The Leading Factories Program, launched by the Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia in 2022, aims to stimulate major quality projects and investments in the industrial sector in the Kingdom. The program focuses on the largest factories to achieve sector targets in investment, employment, and export, while providing necessary support to these factories.
Leading Factories Classifications
The Leading Factories Program classifies factories based on three main criteria: The number of employees, the size of the investment, and the value of exports, provided that the total investment of leading factories constitutes more than 70 percent of the sector's total investments, and the number of leading factories in any given sector does not exceed fifteen companies.
Advantages of the Leading Factories Program
The Leading Factories Program offers additional benefits and services to factories, including access to the strategies and trends of the ministry and its affiliated and supporting sectors, taking part in decision-making processes, identifying and marketing investment opportunities, monitoring industrial indicators and periodic statistical bulletins, providing services, support, and advice and offering priority tracks to ministry services. In addition, it provides services including access to industrial maturity assessments and following the factory progress towards automation goals, increasing awareness about the importance of local content and localization targets, and establishing standards for monitoring financial indicators of factories to avoid any indicators of insolvency in the largest factories.
Target audience of the Leading Factories Program
The Leading Factories Program targets 167 leading factories across various sectors, and the first phase includes 120 factories. The program does not require factories to apply for membership; instead, factories will be selected based on criteria set by the ministry.
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