Commercial records issued during the first quarter of 2024 increased by 59%

Commercial records issued during the first quarter of 2024 increased by 59%


The total number of records issued in the first quarter of this year compared to the same quarter of last year increased by 59%, as 104,000 commercial records were issued during the past three months, bringing the total number of commercial records to more than 1,456,000 commercial records in all regions of the Kingdom..

This came during the brief quarterly bulletin for the business sector for the first quarter of the year 2024 AD, which was issued by the Ministry of Commerce, including an overview of the performance of the business sector and its developments in the Kingdom..

The bulletin indicated that the youth category (of both genders) accounted for 38% of the total existing commercial records of institutions in the Kingdom, while the share of women reached 43% of the total existing records of institutions until the end of the first quarter..

The quarterly bulletin dealt with the development in the promising sectors in the Kingdom’s Vision 2030, and highlighted the growth of commercial records in the technical sectors represented in activities: application development, electronic game development, and delivery services via electronic platforms, in addition to activities related to the entertainment and tourism sectors, and the activities of business incubators and accelerators, This provides the local and foreign business sector with opportunities for business development and expansion of partnerships.

The bulletin also highlighted commercial records for e-commerce, which represents an important tributary to the national economy, indicating its growth of 17% by the end of the first quarter of 2024..

The quarterly bulletins for the business sector issued by the Ministry of Commerce can be viewed via the link:

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