Latest news with #commercialregistrations
Zawya
7 days ago
- Business
- Zawya
Youth-led Saudi businesses exceed 474,000
RIYADH — The number of commercial registrations held by young Saudis of both genders has surpassed 474,000, accounting for 38% of all active commercial records in Saudi Arabia as of the end of Q2 2025, the Ministry of Commerce announced. The ministry highlighted notable growth in several promising sectors led by entrepreneurs aged 18 to 40. Most significantly, commercial registrations for app development surged by 28% year-on-year, reaching 18,700 registrationsby the end of the second quarter. Commercial records in the artificial intelligence technologies sector also saw a strong 34% increase, reaching 14,400, while video game development registrations grew by 32%, totaling 8,200 records. Meanwhile, the number of commercial registrations in film, video, and television production rose by 20%, with the total reaching 5,700 active records by Q2 2025. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
08-07-2025
- Business
- Zawya
Saudi: Commercial registrations for holiday homes and chalets jump 42% in 2Q 2025
RIYADH — The Ministry of Commerce recorded a significant increase in the number of commercial registrations related to the hospitality sector during the second quarter of 2025. According to the ministry's report, the number of commercial registrations for holiday homes and chalets jumped by 42 percent, reaching 8,617 by the end of the second quarter of this year, compared to 6,063 during the same period last year. This reflects the rising demand for tourism accommodation services and the expansion of investment in this vital sector. The Riyadh region topped with 3,216 in the list of regions with the most registrations, followed by Makkah with 3,047, the Eastern Province with 721, Madinah with 515, and it was followed by Asir. Hospitality unit reservation activity also recorded a 32 percent increase in the number of commercial registrations, with 5,099 registrations recorded during the second quarter of 2025, compared to 3,850 during the same period in 2024. The Makkah region topped with 2,027 registrations, followed by Riyadh with 1,939, Madinah with 410, the Eastern Province with 374, and Al-Qassim Region with 81. This rapid growth in hospitality and tourism-related activities reflects the growing demand for domestic tourism, along with efforts to enhance the investment environment and facilitate regulatory procedures, in line with the goals of Saudi Vision 2030 to develop the tourism sector and increase its contribution to the GDP. The Ministry of Commerce announced the issuance of more than 80,000 commercial registrations in the second quarter of this year, bringing the total number to more than 1.7 million commercial records in all regions of the Kingdom. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
07-07-2025
- Business
- Zawya
Saudi: Over 80,000 commercial registrations issued in 2Q 2025, bringing total to 1.7mln
RIYADH — The Ministry of Commerce has issued more than 80,000 commercial registrations during the second quarter of 2025. This brings the total number of commercial registrations to over 1.7 million across all regions of Saudi Arabia. This was revealed in the business sector summary bulletin for the second quarter of 2025, issued by the ministry. The bulletin also includes an overview of the business sector's performance and developments in the Kingdom. The bulletin highlighted developments in promising sectors, shedding light on the growth of commercial registrations in activities related to artificial intelligence technologies, blockchain, big data and data analytics, financial activities, insurance, amusement parks, games, and other promising activities in the Kingdom's Vision 2030. The bulletin addressed the geographical distribution of issued and existing commercial registrations in promising sectors, highlighting registrations in e-commerce, and highlighting the most prominent activities and events of the business sector in the Kingdom. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
06-07-2025
- Business
- Arab News
Saudi Arabia issues over 80k new commercial licenses in Q2 as business activity accelerates
JEDDAH: Saudi Arabia issued more than 80,000 new commercial registrations in the second quarter of 2025, pushing the total number of valid business records across the Kingdom to nearly 1.72 million, official data showed. The surge was driven by activity in high-growth industries, including artificial intelligence, blockchain, and big data analytics, as well as financial services, insurance, gaming, and entertainment, according to the Ministry of Commerce's quarterly Business Sector Bulletin. The pickup in business activity underscores Saudi Arabia's drive to diversify its economy under Vision 2030, with sweeping reforms aimed at boosting the private sector and reducing its reliance on oil. Through the National Transformation Program, the Kingdom is investing in infrastructure, digitalization, and regulatory improvements to attract investment and spur entrepreneurship nationwide. Citing Minister of Commerce Majed Al-Qasabi, the bulletin stated: 'He explained that this rectification is part of a broader set of measures aimed at combating commercial concealment, which remains one of the key challenges hindering the growth of the local economy.' It added that the minister said the ministry has recently worked on rectifying the status of commercial registrations and updating their data to ensure compliance with regulations and to enhance market transparency. Riyadh accounted for the largest share of new registrations during the quarter with 28,181 licenses, followed by Makkah with 14,498, the Eastern Province with 12,985, and Qassim with 4,920. Asir, which has been gaining prominence as an investment destination, recorded 3,875 new commercial records. The second quarter also saw the implementation of the newly approved Commercial Register Law and Trade Names Law. These reforms have eliminated the need for separate subsidiary registrations by allowing businesses to operate under a single commercial record across the nation, regardless of their geographic location. The changes are intended to simplify licensing, reduce administrative burden, and improve the overall ease of doing business in the Kingdom. Women's participation in the commercial sector continued to rise, with female entrepreneurs accounting for 49 percent of newly issued commercial records. Limited liability companies remained the dominant form of business structure, with 10,954 LLCs registered during the quarter. Partnerships and joint stock companies also showed solid activity, further diversifying the business landscape. Several sectors experienced strong year-on-year growth. Registrations related to cloud data storage and analytics increased by 48 percent, reaching 5,894 records, with Riyadh leading the way at 3,775. Activities related to artificial intelligence increased by 34 percent, resulting in 14,409 new records, of which 8,909 were registered in the capital. The franchise sector expanded significantly as well, with activity up 64 percent compared to the same period last year, totaling 2,863 new registrations, driven largely by the food and beverage, retail, and services segments. Investor interest from abroad also surged, with registrations by foreign and GCC investors rising by 38 percent in the second quarter to more than 70,000 new records. Of these, 38,640 registrations were made by foreign nationals and 31,488 by regional Gulf investors. The majority of this investment was directed toward non-residential construction and building development, signaling sustained demand in real estate and infrastructure. The ministry also reported 39,366 active commercial records in e-commerce by the end of the second quarter, underscoring the Kingdom's rapid digitalization. Meanwhile, gaming, leisure, and entertainment activities continued to gain traction, with a growing number of licenses issued in these sectors.
