{"id":93151,"date":"2025-01-07T00:00:00","date_gmt":"2025-01-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/07\/newly-issued-commercial-registrations-for-businesses-rose-67-in-4q-2024\/"},"modified":"2025-01-07T00:00:00","modified_gmt":"2025-01-07T00:00:00","slug":"newly-issued-commercial-registrations-for-businesses-rose-67-in-4q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/07\/newly-issued-commercial-registrations-for-businesses-rose-67-in-4q-2024\/","title":{"rendered":"Newly-issued commercial registrations for businesses rose 67% in 4Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Commerce Ministry issued <\/strong><strong>160.5k<\/strong><strong> new commercial regi<\/strong><strong>strations in 4Q<\/strong><strong> 2024<\/strong>, up 67% y-o-y, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/183.pdf\" style=\"\" rel=\"noopener\">the ministry\u2019s quarterly report (pdf)<\/a>. Women-owned businesses accounted for 46% of the total new registrations during the quarter. Riyadh, Makkah and the Eastern Province emerged as top regions for business activity in Saudi, collectively seeing 72% of all new registrations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top growth sectors in 4Q:<\/strong> The logistics services sector recorded the highest y-o-y growth in commercial registrations in 4Q 2024, with records rising by 82% to 16.6k. App development followed with a 36% increase to 15.8k active records. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commercial registrations for foreign companies grew 23% y-o-y to 59.3k in 2024. <\/strong>Meanwhile, commercial registrations for GCC companies increased 39% y-o-y to reach 21.2k by the end of last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The overall picture: <\/strong>The Kingdom now has 1.6 mn active commercial registrations, out of which 30% are owned by women and 38% held by young entrepreneurs. Overall, Riyadh is home to 533.3k active registrations, followed by Makkah (349.4k) and the Eastern Province (250.6k). <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The logistical services sector led the pack in terms of the highest y-o-y growth<\/p>\n","protected":false},"author":1,"featured_media":93152,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2705],"tags":[2471,866,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-commerce-ministry","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"85fcbfcc-72ab-44bb-972c-b16b466c9dd3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/407.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Newly-issued commercial registrations for businesses rose 67% in 4Q 2024","related_issue":[93139],"teaser":"The logistical services sector led the pack in terms of the highest y-o-y growth","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.6a404c0c-902e-4c38-b7b2-da1f07d6dc81.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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