Foreign and joint investments in Saudi industrial sector exceeds $146bn
There are a total of 930 factories with foreign investment in the Kingdom, comprising 9% of the overall factory count.
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the volume of foreign and joint investments in the country’s industrial sector amounts for 37 percent of the total sector investments, amounting to over 542 billion riyals (US$146.3 billion). This represents 17 percent of the total number of existing factories as of May 2023.
According to the ministry, there are a total of 930 factories with foreign investment in the Kingdom, comprising 9% of the overall factory count, with investments surpassing 71 billion riyals. Additionally, there are 924 factories with joint investment, making up 8% of the total factories, with investments valued at over 470 billion riyals. Overall, the industrial sector boasts 10,910 factories, with investments amounting to more than 1.455 trillion riyals.
The Ministry highlights that foreign investments are primarily concentrated in certain industrial activities. Notably, the manufacture of metalwork products has 156 factories, followed by the manufacture of rubber and plastic products with 106 factories, and the manufacture of other non-metallic mineral products with 97 factories. The manufacturer of chemical industry and chemical products recorded 78 factories, while the manufacture of food products accounted for 73 factories.
As for joint investments, the majority are focused on the manufacture of chemical materials and chemical products, with 161 factories. This is followed by the manufacture of shaped metal products with 112 factories, and the manufacture of rubber and plastics products with 83 factories. The activity of manufacturing other non-metallic mineral products also had 83 factories. It is worth noting that small factories make up the largest portion of the total foreign and joint investments in the sector, with 874 factories, followed by medium-sized factories with 754, and 255 large factories.
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