Mining enhances indicators of the progress of the Saudi industry
Recording the highest production growth rate, with investments touching $356 billion
Mining indicators continue to support the contribution to Saudi industrial development and productivity, as the annual growth rate of the industrial production index in Saudi Arabia registered a growth of 10.3 percent from November of last year, which is the second highest annual growth rate during the last three years, as a result of an improvement The mining sector continued to achieve positive growth trends for the seventh consecutive month.
The General Authority for Statistics revealed yesterday that the growth of the industrial production index came as a result of the improvement in the trends of the industrial production index in the sub-sectors, led by the mining and quarrying sector, in addition to the manufacturing industry, electricity and gas.
The Statistics Authority stressed the relative importance of the mining and quarrying sector, which rose by 74.5 percent, at a time when the indicators of the manufacturing industry and electricity and gas supplies recorded growth rates of 22.6 percent and 2.9 percent, respectively.
The mining and quarrying sectors rose by 10.4 percent, last November, when compared to the month of 2020, while the manufacturing sector grew by 9.7 percent, and the electricity and gas supply sector recorded a growth of 11.9 percent.
It is known that the Industrial Production Index (IPI) is an economic indicator that reflects the relative changes in the volume of industrial production quantities based on the data of the Industrial Production Survey, which is implemented on a sample of industrial establishments engaged in targeted industrial activities.
This comes amid the recent great leaps in the industrial sector in Saudi Arabia in a clear direction from the Kingdom for its development by providing all facilities and procedures that contribute to expanding the scope of factories in the country, where the total investments in the sector exceeded 1.336 trillion riyals (356 billion dollars).
According to a specialized report, the number of mining licenses in force in the sector reached 1,913 licenses, of which 540 were issued during the past year, varying between building materials quarry licenses, which reached about 376 licenses, exploration by 140 licenses, and 24 reconnaissance licenses during 2021.
The Saudi Ministry of Industry and Mineral Resources issued the first version of the “Monthly Bulletin of Industry and Mining” for November 2021, which highlights the most prominent indicators of the movement of industrial and mining activity in the Kingdom and provides the most prominent figures, information and statistics on the two sectors, in addition to the most important services provided to highlight the investment opportunities provided by the industrial sectors. and mining.
The bulletin issued by the National Center for Industrial and Mining Information revealed the change in the total investment volume of the industrial sector, which amounted to 1.336 trillion riyals ($356 billion), after adding 78.50 billion riyals ($20 billion) representing the volume of new investments from the beginning of 2021 until November from same year.
The bulletin also highlights the investment index of factories that started production to reach 72.5 billion riyals ($19 billion), in addition to the number of new licenses since the beginning of the previous year until November, with a total of 873 licenses, while the number of factories that started production in the same period amounted to 731 factories. .
The bulletin referred to the November indicators, which included the issuance of 68 industrial licenses, and 64 factories that started production, with investments amounting to about 1.6 billion riyals (426 million dollars), while the volume of investment in new facilities amounted to 735 million riyals (196 million dollars) in November 2021.
The bulletin also included a list of the largest industrial activities in terms of the number of new licenses and factories that started production by activity, the percentages of licenses for small, medium and large enterprises, and the type of investment, both domestic and foreign.
The importance of the bulletin comes in shedding light on the most important industrial and mining numbers and indicators, and emphasizing the diversity of opportunities offered by the industrial and mining sectors in the Kingdom, towards achieving the objectives of the National Industrial Development and Logistics Program, one of the programs of the Kingdom’s Vision 2030, which aims to transform the Kingdom into a leading industrial power As a global logistics platform, mining is the third pillar of the national industry.
The General Authority for Statistics revealed yesterday that the growth of the industrial production index came as a result of the improvement in the trends of the industrial production index in the sub-sectors, led by the mining and quarrying sector, in addition to the manufacturing industry, electricity and gas.
The Statistics Authority stressed the relative importance of the mining and quarrying sector, which rose by 74.5 percent, at a time when the indicators of the manufacturing industry and electricity and gas supplies recorded growth rates of 22.6 percent and 2.9 percent, respectively.
The mining and quarrying sectors rose by 10.4 percent, last November, when compared to the month of 2020, while the manufacturing sector grew by 9.7 percent, and the electricity and gas supply sector recorded a growth of 11.9 percent.
It is known that the Industrial Production Index (IPI) is an economic indicator that reflects the relative changes in the volume of industrial production quantities based on the data of the Industrial Production Survey, which is implemented on a sample of industrial establishments engaged in targeted industrial activities.
This comes amid the recent great leaps in the industrial sector in Saudi Arabia in a clear direction from the Kingdom for its development by providing all facilities and procedures that contribute to expanding the scope of factories in the country, where the total investments in the sector exceeded 1.336 trillion riyals (356 billion dollars).
According to a specialized report, the number of mining licenses in force in the sector reached 1,913 licenses, of which 540 were issued during the past year, varying between building materials quarry licenses, which reached about 376 licenses, exploration by 140 licenses, and 24 reconnaissance licenses during 2021.
The Saudi Ministry of Industry and Mineral Resources issued the first version of the “Monthly Bulletin of Industry and Mining” for November 2021, which highlights the most prominent indicators of the movement of industrial and mining activity in the Kingdom and provides the most prominent figures, information and statistics on the two sectors, in addition to the most important services provided to highlight the investment opportunities provided by the industrial sectors. and mining.
The bulletin issued by the National Center for Industrial and Mining Information revealed the change in the total investment volume of the industrial sector, which amounted to 1.336 trillion riyals ($356 billion), after adding 78.50 billion riyals ($20 billion) representing the volume of new investments from the beginning of 2021 until November from same year.
The bulletin also highlights the investment index of factories that started production to reach 72.5 billion riyals ($19 billion), in addition to the number of new licenses since the beginning of the previous year until November, with a total of 873 licenses, while the number of factories that started production in the same period amounted to 731 factories. .
The bulletin referred to the November indicators, which included the issuance of 68 industrial licenses, and 64 factories that started production, with investments amounting to about 1.6 billion riyals (426 million dollars), while the volume of investment in new facilities amounted to 735 million riyals (196 million dollars) in November 2021.
The bulletin also included a list of the largest industrial activities in terms of the number of new licenses and factories that started production by activity, the percentages of licenses for small, medium and large enterprises, and the type of investment, both domestic and foreign.
The importance of the bulletin comes in shedding light on the most important industrial and mining numbers and indicators, and emphasizing the diversity of opportunities offered by the industrial and mining sectors in the Kingdom, towards achieving the objectives of the National Industrial Development and Logistics Program, one of the programs of the Kingdom’s Vision 2030, which aims to transform the Kingdom into a leading industrial power As a global logistics platform, mining is the third pillar of the national industry.
These were the details of the news Mining enhances indicators of the progress of the Saudi industry for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
