Arab News, Aug 10, 2022 | Muharram 12, 1444
Foreign or joint capital constitute 39% of total investments in KSA’s industrial sector, says ministry
RIYADH: Foreign or joint capital represents around 39 percent of the total
investments in the Kingdom’s industrial sector, the Saudi Ministry of Industry
and Mineral Resources said in a statement.
The announcement showed that foreign investments represent 15 percent of the
total number of existing and under construction factories as of May 2022.
It said the figures are indicative of the Kingdom’s ability to attract
qualitative investments in various economic sectors.
The number of factories with foreign investment in Saudi Arabia reached 839 by
the end of May, representing approximately 8 percent of the total number of
factories in the Kingdom, with investments estimated at over SR65 billion ($17
billion).
The number of joint factories stood around 787 with investments estimated at
over SR464 billion.
The number of industrial units owned by Saudis reached 9,049 constituting 85
percent of the total factores, with an investment volume estimated at SR832
billion.