Riyadh – Sharikat Mubasher: The minister of industry and mineral resources has issued 73 new industrial licenses during June of 2023.

These licenses are divided into 5 industrial activities, topped with the activity of making food products with 19 licenses, according to the report issued by the Ministry's National Industrial and Mining Information Center.

The second activity that has the highest number of licenses is the activity of making base metals with 7 licenses, followed by the activity of manufacturing chemicals and their products.

This is in addition to the manufacture of non-metallic mineral products with 6 licenses for each, then came the activity of manufacturing the transformative Industries with 5 licenses.

According to the report, the total industrial licenses issued by the Ministry since the start of 2023 until the end of June has amounted to 557.

The total number of the industrial establishments in Saudi Arabia has reached 10,982 factories, with an investments value exceeding SAR 1.4 trillion.

The report indicated that the investments value in the new licenses for June amounted to SAR 1.8 billion.

Further, the small establishments acquired the most-new industrial licenses in June by 86.30%, followed by the medium establishments by 12.33%, then the micro-enterprises by 1.37%.

The national factories have the largest percentage from the total licenses issued according the investment type by 72.60%, followed by the foreign establishments by 16.44%, then the establishments with joint investment by 10.96%.