Riyadh industrial plants grow 5.5 percent
Official statistics reveal that the number of factories operating under legal permits in the Riyadh industrial area grew to 1,045 over the last year, up from a total of 990 in 1999.
The capital invested in these plants rose accordingly, from 27.6 billion Saudi riyals ($7.36 billion) in 1999, to SR 28.5 billion during the year 2000, reported Al-Hayat daily.
These figures reflect a growth rate of 5.5 percent in the number of factories and a 3.1 percent increase in capital.
Riyadh is the location for more that 35 percent of all Saudi factories, most of which produce chemical, plastic and metal products. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)