The Ministry of Commerce issued its Q3 2023 bulletin on the performance of the Saudi business sector.
A total of 83,450 commercial registers were issued in the third quarter, an increase of nearly 17% year-on-year (YoY) from 71,600 commercial registers in Q3 2022.
Riyadh Province accounted for the largest number of issued registers in Q3 2023, with about 26,780 registers, or more than 32% of total registers.
Top 5 Provinces by Issued Commercial Registers in Q3 2023 | ||
Province | No. of Registers | Ratio to Total |
Riyadh | 26775 | 32.1% |
Makkah | 19104 | 22.9% |
Eastern Province | 11513 | 13.8% |
Madinah | 5141 | 6.2% |
Aseer | 5047 | 6.0% |
Others | 15874 | 19.0% |
Total | 83454 | 100% |
Source : argaam