In a robust signal of Saudi Arabia’s accelerating industrial transformation, the Ministry of Industry and Mineral Resources announced the issuance of 83 new industrial licenses in June, amounting to over SR950 million ($253.3 million) in investments. This marks another stride in the Kingdom’s broader push to diversify its economy beyond oil under the Vision 2030 initiative. With new job creation, increased factory operations, and a strong investment pipeline, the data reflects the deepening roots of a thriving manufacturing ecosystem designed to future-proof the country’s economic foundations.