With special numbers .. Medina is witnessing economic growth during 2024

The Madinah region witnessed a high economic growth in a number of commercial and service activities, according to what it announced, and the Chamber of Commerce and Industry in the region, as the sector witnessed an increase in the level of growth by 54% for the year 2024 compared to the year 2023.
The hotel sector achieved a growth of 42%, while the rate of organizing tourism trips activities increased to 33%, computer programming 28%, drying and packing dates and making its products 14%, compared to the same period.
The business sector in Al -Madinah Al -Munawwarah also recorded during the period 2018 to 2024 growths by 37%, as the number of commercial records reached 86 to 1000 records compared to 63 thousand records in the year 2018.

High growth rates

It is noteworthy that over the past four years 2020 – 2024, the Medina region has continued to achieve high growth rates in the volume of demand, which confirms the region’s attractiveness to investment.

Points of sale data, which has been about 7 billion riyals sales value, indicates a stable increase in consumer spending in the region.
This sustainable growth in points of sale transactions express the stability of inflation rates and achieve a high economic growth rate, which contributes to strengthening the region’s economy, and makes it one of the important investment destinations in the Kingdom.