1999 News Story

Report on Status of Kingdom's Industrial Sector

The number of productive factories in the Kingdom exceeded 3,148 in 1419 H (1998-99), with an invested capital of SR 232 billion (U.S. $ 61.9 billion). These include 399 joint projects with non-Saudis, to whom investment incentives are extended. The total invested capital in these joint ventures is over U.S. $ 30 billion. Saudi Arabia exports SR 22 billion (U.S. $ 5.9 billion) worth of industrial products to 118 countries every year.