{"id":83851,"date":"2024-02-28T00:00:00","date_gmt":"2024-02-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/"},"modified":"2024-02-28T00:00:00","modified_gmt":"2024-02-28T00:00:00","slug":"a-snapshot-of-what-happened-in-manufacturing-last-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/","title":{"rendered":"A snapshot of what happened in manufacturing last year"},"content":{"rendered":"

The number of factories in the Kingdom climbed 10% y-o-y to reach 11.6k in 2023<\/strong> with cumulative investments worth SAR 1.5 tn, according to an Industry and Mineral Resources Ministry post on X<\/a>. <\/p>\n

Industrial licenses:<\/strong> Some 1.4k licenses were issued in 2023 with investments worth SAR 81 bn in investments. Local firms secured two thirds of these licenses, followed by foreign firms at 194 licenses, and JVs at 142. <\/p>\n

SMEs are leading the charge:<\/strong> Small establishments issued the majority of licenses with 1.2k followed by medium-sized establishments (158), micro-enterprises (15), and large establishments (3).<\/p>\n

The most active sectors:<\/strong> Food product manufacturing led with 244 licenses, followed by nonmetallic mineral production (176), metal forming products (165), and rubber\/plastic product manufacturing (123).<\/p>\n

More licenses were handed out to businesses in Riyadh (479) than anywhere else in the <\/strong>Kingdom<\/strong>, followed by the Eastern Pegion (340), then Makkah (269), Qassim (87), and Madinah (79). <\/p>\n","protected":false},"excerpt":{"rendered":"

Some 1.4k industrial licenses were issued last year<\/p>\n","protected":false},"author":1,"featured_media":83852,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[10,31,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam-ksa","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"e26b14b2-9485-48c0-9cb4-e60f11d924d7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2732.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A snapshot of what happened in Saudi\u2019s manufacturing sector last year","related_issue":[83837],"teaser":"Some 1.4k industrial licenses were issued last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.0870c396-0be3-4604-bd4f-742b33e7e7f7.mp3"},"yoast_head":"\nA snapshot of what happened in manufacturing last year - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A snapshot of what happened in manufacturing last year\" \/>\n<meta property=\"og:description\" content=\"Some 1.4k industrial licenses were issued last year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2732.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"A snapshot of what happened in manufacturing last year\",\"datePublished\":\"2024-02-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2732.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"INVESTMENT WATCH\",\"manufacturing\"],\"articleSection\":[\"MANUFACTURING\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/28\/a-snapshot-of-what-happened-in-manufacturing-last-year\/\",\"name\":\"A snapshot of what happened in manufacturing last year - 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