Saudi provides USD269.22b loans to factories| MENAFN.COM

Thursday, 20 January 2022 11:38 GMT

Saudi provides USD269.22b loans to factories

(MENAFN) The government has provided USD 269.22 billion in loans to the industrial sector by the end of the April-June period of 2014, Arab News reported.

The loans were distributed among the 6.751 factories registered in the Kingdom, which are distributed in 23 industrial activities employing some 905.400 workers.

Petrochemical and chemical products' sector received the lion's share of government-supported loans at USD 122.29 billion, amounting to 45.3 percent of the total of the loans.

The refined oil products followed with USD36.94 billion, the non-metallic mineral products at UDSD24.28 billion then basic metals at USD19.93 billion and finally the food industries at USD14.66 billion and the beverages at USD11.40 billion.

Meanwhile, non-metallic mineral products industries had the highest number of factories within the government-financed activities at 1.366 factories, followed by fabricated metal products at 926, plastics products at 840 and food industries at 716 factories

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