Latest news with #SR3.25
Time of India
15-07-2025
- Business
- Time of India
Saudi Arabia Industrial Jobs: Saudi Arabia creates 4,700 jobs through industrial expansion, ETHRWorldEMEA
Advt By , Agencies Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Saudi Arabia's industrial sector continues to gain momentum, with more than 4,700 jobs created in May 2025 alone, driven by the issuance of 155 new industrial licenses and the launch of operations at 122 factories. According to the Ministry of Industry and Mineral Resources , the newly licensed projects are expected to create 2,450 job opportunities, while factories that began production last month generated 2,329 combined investments tied to these developments exceeded SR4.18 billion—SR3.25 billion for new licenses and SR930 million for operational factories, marking a strong month for industrial job generation and capital figures reflect the impact of Saudi Arabia's broader push to expand its industrial base under the National Industrial Development and Logistics Program (NIDLP). The initiative targets growth in four strategic sectors—industry, mining, energy, and logistics, to position the Kingdom as a global industrial and logistics such as the 'Made in Saudi' campaign and a suite of government-backed incentives continue to attract both local and foreign industrial investments , reinforcing economic diversification and job creation goals under Vision 2030. As more factories transition from licensing to production phases, the Kingdom's workforce stands to benefit from a steady pipeline of employment opportunities across regions.
Saudi Gazette
14-07-2025
- Business
- Saudi Gazette
Saudi Arabia issues 155 new industrial licenses in May
Saudi Gazette report RIYADH — Saudi Arabia issued 155 new industrial licenses in May 2025, while 122 factories began actual production during the same month, according to the latest monthly report by the National Industrial and Mining Information Center under the Ministry of Industry and Mineral Resources. The report, which tracks key monthly indicators in the sector, revealed that the total investment tied to the new licenses exceeded SR3.25 billion. These upcoming industrial projects are expected to generate 2,450 job opportunities across various regions of the Kingdom. Meanwhile, the value of investments in factories that commenced production in May reached SR930 million, with 2,329 new jobs created. The data underscores the continued expansion of Saudi Arabia's industrial base and the accelerating pace of factories moving into operational phases. The Kingdom has rolled out several initiatives to boost the industrial sector, notably the National Industrial Development and Logistics Program (NIDLP), aimed at transforming Saudi Arabia into a global industrial powerhouse and logistics hub by focusing on four core sectors: industry, mining, energy, and logistics. Saudi Arabia has also launched the 'Made in Saudi' initiative to encourage both local and international consumers to buy domestically produced goods and to enhance awareness of the high quality of national products. Additionally, the government is promoting industrial investment by offering a range of incentives and facilitations to both local and foreign investors, with the goal of increasing capital inflows and diversifying the industrial landscape.
