Saudi Arabia makes progress in manufacturing investment

JEDDAH, March 25, SPA - The volume of investments made by Saudi
Arabia in GCC factories amounted to $92 billion out of a total of
$150 billion until 2008.


The number of factories established in the Kingdom reached 4.437
with a total workforce exceeding 472,000.


According to a latest report published by the Doha-based Gulf
Industrial Investments Organization, Saudi Arabia’s investments in
the chemical and plastic industries reached $49.9 billion from the
$81.9 billion invested in this sector in the six GCC states.


Investments in construction materials come second at $18.7 billion
of which the Kingdom’s stake is $12.8 billion.


Construction materials were followed by mining industries with total
investments of $13.2 billion and basic mining industries come in the
fourth position with $17 billion of which the Kingdom’s stake is $7.2
billion.

The GCC is comprised of Saudi Arabia, the United Arab Emirates,
Kuwait, Qatar, Bahrain and Oman.

--SPA