Number of factories in Saudi Arabia crosses 12,000: Alkhorayef

The number of factories in Saudi Arabia has surpassed 12,000, reflecting significant investments driven by strong demand and stability, particularly in local content, Minister of Industry and Mineral Resources Bandar Alkhorayef said.

In an interview with Al Ekhbariya, Alkhorayef emphasized that Saudi factories are highly competitive, leveraging advanced technology and automation, along with adopting the Fourth Industrial Revolution.

He also highlighted the pivotal role of logistics services as a significant enabler, which has contributed to a notable increase in exports. This progress stems from enhanced infrastructure at ports and the facilitation of re-export activities.

Additionally, the minister underscored the importance of the energy mix, investments in renewable energy, and the cost efficiencies achieved in renewable energy production, noting their direct positive impact on citizens and society at large.