Capitals of the Saudi productive factories grew four-folds in 12 years to reach SR992 billion by the end of January of the current year compared to SR268 billion by the end of 2003, according to data released by the Ministry of Commerce and Industry.
The Eastern Region captured nearly two-thirds of the factories’ capitals (61 percent), or SR607.7 billion despite the fact the region’s factories are not exceeding 23 percent of the total number of productive factories Kingdomwide, which stands at 6,789, a report analyzed by Al-Eqtisadiah daily said.
On the other hand, the number of workers in the productive factories reached 931,133 by the end of January. The number of factories, which have not yet entered into production stages stood at 1,123 with their capitals exceeding SR37.5 billion, the report said.
According to the report, the Makkah, Riyadh and Eastern regions registered the highest rates in terms of the number of factories at 43 percent, 23 percent and 19 percent, respectively. In terms of work force, the Riyadh Region captured the highest at 39 percent, followed by the Eastern and Makkah regions at 26 percent and 23 percent, respectively, the report said.
In terms of funding (capitals), the Eastern Region was the highest at 61 percent (SR607.7 billion), followed by the Makkah Region at 14 percent (SR135.7 billion) and Riyadh at 12 percent (SR117 billion), the report said.
In regards to the number of productive factories, the Riyadh Region has the biggest at 2,911, followed by the Eastern Region at 1,560, Makkah at 1,270, Asir at 246 (SR4.3 billion), Madinah at 209 (SR89.7 billion), Jazan at 66 (SR4.6 billion), Tabuk at 60 (SR2.5 billion), Hail at 56 (SR11.5 billion), Al-Jouf at 53 (SR939 million), Najran at 34 (SR2.8 billion), the Northern Border at 29 (SR2.8 billion), and Baha at 16 (SR63 million), the report said.
Factories not having entered into production stages stood at 1,123 with their capitals exceeding SR37.5 billion. The Riyadh Region has the biggest number at 508 with capitals standing at SR8.2 billion, followed by Makkah at 169 (SR13.2 billion), the Eastern Region at 161 (SR5.3 billion), Madinah at 70 (SR6 billion), and Asir at 70 (SR743 million), the report said.
Capital of Saudi productive factories exceeds SR992bn
