The number of existing commercial registrations in Saudi Arabia now exceeds 1.4 million after it achieved a 59 percent jump during the first quarter of 2024 by about 104,000 records, compared to 65,300 records in the same period last year.
Women accounted for 44 percent of the new commercial registers, which clearly indicates the expansion of women’s access to the labor market.
According to a recent report issued by the Ministry of Commerce, a copy of which was obtained by Asharq Al-Awsat, three regions topped the list in terms of the number of registers issued in the first three months of 2024, namely: Riyadh (39,800 records), Makkah (19,800), and the Eastern Province region (15,200).
The report also revealed that institutions dominate the volume of commercial registers in the Kingdom, with a number exceeding 1.159 million.
The report discussed the extent of development in the promising sectors in Vision 2030, and highlighted the growth of commercial registers in the technical sectors that deal with application development, electronic games, and delivery services via electronic platforms, in addition to activities related to the entertainment and tourism sectors, and the business incubators and accelerators.
The volume of existing e-commerce registers grew by 17 percent at the end of the first quarter of 2024, with 38,800 registers, according to the report, which highlighted the importance of strengthening the e-commerce business system as one of the goals of the National Transformation Program.
The report pointed to an increase in existing registers for the electronic games development sector, which reached around 4,300 during the first quarter of 2024, compared to 2,700 during the same period last year, which means an increase of 59 percent.
As for research and development in biotechnology sciences, the report says that the number of registers during the first three months of this year exceeded one thousand, compared to 594 records in the same period last year.
