Industry Minister launches enhanced industrial license

06/03/2024 Argaam
Bandar Alkhorayef, Minister of Industry and Mineral Resources

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Minister of Industry and Mineral Resources, Bandar Alkhorayef announced the launch of the enhanced version of the industrial license during the  LEAP 24 conference.

 

The ministry stated that this version enables investor care throughout the industrial project journey from establishment to construction, then production. The licensing process is immediate (excluding activities restricted by the ministry).

 

The objectives of the license are to regulate the industrial investment environment, enable industrial investments to benefit from available advantages, limit investor commitments before knowing requirements, facilitate investments in suitable locations, and raise awareness about product and production requirements.

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