By Staff Writer

Posted inBanking & Finance, Latest News, Saudi Arabia

The registrations covered various economic sectors, with wholesale and retail trade, construction, accommodation and food services, and manufacturing industries leading the list

By Staff Writer

Jeddah Saudi Arabia
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The Saudi Ministry of Commerce has reported a 60 percent increase in the issuance of commercial registrations in 2024, compared to the previous year.

As many 521,969 commercial registrations, including 368,038 registrations for establishments and 153,931 for companies, were issued in 2024, compared to 368,038 in 2023, the ministry said.

The registrations covered various economic sectors, with wholesale and retail trade, construction, accommodation and food services, and manufacturing industries leading the list.

By the end of 2024, the total number of active commercial registrations across all regions of Saudi Arabia reached 1,606,169, the report pointed out.

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Nicole Abigael is a reporter for Arabian Business, a journalist with a knack for unravelling intricate stories across several topics including but not limited to economics, politics, business, entrepreneurship,...