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-1FSZtbIhwy.jpeg "Saudi NEOM region, showing ongoing construction work on one of the mega projects")
Saudi Arabia’s Ministry of Industry and Mineral Resources has expanded the national mandatory product list by adding over 200 products and localized the production of vaccines and biological drugs for around 214 priority treatments.
The industrial sector saw significant growth last year, with over 1,300 new licenses issued, attracting more than 81 billion riyals ($21.6 billion) in investments.
More than 2,000 local factories are now linked to major projects like NEOM, ROSHN, and the Diriyah Gate Development Authority.
The mining sector also continued to grow, with over 200,300 active licenses, achieving record revenues of over 1.8 billion riyals ($480 million).
The government also launched a platform for those interested in the Kingdom’s industry landscape, providing data on over 75 investment opportunities, benefiting 100 investors.
