Saudi: Over 95,000 commercial registers issued in 4Q of 2023, totaling 1.4mln registers

Saudi: Over 95,000 commercial registers issued in 4Q of 2023, totaling 1.4mln registers

RIYADH — The Saudi Ministry of Commerce revealed that more than 95,000 commercial registers have been issued during the fourth quarter of 2023, an increase of 23 percent year-on-year, bringing the total commercial registers to more than 1.4 million by the end of the year.

This information was contained in the Business Sector Bulletin for the fourth quarter of 2023, issued by the Ministry of Commerce on Wednesday. The bulletin covers the most important developments in the sector, the growth of commercial registers and promising sectors. The category of young Saudi men and women accounted for 38.6 percent of the total existing commercial registers of establishments, while the percentage of women reached 38 percent of the total existing commercial registers of establishments.

The bulletin highlighted commercial registers in e-commerce, which represents an important tributary to the national economy, as the number of commercial registers for this sector reached 37400 by the end of the fourth quarter of 2023, with a growth rate of 24 percent on an annual basis.

It is noteworthy that strengthening the e-commerce business system is one of the goals of the National Transformation Program in support of achieving Vision 2030, due to the importance of the sector and its