturing (excluding machinery and equipment), and 8 licenses for the manufacturing of rubber and plastic products.
- Data from the Ministry also indicated that investments into new licenses for the month of January 2023 amounted to 2.4 billion riyals, with small businesses acquiring 86% of new industrial licenses, medium-sized enterprises 11%, and micro-sized businesses 2.5%.
- The Ministry of Industry and Mineral Resources regularly releases vital information on industrial and mining activities through the National Center for Industrial and Mining Information.