
Chemical industry investment in KSA hits $125bn
RIYADH, August 16, 2023
The total volume of investment in the chemical products industry in Saudi Arabia amounted to about SR470 billion ($125.31 billion), a report quoting the Ministry of Industry and Mineral Resources (MIM) said.
These investments constitute 35% of the total volume of investments in the industrial sector, a Saudi Gazette report said quoting Al-Eqtisadiah.
According to a report issued by the National Center for Industrial and Mining Information affiliated to the ministry, the total number of industrial licenses issued by MIM from the start of 2023 until the end of June reached 557.
The total number of industrial establishments in Saudi Arabia has reached 10,982 with an investment value exceeding SR1.4 trillion, the report said.