{
Yousef Al-Jarrah

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Saudi Arabia launches 103 new factories with 240 million dollars in investments

Saudi Arabia launched 103 new factories in January, attracting $240 million in investments and creating 1,504 jobs, as part of its Vision 2030 strategy to diversify the economy. The industrial sector continues to grow, with a 1.3% rise in the Industrial Production Index and a 10% year-on-year increase in industrial units, reaching 11,549. The Kingdom aims to have 36,000 factories by 2035, including 4,000 fully automated facilities.
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11:24 09.04.2025
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