Saudi Arabia, the world's biggest exporter of oil, is diversifying its economy away from hydrocarbons. EPA
Saudi Arabia, the world's biggest exporter of oil, is diversifying its economy away from hydrocarbons. EPA
Saudi Arabia, the world's biggest exporter of oil, is diversifying its economy away from hydrocarbons. EPA
Saudi Arabia, the world's biggest exporter of oil, is diversifying its economy away from hydrocarbons. EPA

Saudi Arabia issued 123 industrial licences in March in push to diversify economy


Deepthi Nair
  • English
  • Arabic

Saudi Arabia issued 123 new industrial licences in March, with investments in new permits reaching 3.9 billion Saudi riyals ($1.04 billion), the government has said.

It has pushed the number of industrial licences issued in the kingdom, the Arab world's biggest economy, to 332, state-run news agency SPA said on Sunday, citing Ministry of Industry and Mineral Resources data.

Nineteen were issued for the food manufacturing sector in March, followed by 15 for rubber and plastic products, 14 for metalworking industry — excluding the equipment and machinery segment — 12 for non-metallic mineral products and 11 for chemical materials, the data showed.

Saudi Arabia, the Arab world’s largest economy and world's biggest exporter of oil, is diversifying its economy away from hydrocarbons and has introduced several projects under its Vision 2030, to develop its industrial and mining base.

In October, the Saudi government unveiled a National Industry Strategy, aimed at increasing the value of the kingdom's industrial exports to about $149 billion by 2030.

It is designed to attract investment in the industrial sector, boost economic diversification and increase non-oil exports.

The programme has identified 800 investment opportunities worth $266.2 billion to provide sustainable economic returns for the kingdom by 2030, authorities have said.

Saudi Arabia’s industrial sector created 10,500 new jobs in March, of which 7,255 went to citizens, according to the SPA report.

Small businesses accounted for almost 87 per cent of new industrial licences, while medium-sized enterprises acquired the remaining percentage of permits, the ministry said.

Overall, domestic industrial units accounted for 73.17 per cent of all permits issued, followed by foreign establishments and joint investment companies that received 15.45 per cent and 11.38 per cent, respectively.

The new industrial licences were distributed to 12 administrative regions, led by Riyadh with 46 factories, followed by the Eastern Province and Makkah, at 29 and 18 industrial units, respectively.

In March, the number of existing factories in the kingdom and those under construction stood at 10,825, amounting to 1.4 trillion riyals of investments, SPA said, citing the data compiled by the ministry's National Centre for Industrial and Mining Information.

Saudi Arabia's capital, Riyadh. The kingdom's industrial sector created 10,500 new jobs in March. AFP
Saudi Arabia's capital, Riyadh. The kingdom's industrial sector created 10,500 new jobs in March. AFP

Of these, 56 factories started production in March with an investment of 959 million riyals. National factories accounted for 94.6 per cent of that, followed by joint venture plants and foreign-owned factories accounting for 3.57 per cent and 1.79 per cent, respectively.

Non-metallic mineral factories took the lead with 15, followed by eight shaped-metal plants and seven food and chemical factories each.

Machinery and equipment factories rounded out the list with five new units.

Separately, the kingdom’s Industrial Production Index for March increased by 4.1 per cent annually, according to the General Authority for Statistics.

This was attributed to an increase in mining, quarrying, manufacturing, and electricity and gas supply activity.

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Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

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Director: Joseph Kosinski

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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  • Torque: 760nm
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Power: 819hp

Torque: 678Nm at 7,250rpm

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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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South Africa:
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Bangladesh
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Oct 26: Bloemfontein
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4,872 matches 

1,942 teams

116 pitches

76 nations

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15 Lebanese teams

2 Kuwaiti teams

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Price, base: Dh429,090

Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

Torque 700Nm @ 1,750rpm

Fuel economy, combined 9.2L / 100km

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  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
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Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

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Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
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Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

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South Korea

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Engine: 3.8-litre twin-turbo flat-six

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Torque: 800Nm from 2,500-4,000rpm

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Director: Jafar Panahi

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The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

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Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
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COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
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Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Updated: May 14, 2023, 1:45 PM`