Industrial License
in Saudi Arabia
In Saudi Arabia, an industrial license allows companies to conduct industrial operations and produce goods. Such licenses can be obtained for heavy, light, and transformative industries.
The industrial sector offers a chance for Saudi Arabia to emerge as a central point for industrial manufacturing, drawing investment and trade from other countries in the region.
However, it’s essential to be understand that specific industries may have more prerequisites or limitations. The procedure to get an industrial license could differ based on the company’s specific needs.
Creative Zone Saudi Arabia can assist you in accomplishing all these depending on your business needs.
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A Look at Saudi Arabia’s
Industrial Sector
- Regulatory Body: The Saudi Ministry of Industry and Mineral Resources (MIMR)
- Key Areas: Steel, food, polymers, and chemicals production.
- Goals and Initiatives: Boost industrial exports to $149bn by 2030, grow the factory count to 36,000 by 2035 from 10,640, and implement over 136 strategies alongside recognizing 800 investment prospects worth $266.2bn.
The Importance of the
Industrial Sector in Saudi Arabia
Diversifying the Economy
The Saudi government is actively seeking ways to diversify its economy to reduce reliance from the oil industry. With a strong industrial sector, new income and job sources can be developed.
The National Industrial Development and Logistics Program (NIDLP)
The program’s objective is to position Saudi Arabia as a top industrial contender and a globally recognized logistics center. It focuses on harnessing energy and mining resources, maximizing local content, and adopting the 4th Industrial Revolution (4IR). Through this, the country hopes to achieve sustainable growth by attracting worldwide investors.
Enhancing Production Value
The industry lets Saudi Arabia augment the worth of its resources by converting raw materials to final products. This boosts export value and lessens import reliance.
Industrial
Cities
Managed by the Saudi Authority for Industrial Cities and Technology Zones (MODON), there are currently 36 industrial cities accommodating over 3,500 factories. MODON offers multiple advantages to attract investments from GCC, Arab, and foreign investors.
Industrial Licensing Guidelines in Saudi Arabia
You need to provide:
1An authenticated copy of the commercial registration for the shareholder partner, verified by the Saudi Embassy.
2An ID copy for partners from GCC countries, if they aren’t listed in the ABSHAR system.
Previous year’s financial statements from the foreign firm are needed, and these should also be authenticated by the Saudi Embassy.
If any of the partners have previously secured a license from the Ministry of Investment, this detail should be included in the electronic application’s partner section.
2Individuals with premium residency status don’t need to submit the documents mentioned above.
3While applying online, you must enter the Saudi national identity/premium residency/residency data of the partner(s) or the commercial registration data for the participating Saudi companies.
4Applicants must consult the Ministry of Industry and Mineral Resources for an industrial license and the General Presidency of Meteorology and Environmental Protection for environmental clearance.
Get Your Industrial License with Creative Zone Saudi Arabia
Obtaining an industrial license has never been simpler, thanks to our specialists at Creative Zone Saudi Arabia. Our business experts are here to guide you through every step, ensuring a swift and efficient company formation process.
Reach out to us today to embark on your entrepreneurial venture in the KSA.
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Started
Creative Zone has one mission – to serve as a one-stop company for all your company needs.
Over the last 12 years, our team has helped over 45,000 startups and SMEs expand and grow their business.
We offer tailored business solutions that will help your business from pre- to post-launching.
Contact us, and let’s begin your successful business journey in the Saudi Arabia
