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Industrial license issued every 3 hours
During the first half of 2026, Saudi Arabia issued 1,524 new industrial licenses with a total investment of approximately 26.57 billion Riyals, averaging about one license every three hours. Additionally, 798 factories entered the production phase with investments totaling around 8.19 billion Riyals. June was the most active month for issuing licenses, with 364 licenses issued—up 35.8% compared to May—and it is expected to create more than 3,138 job opportunities. Despite the expansion of the factory base and the increase in licenses, the industrial production index decreased by 16.3% year-over-year in June, affected by declines in mining and manufacturing sectors. However, these figures represent a step forward in strengthening domestic production capacity.
Notice: This Is an AI-Generated Summary
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