Saudi Arabia’s emerging sectors see 31% growth, driven by AI
Commercial registrations in key Vision 2030 sectors surged, led by computer programming, IT, and communications, as Saudi Arabia marks its Year of AI.
Saudi Arabia's commercial registrations in key sectors linked to Vision 2030 have surged by 31%, propelled by advancements in artificial intelligence (AI). The Ministry of Commerce revealed that registrations in computer programming, IT, and communications sectors experienced the most significant growth. AI technologies led the surge, with commercial registrations increasing by 31% to 24,552 records.
The logistics sector followed closely with a 25% rise, totaling 32,154 registrations, while creative industries, arts, and entertainment saw a 25% increase, bringing the total to 8,650 commercial records. The electronic gaming industry also saw a 24% growth, reaching 977 registrations. Cybersecurity and virtual/augmented reality technologies followed with 22% and 21% growth, respectively, resulting in 11,275 and 13,853 registrations.
Amusement and gaming cities expanded by 16%, with 9,483 records. Financial and insurance activities grew by 12%, totaling 16,950 registrations. E-commerce saw a 9% increase, with 52,241 registrations. The ministry reported that overall commercial registrations in Saudi Arabia now exceed 1.9 million, comprising 1.3 million sole proprietorships, 599,000 limited liability companies, and 5,000 joint-stock companies.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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