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KSA approves $4bn investment in new factories, creating nearly 3000 new jobs

The Saudi Ministry of Industry has announced that 102 new factories were licensed in the Kingdom during March, with investments totalling around SR15.2 billion ($4.05 billion), an increase of 55 percent year-on-year. Data from a report by the National Center for Industrial Information showed that 39 new factories started production in March, a month-on-month increase of 26 percent. The new licenses brought the number of factories in the Kingdom, including those under construction, to 9,958 in March 2021. Additionally, the number of Saudi workers and expats in the industrial sector increased by 2,146 and 826, respectively, in March, a total of 2,972 new jobs. Bandar Al-Khorayef, Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority, also announced this month the launch of the Made in Saudi program. The initiative aims to support national products and services at both the local and global levels.

Saudi Arabia issues first 3D printing license to Immensa

DUBAI: Dubai-based Immensa Technology Labs has received approval for additive manufacturing (3D printing) from the Ministry of Investment in Saudi Arabia, representing the first license of its kind in the Kingdom. The move complements the Kingdom’s efforts to modernize its economy by adopting advanced manufacturing technologies, as well as attracting international companies

Immensa receives 3D printing licence in Saudi Arabia

Immensa receives 3D printing licence in Saudi Arabia RIYADH, 4 hours, 15 minutes ago Immensa Technology Labs, a leading additive manufacturing (3D Printing) company in the region, has been approved for additive manufacturing by Saudi Arabia’s Ministry of Investments. This license represents the first of its kind to be issued in Saudi Arabia and is in line with Vision2030 and the National Industrial Development and Logistics Program (NIDLP) which is giving importance to industry 4.0 with Industrial 3D printing and attracting international companies like Immensa to the Kingdom to localize advanced manufacturing technologies Immensa is expanding its footprint and building its infrastructure in KSA to provide digital-inventory solutions to local and international oil & gas and manufacturing companies. The company has already acquired a 10,000 sq ft industrial additive manufacturing facility in Dammam and an office in Riyadh, with a network of other industrial 3D printing hub

Immensa receives first AM licence from Saudi Ministry of Investments

Immensa receives first AM licence from Saudi Ministry of Investments
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Immensa receives 3D printing licence in Saudi Arabia

Immensa receives 3D printing licence in Saudi Arabia
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