Saudi Ministry of Industry issues 268 new licenses, 149 factories begin production in May 2026
Saudi Arabia's Ministry of Industry issued 268 new industrial licenses and saw 149 factories begin production in May 2026, with investments exceeding SAR 2 billion.
In May 2026, Saudi Arabia's Ministry of Industry granted 268 new industrial licenses, marking a significant expansion of the country's industrial base. The National Center for Industrial and Mining Information, which collaborates with the ministry, reported that 149 factories commenced production during the same month. The investments associated with these new licenses exceeded SAR 2 billion, with factories generating over SAR 1.43 billion in revenue and creating more than 2,410 jobs.
The ministry spokesperson, Jarrah bin Mohammed Al-Jarrah, emphasized that these projects are set to generate more than 2,484 employment opportunities across various regions in the Kingdom. The ongoing increase in factories commencing actual operations highlights the Kingdom's commitment to industrial growth and transparency.
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