Saudi Arabia’s industrial exports is set to grow by two to six per cent during the next five years, with over SR2 trillion ($533 billion) having been invested in industries across the kingdom, according to a report.

Speaking at an industrial opportunities forum in Riyadh, Tawfiq Al-Rabiah, Commerce and Industry Minister, was quoted as saying that the Saudi Industrial Property Authority (Modon), has been making efforts to strengthen the kingdom’s industrial progress, said the Arab News report.

Modon is planning to develop industrial cities with integrated services including housing, hospitals and schools, with the ministry issuing commercial registrations within a single working day, it said.

As part of efforts to expand industrial exports, as many as 60 Saudi Arabian companies are set to take part in a food show in Britain next month.

“We have identified certain industrial projects for women investors. We also intend to promote readymade industries and industrial incubators to strengthen the sector,” Saleh Al-Rasheed, director general of Modon, was quoted as saying.