Total investment in Saudi chemical products industry hits $125.2bln

Getty Images

The Ministry of Industry and Mineral Resources (MIM) said these investments constitute 35% of the total volume of investments in the industrial sector

Staff Writer, Saudi Gazette

August 14, 2023

PHOTO

The total volume of investment in the chemical products industry in Saudi Arabia amounted to about SR470 billion.

Speaking to Al-Eqtisadiah, the Ministry of Industry and Mineral Resources (MIM) said these investments constitute 35% of the total volume of investments in the industrial sector.

According to a report issued by the National Center for Industrial and Mining Information affiliated to the ministry, the total number of industrial licenses issued by MIM from the start of 2023 until the end of June has reached 557.

With this number of industrial licenses within the past 6 months. the total number of industrial establishments in Saudi Arabia has reached 10,982 with an investment value exceeding SR1.4 trillion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.