Saudi Arabia’s new industrial licenses rise 5.1% in November

RIYADH: Industrial projects worth SR7.2 billion ($1.9 billion) were approved by Saudi Arabia in November as the Kingdom signed off on 82 new licenses – a month-on-month rise of 5.1 percent, according to the National Industrial and Mining Information Center.

The number of permits issued in November 2022 is 14 more than were awarded in the same month a year earlier.

Small enterprises acquired 85.3 percent of the new industrial licenses, followed by medium enterprises at 12.2 percent, and then micro enterprises with 2.44 percent.