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For a time, Gulf country Saudi Arabia was counted among the only oil producing countries. But Saudi Arabia has continued to expand its economy, with industrialization increasing rapidly every year. According to the Saudi Ministry of Industry and Mineral Resources, the number of industrial units in Saudi Arabia is expected to increase by 10 percent in the year 2023. The number of industrial units in Saudi has reached 11,549. Ministry spokesman Jarrah bin Mohammed al-Jarrah said $48.4 million had been invested in the expansion of the industrial unit.
Part of the 2035 plan
Accelerating industrialization is part of Saudi's 2035 plan which aims to increase industrial units to 3600. The government has started production in a total of 1,058 factories with an investment of 45 billion Saudi Riyals. Apart from this, Jarrah also said that the government is taking many steps for industrialization and factories have been licensed in various areas to expand the economy.
Saudi is ready to prove its capability in the world
By 2035, Saudi Arabia will increase the number of factories in its country to 36 thousand, out of which 4 thousand will be completely automated. Saudi Arabia is making its economy dynamic and challenging for the West. Saudi has established itself as a leader of the industrial revolution by adopting new technologies like AI, 3D printing and robotics in the functioning of the country. After King Salman launched his Vision 2030 in 2016, industrial investment in the country has reached $132 billion and the kingdom is making steady progress in this sector.
In which area were the factories built?
Saudi Arabia has issued licenses to factories to manufacture food, non-metallic materials, metal products and rubber-plastics in the country. Speaking about his vision, Saudi Arabia's King Salman Khan said that the next Europe will be the Middle East. We will present Saudi as an example to the world, in the coming times you will see Saudi as a futuristic country.