The value of Saudi exports of chemical industry products and related items reached approximately 4.56 billion riyals in March, equivalent to twenty percent of total non-oil exports, which amounted to 22.7 billion riyals.
Share of chemical exports in total non-oil exports
Chemical exports form an important part of the non-oil export structure, reaching nearly fifty percent of total non-oil exports, indicating the role of this sector in diversifying national income sources.
Measures by the Ministry of Industry and Mineral Resources to enable industrial investment
The Ministry of Industry and Mineral Resources processed 603 requests for chemical permits during March, as part of the ministry’s efforts to facilitate industrial investment and expand the base of facilities.
Details of processed requests
The requests that were handled included 572 applications for permits to import unrestricted chemicals, in addition to 31 applications for permission to import restricted chemicals.
Improving permit mechanisms and enhancing digital services
The ministry worked to simplify and improve procedures for obtaining permits for materials used in industrial production, by automating these mechanisms within the digital services platform for the sector, which enhances the provision of supportive services for industrial investors.
These achievements come within the context of ongoing efforts to develop the investment environment and expand the base of non-oil industries in the kingdom.
