Logo of Ministry of Industry and Mineral Resources
The number of factories in Saudi Arabia rose by 10% to 11,550 in 2023 from 10,520 a year earlier, data issued by Ministry of Industry and Mineral Resources showed.
New industrial licenses reached nearly 1,379 in 2023 with total investments of over SAR 82 billion. Production started in 1,058 factories with investments worth SAR 45 billion.
The total of investments in existing factories that reach 11,550 amounted to SAR 1.54 trillion.
Jarrah Al-Jarrah, Spokesperson for the Ministry, said the new licenses were distributed across 25 industrial activities. The manufacturing of food products came on top with 244 licenses, followed by the production of nonmetallic minerals with 176 licenses, metals forming products with 165, and finally, the manufacturing of rubber and plastic products with 123 licenses.
He pointed out that national establishments secured the highest number of issued industrial licenses with 1,043, followed by foreign investment establishments with 194, and joint investment establishments with 142. Small establishments obtained the majority of issued licenses with 1,203, followed by medium-sized establishments with 158, micro-enterprises with 15, and finally, large establishments with three.
Key Industrial Indicators in 2023 | |
New licenses in industrial sector | 1,379 |
Investment size in new factories (SAR bln) | 82 |
Number of factories that started production | 1,058 |
Investment size in factories that started production (SAR bln) | 45 |
Total number of factories | 11549 |
Investment size in factories across the Kingdom (SAR trln) | 1.54 |
Riyadh had the largest share of issued licenses, with a total of 479. The Eastern Region came second with 340 licenses, followed by Makkah (269), Qassim (87), and Madinah (79).
The factories that commenced production in 2023 were distributed across 24 industrial activities. The manufacturing of non-metallic minerals came at the forefront with 228 factories, followed by the food manufacturing with 175 factories. Metals forming came next with 119 factories.
National factories accounted for the highest number of new facilities that came on stream with 868, followed by factories with foreign investments (116), and factories with joint investment (74).
In terms of production commencement, the Eastern region had the highest number of factories with 274, followed by Riyadh (268), Makkah (174), and Qassim (93).
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