Riyadh – Sharikat Mubasher: Bandar Alkhorayef, Minister of Industry and Mineral Resources said that the industrial licenses issued in Saudi Arabia will reach the 1,100 licenses by the end of 2024, adding that construction works already took place in 900 factories.

The Minister made his remarks during the ‘sustainable development in budget’ session that took place as part of the 28th Annual World Investment Conference in Riyadh.

Alkhorayef also revealed that Saudi Arabia has attracted over $160 billion in investments to its market—nearly triple previous figures. Capital in the mining sector has grown to $1 billion, while investments in mineral wealth have exceeded $260 million.

Al-Khorayef highlighted the Kingdom’s commitment to building strong, reliable partnerships through strategies that prioritize supply chain development and sustainability.