KSA, 22 November, 2024 : Saudi Arabia issued 3,810 investment licenses in Q3 2024, marking a 73.7% increase compared to 2,193 licenses during the same period last year, excluding those from the anti-concealment campaign.
The Ministry of Investment reported that key sectors—construction, manufacturing, professional and educational activities, wholesale and retail trade, and information and communications—accounted for 72% of total licenses. Of these, 2,853 licenses were granted to single-member limited liability companies, while 713 went to multi-member companies.
The ministry highlighted Saudi Arabia’s progress in global indices, excelling in government trust, IT access, and AI strategy. Regional headquarters licenses also rose to 65 in Q3, up from 57 in Q2.
Efforts to enhance the investment environment included resolving 65 investor challenges and implementing new laws for investment, commercial registries, trade names, and calibration.
The entertainment sector emerged as a growth driver under Vision 2030, issuing 34 foreign investment licenses in Q3, a 13% rise from the previous quarter. Over the past five years, the sector has generated SR1 billion in revenue and supported over 2,500 companies.
Source : www.saudigazette.com.sa
