Tuesday, April 23, 2024
Today's News
Tuesday, April 23, 2024
Today's News

Saudi Arabia’s factory sector sees 50% growth since Vision 2030’s launch: Deputy minister

Saudi Arabia’s factory sector sees 50% growth since Vision 2030’s launch: Deputy minister

The number of factories in Saudi Arabia has raised half because the launch of Vision 2030 in 2016, according to the Replacement Preacher of Market and Mineral resources Osama bin Abdulaziz Al-Zamil.

His remarks come after numbers released in 2015 revealed there are currently more than 10,000 commercial facilities in the Kingdom, with 1,023 manufacturing facilities beginning procedures in 2022 alone.

Speaking during the very first day of the yearly Saudi Industrial Renaissance Online forum that happened in the Kingdom’s Al-Yamamah University, Al-Zamil affirmed dependence on the commercial and mining sectors as financial tributaries.

The deputy preacher likewise utilize his speech at the event to praise the expanding Saudi workforce, stating: “The wager today on our boys as well as females is a large as well as gaining wager as they are the largest percent in this country, which makes them the standard base for our transformation and adjustment in all fields and their exceptional capabilities and also long-term passion for positive adjustment make up an excellent force for the success of the Kingdom’s vision programs as well as contribute to the development of the homeland.”

The Saudi Industrial Renaissance Online forum focused on the important function that the sector plays in developing and expanding the nationwide economy which additionally contributes to achieving the financial and also social objectives of the Kingdom’s Vision 2030.

“The discussion forum combines a team of speakers, experts as well as interested persons with expertise in lectures, discussion sessions, working papers sessions and also refereed study documents on numerous topics, and also witnesses a variety of crucial sessions,” said Hussam bin Muhammad Ramadan, Al-Yamamah University president and chairman of the arranging board.

Last Updated: 21 March 2023

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