RIYADH: Foreign or joint capital represents around 39 percent of the total investments in the Kingdom’s industrial sector, the Saudi Ministry of Industry and Mineral Resources said in a statement.
The announcement showed that foreign investments represent 15 percent of the total number of existing and under construction factories as of May 2022.
It said the figures are indicative of the Kingdom’s ability to attract qualitative investments in various economic sectors.
The number of factories with foreign investment in Saudi Arabia reached 839 by the end of May, representing approximately 8 percent of the total number of factories in the Kingdom, with investments estimated at over SR65 billion ($17 billion).
The number of joint factories stood around 787 with investments estimated at over SR464 billion.
The number of industrial units owned by Saudis reached 9,049 constituting 85 percent of the total factores, with an investment volume estimated at SR832 billion.