Saudi business sector surpasses 1.7m registrations

Saudi business sector surpasses 1.7m registrations
The surge highlights Saudi Arabia’s drive to improve ease of doing business and diversify its economy under Vision 2030. Shutterstock
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Updated 14 October 2025
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Saudi business sector surpasses 1.7m registrations

Saudi business sector surpasses 1.7m registrations

JEDDAH: Saudi Arabia’s business landscape is expanding at a record pace, with commercial registrations surpassing 1.7 million by the end of the third quarter of 2025, data from the Ministry of Commerce showed. 

The ministry’s Business Sector Bulletin showed that over 128,000 new commercial records were issued in the three-month period.  

The report highlighted that institutions accounted for more than 1.2 million registrations, a 21 percent rise over the past five years. The number of limited liability companies climbed to 502,000, marking an increase of 158 percent, while joint-stock company registrations reached 4,488, up 49 percent from 2020. 

The surge highlights Saudi Arabia’s drive to improve ease of doing business and diversify its economy under Vision 2030, supported by reforms such as the new Commercial Register and Trade Names laws.

It streamlined procedures by eliminating subsidiary registers and city-based requirements, making a single registration valid nationwide. 

In the bulletin, the ministry “highlighted developments in promising sectors, noting growth in commercial registrations in activities such as video game development and production, augmented reality technologies, logistics, e-commerce, and other industries aligned with Saudi Arabia’s Vision 2030.”  

Total e-commerce commercial registrations by the end of the third quarter reached 41,816, marking a 5 percent growth compared with the same period last year, when total registrations stood at 39,769. 

Registrations in virtual and augmented reality technologies surged 59 percent by the end of the third quarter of 2025, reaching 10,492 compared with 6,597 in the same period in 2024. 

The video gaming industry grew to 614 licenses by the third quarter, marking a 102 percent increase compared with the same period in 2024. Riyadh and Makkah recorded the highest numbers, with 290 and 166 licenses, respectively. 

App development licenses rose 45 percent, reaching 20,973 in the third quarter compared with 14,452 registrations in the same period last year. Riyadh led with 12,762 licenses, followed by Makkah with 4,205 permits. 

Registrations for recreation centers increased 40 percent, reaching 6,965 compared with 4,942 during the same period in 2024. Most of these licenses were issued in Riyadh and Makkah, with 3,058 and 1,890 licenses, respectively. 

Moreover, the hospitality sector grew 91 percent in the same quarter, reaching 11,987 licenses compared with 6,262 in the same period in 2024. Makkah led the cities with 4,462 registrations, followed by Riyadh with 4,317. 

The exhibitions sector recorded notable growth, with active registrations rising 43 percent by the end of the third quarter. The sector reached 26,372 registrations, up from 18,443 in the same period in 2024. Riyadh came first with 13,813 registrations, while Makkah registered 6,873 licenses. 

Licenses for logistics services increased 49 percent to reach 22,290 registrations, compared with 14,880 during the same period in 2024. 


Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 
Updated 04 November 2025
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Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

Saudi Arabia, Canada explore ways to enhance cooperation in technology, innovation 

RIYADH: Saudi Arabia’s technology and innovation partnership with Canada is set to receive a boost after senior ministers met to explore new avenues of cooperation and strengthen trade ties. 

Saudi Minister of Investment Khalid Al-Falih said in a post on X that he met with Canada’s Minister of Artificial Intelligence and Digital Innovation Evan Solomon to discuss ways to strengthen relations between the countries and to build partnerships that contribute to mutual economic growth, particularly in priority investment sectors. 

This comes as trade between the two nations continues to expand. In February, Saudi Arabia exported SR641 million ($170 million) to Canada, marking an 86.6 percent increase from SR344 million in February 2024, according to data from the Observatory of Economic Complexity.

It also follows an agreement in January 2024 for both countries to re-exchange trade delegations to enhance economic relations and boost trade and investment flows. 

In a subsequent post on X, Al-Falih stated: “The dialogue took place between me and Anita Anand, the Canadian Minister of Foreign Affairs, in the presence of the Saudi ambassador to Canada, Amal Yahya Al-Moallimi.” 

He added: “We discussed supporting and strengthening relations between our two countries, and facilitating investment exchange, in order to achieve more fruitful cooperation in the most important sectors, which will bring success to both peoples.” 

Artificial intelligence has become a central pillar of Saudi Arabia’s post-oil economic strategy, with the Kingdom leveraging advanced technologies to drive data-led industries and automation. 

Now at the halfway point of Vision 2030, the country is accelerating efforts to position itself as a global technology leader, balancing innovation with sustainability goals. 
Key initiatives — including the Project Transcendence program, valued at around $100 billion — aim to further establish Saudi Arabia as a global hub for AI innovation. 

Over the past five years, Saudi Arabia has made significant progress toward establishing itself as a regional artificial-intelligence hub. PwC projects that AI could contribute about $235 billion — or 12.4 percent — to the Kingdom’s gross domestic product by 2030.