Arab News, Tuesday, Mar 21, 2023 | Sha'ban 29, 1444
Saudi Arabia’s factory sector sees 50% growth since Vision 2030’s launch: Deputy minister
The number of factories in Saudi Arabia has increased 50 percent since the
launch of Vision 2030 in 2016, according to the Deputy Minister of Industry and
Mineral resources Osama bin Abdulaziz Al-Zamil.
His comments come after figures released last year
showed there are now more than 10,000 industrial facilities in the Kingdom,
with 1,023 factories starting operations in 2022 alone.
Speaking during the first day of the annual Saudi
Industrial Renaissance Forum that took place in the Kingdom’s Al-Yamamah
University, Al-Zamil affirmed reliance on the industrial and mining sectors as
The deputy minister also use his speech at the
event to praise the growing Saudi workforce, saying: “The bet today on our young
men and women is a big and winning bet as they are the largest percentage in
this country, which makes them the basic base for our transformation and change
in all fields and their exceptional capabilities and permanent ambition for
positive change constitute a great force for the success of the Kingdom’s vision
programs and contribute to the development of the homeland.”
The Saudi Industrial Renaissance Forum focused on
the vital role that the industry plays in developing and diversifying the
national economy which also contributes to achieving the economic and social
goals of the Kingdom’s Vision 2030.
“The forum brings together a group of speakers,
experts and interested persons with specialization in lectures, discussion
sessions, working papers sessions and refereed research papers on many topics,
and witnesses a number of important sessions,” said Hussam bin Muhammad Ramadan,
Al-Yamamah University president and chairman of the organizing committee.