Saudi Arabia offers financial incentives to 490 factories: Official

Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency.

The program aims to transform 4,000 factories into advanced and automated industries, Fouda added in a statement of the Ministry of Industry and Mineral Resources.

He noted that the program sheds light on the steady and accelerating steps taken by the local industrial sector, in partnership with the Ministry of Industry, to transform the industrial sector into advanced factories that apply topnotch manufacturing techniques.