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Industrial License
in Saudi Arabia
An industrial license in Saudi Arabia enables companies to engage in industrial activities and manufacture products within the Kingdom. You can get industrial licenses for heavy and light industries and transformative industries.
The industrial sector has the potential to establish Saudi Arabia as a regional hub for industrial production, attracting investment and trade from other countries in the region.
It is important to note that some industries and sectors may have additional requirements or restrictions, and the process of obtaining an industrial license may vary based on the company’s specific circumstances.
Transport Sector
in Saudi Arabia at a Glance
- Responsible authority: The Saudi Ministry of Industry and Mineral Resources (MIMR)
- The main focus is on manufacturing steel, food, polymers and chemicals.
- The kingdom aims to increase the value of its industrial exports to $149bn by 2030.
- National Industrial Strategy includes more than 136 initiatives and identifies 800 investment opportunities worth $266.2bn.
- The Kingdom aims to increase the number of factories to 36,000 by 2035, up from 10,640.
The Significance of the Transport Sector in Saudi Arabia
Economic Diversification
The Saudi Arabian government actively seeks to diversify its economy from relying on oil exports, and the industrial sector is seen as an essential part of this effort. By developing a robust industrial base, the government hopes to create new sources of revenue and employment opportunities.
The National Industrial Development and Logistics Program (NIDLP)
NIDLP aims to make Saudi Arabia a top industrial leader and a world-renowned logistics hub. This is achieved by maximizing its mining and energy resources, utilizing local content to its fullest extent, and embracing the 4th Industrial Revolution (4IR).
The Program plays a significant role in diversifying the kingdom's economy towards sustainable growth by creating a desirable investment climate that attracts global investors.
Value-Added Production
The industrial sector allows the country to add value to its natural resources by processing raw materials into finished goods. This can increase the value of exports and reduce the country's dependence on imports.
Industrial Cities in Saudi Arabia
The Saudi Authority for Industrial Cities and Technology Zones (MODON) is currently responsible for managing 36 industrial cities that house over 3,500 factories in the kingdom, and additional developments are in the works. MODON provides various benefits, offerings, services, and incentives to draw investments from the GCC, Arab, and international markets to Saudi Arabia. Learn more about industrial cities in Saudi Arabia.
Value-Added Production
The industrial sector allows the country to add value to its natural resources by processing raw materials into finished goods. This can increase the value of exports and reduce the country's dependence on imports.