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Saudi Arabia issued permits for 885 new non-oil industrial projects with a combined value of nearly 28.7 billion Saudi riyals ($7.9 billion) in the first 11 months of 2022, according to the Industry and Mineral Resources Ministry.
The new permits boosted the total industrial projects in the largest Arab economy to 10,742 with a total value of SAR 1.41 trillion ($376 billion), it said in a report.
They comprise 1,371 mining permits, including 589 mine exploration, 172 mineral exploitation, and 36 for minerals surveying, the report said.
It showed 989 new projects with a value of nearly 28 billion riyals ($7.5 billion) were completed in 2022, adding that they cover mainly light and medium products, including building materials, chemicals, paper, furniture and home appliances.
(Writing by Nadim Kawach; Editing by Anoop Menon)
