Complex Made Simple

Saudi factories’ investments exceed SAR1 trillion

Investments in chemicals manufacture and production amounted to 45 per cent of the total

The value of capital invested in productive Saudi factories surged to approximately SAR1.01 trillion, including national, foreign and mixed investments in 23 business areas.

The value of national Saudi investments in productive factories stood at roughly SAR652 billion, comprising 64.7 per cent of the total, while mixed investments (national + foreign) totalled SAR349.2bn or 34.7 per cent and, finally, foreign investments were at SAR5.8bn or 0.6 per cent of the total.

By the end of the second quarter of the current year, the total number of productive factories stood at 6,970, according to data compiled and analysed by Al-Eqtisadiah.

The data indicates that the number of national Saudi productive factories reached 5,912, accounting for 84.8 per cent of the total.

Furthermore, the total number of workers at these factories reached 964,130 with national factories employing the overwhelming majority of 796,870 or 79 per cent of the total.

Investments in chemicals manufacture and production amounted to more than SAR456bn or 45 per cent of the total value of investments.

The total value of capital invested in coke manufacture and oil derivatives production stood at SAR139.8bn or 13.9 per cent of the total followed by other industries such as manufacture of non-metallic mineral products and foodstuffs manufacturing.

(SAR1 = AED0.98, at the time of publishing)