Saudi Logistics Sector Surges 76% in Q2; AI and Cloud Services Also See Growth

KSA, 15 July, 2024 : Saudi Arabia's logistics services sector saw a significant surge with a 76% growth rate, totaling 11,928 registrations in the April-June quarter, according to the Ministry of Commerce's Business Sector Bulletin.

The AI sector also showed robust growth, expanding by 53% with 8,948 registrations. Riyadh led with 5,492 registrations, followed by Makkah with 1,789.

Cloud-computing services recorded a 43% increase, totaling 2,358 registrations, with Riyadh again at the forefront with 1,446 registrations.

Meanwhile, the electronic games industry experienced a 29% growth in commercial registrations, reaching 336 registrations.

These sectors represent promising economic activities across various regions of Saudi Arabia, reflecting dynamic growth and diversification efforts in the Kingdom's economy.

Source : www.zawya.com