RIYADH: Saudi Arabia issued 268 new industrial licenses in May, while 149 factories began production during the month, as the Kingdom continued to expand its industrial base. Investments linked to the new licenses exceeded SR2.23 billion ($594.7 million), according to the Ministry of Industry and Mineral Resources’ monthly report, prepared by the National Center for Industrial and Mining Information. The expansion forms part of the National Industrial Strategy, which identifies the industrial

Source: Arab News