ID :
20254
Sat, 09/20/2008 - 08:37
Auther :
Shortlink :
http://m.oananews.org//node/20254
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Development of industry in the Kingdom - National Day
Riyadh, Sept 19, SPA -- The existing 3906 productive factories in the
Kingdom stand as a witness for the great industrial development
attained in the country.
Up to the end of 1427 about 296.5 billion were invested in these
factories.
The factories include factories of metal industries, chemical and
plastic industries as well as factories of ceramic, building
materials, textile, ready-made clothes and food materials.
The Kingdom's non-petroleum industrial exports in 2007 amounted to
about sr 87.5 billion.
They were exported to more than 130 countries.
In 1396 the Saudi basic industries corporation (sabic) was
established to become a pillar of industrial development and to
produce metals, fertilizers and petrochemicals in line with the
highest international standards.
Sabic's marketing activity extends to more than 100 countries.
Through its 18 industrial complexes, sabic's productive capacity
amounted by the end of 2007 to 55 million metric ton, while its
revenues in the same year jumped to sr 126.2 billion.
The reports released by the ministry of commerce and industry pointed
out to the establishment of 14 industrial cities with an area of
about 90 million square meter with 1800 factories with an invested
capital of more than sr 60 billion, and 152,000 workers.
The consecutive development plans have underscored the importance of
industry as a way for the diversification of the productive base and
lessening dependence on exports of crude oil.
Moreover, the industrial sector enables the private sector to
positively contribute to the development process and making job
opportunities available for the citizens in addition to creation of a
solid technological base.
In the last 30 year, industry significantly developed in the Kingdom.
The petrochemical sector was the corner stone of the industrial
development in the country.
The down stream sector includes a large number of productive
factories which produce various products.
The governmental authorities which are concerned with the process of
the industrial development include the ministry of commerce and
industry, the Saudi Arabian general investment authority (sagia), the
Royal Commission for Jubail and Yanbu and the Saudi fund for
industrial development.
--SPA
Kingdom stand as a witness for the great industrial development
attained in the country.
Up to the end of 1427 about 296.5 billion were invested in these
factories.
The factories include factories of metal industries, chemical and
plastic industries as well as factories of ceramic, building
materials, textile, ready-made clothes and food materials.
The Kingdom's non-petroleum industrial exports in 2007 amounted to
about sr 87.5 billion.
They were exported to more than 130 countries.
In 1396 the Saudi basic industries corporation (sabic) was
established to become a pillar of industrial development and to
produce metals, fertilizers and petrochemicals in line with the
highest international standards.
Sabic's marketing activity extends to more than 100 countries.
Through its 18 industrial complexes, sabic's productive capacity
amounted by the end of 2007 to 55 million metric ton, while its
revenues in the same year jumped to sr 126.2 billion.
The reports released by the ministry of commerce and industry pointed
out to the establishment of 14 industrial cities with an area of
about 90 million square meter with 1800 factories with an invested
capital of more than sr 60 billion, and 152,000 workers.
The consecutive development plans have underscored the importance of
industry as a way for the diversification of the productive base and
lessening dependence on exports of crude oil.
Moreover, the industrial sector enables the private sector to
positively contribute to the development process and making job
opportunities available for the citizens in addition to creation of a
solid technological base.
In the last 30 year, industry significantly developed in the Kingdom.
The petrochemical sector was the corner stone of the industrial
development in the country.
The down stream sector includes a large number of productive
factories which produce various products.
The governmental authorities which are concerned with the process of
the industrial development include the ministry of commerce and
industry, the Saudi Arabian general investment authority (sagia), the
Royal Commission for Jubail and Yanbu and the Saudi fund for
industrial development.
--SPA
