2,986 jobs created for Saudis in industrial sector in a month, says report

2,986 jobs created for Saudis in industrial sector in a month, says report
Industrial units in the Kingdom grew by 1.3 percent in a month. (AFP/File)
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Updated 12 November 2020

2,986 jobs created for Saudis in industrial sector in a month, says report

2,986 jobs created for Saudis in industrial sector in a month, says report
  • Licenses issued to 124 industrial units in October with total investment reaching SR1.56bn

JEDDAH: Saudi Arabia’s Ministry of Industry and Mineral Resources issued licenses to 124 industrial units in October 2020 with total investments reaching SR1.56 billion, official data showed.

According to the ministry’s data, the number of Saudi workers in the industrial sector rose by 2,986 in October.

The total number of existing and under-construction factories hit 9,563 across the Kingdom in October, compared to 9,445 in September 2020.

Industrial units in the Kingdom grew by 1.3 percent in a month.

Minister of Industry and Mineral Resources Bandar Al-Khorayef tweeted: “The industrial sector continued its positive trending for the month of October by employing around 3,000 Saudis and licensing 124 factories that will help create 5,000 jobs in future.”

He expressed his satisfaction over the growth of the industrial sector despite the ongoing coronavirus disease (COVID-19) pandemic that has affected global business.

The Kingdom is working to diversify its economy by encouraging programs to increase exports of goods and services other than oil and related products.

Under the Vision 2030 reform plan, the Kingdom aims to boost its non-oil exports to 50 percent by 2030.

To achieve this goal, the Saudi Export Development Authority will launch a “Made in Saudi” initiative in the first quarter of 2021 to accelerate the industrialization process and transform the Kingdom into a global industrial destination.

The “Made in Saudi” program will provide attractive membership schemes for local companies that meet eligibility criteria. Members will be given fast-tracked access to promotional opportunities together with incentives in partnership with the public and private sectors.

The Kingdom is also planning to accept new mining license applications in December 2020.

The Saudi mining strategy and the Kingdom’s National Industrial Development and Logistics Program (NIDLP) aim to transform the mining sector into the Kingdom’s third pillar of the industry, effectively creating an industry that could compete globally and stand on equal footing with the Kingdom’s already established dominance in petroleum and petrochemicals.

The Saudi government recently announced a comprehensive revision of the Saudi Mining Investment Law that provides a robust and transparent legal framework for the mining sector.

 
 


Saudi Arabia confirms 10 COVID-19 deaths, 234 new cases

Updated 04 December 2020

Saudi Arabia confirms 10 COVID-19 deaths, 234 new cases

Saudi Arabia confirms 10 COVID-19 deaths, 234 new cases
  • The Kingdom said 357 patients recovered in past 24 hours
  • The highest number of cases were recorded in Riyadh with 70

RIYADH: Saudi Arabia recorded 10 new COVID-19 related deaths on Friday, raising the total number of fatalities to 5,940.
The Ministry of Health confirmed 234 new confirmed cases reported in the Kingdom in the previous 24 hours, meaning 358,336 people have now contracted the disease.
Of the total number of cases, 4,158 remain active and 596 in critical condition.

According to the ministry, the highest number of cases were recorded in the capital Riyadh with 70, followed by Makkah with 42, the Eastern Province with 35, Madinah recorded 27, and Qassim confirmed 17 cases.
The ministry also announced that 357 patients had recovered from COVID-19, bringing the total number of recoveries in the Kingdom to 348,238.
The coronavirus pandemic has affected around 65.3 million people globally and the death toll has exceeded 1.5 million.