Money and business

67% growth in commercial records issued during the fourth quarter of 2024

The Ministry of Commerce issued its brief quarterly bulletin for the business sector for the fourth quarter of the year 2024, including an overview of its performance and developments in the Kingdom.
The Ministry explained that the total exports increased by 67% in the fourth quarter of this year compared to the same quarter of last year.

Commercial records

It noted the issuance of more than 160,000 commercial records during the past three months, bringing the total number of commercial records to more than 1.6 million commercial records in all regions of the Kingdom.
The bulletin highlighted the development in promising sectors, and highlighted the growth of commercial registrations in activities: cloud computing services, application development, financial technology solutions, tourist trips, entertainment events, talent development and other promising activities in the Kingdom’s Vision 2030.
It dealt with commercial records for e-commerce, which represents an important tributary to the national economy, as it grew by 10%, compared to the same quarter of last year, with a total of 40,953 commercial records.

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