02-03-2025
Saudi SME Sector Soars with Record Commercial Registrations
The Saudi Small and Medium Enterprises General Authority (Monsha'at) announced a remarkable 67% quarterly surge in commercial registrations during Q4 2024, totaling 1.6 million. Riyadh led regional registrations with 39%, followed by Makkah (17%), the Eastern Region (16%), Qassim (6%), and Aseer (5%), with the remainder spread across other areas.
Highlighting the growing emphasis on sustainability, the latest SME Monitor Report spotlights SMEs' adoption of circular economy models, renewable energy, and reforestation projects. It also underscores collaboration with government programs like the Sustainability Champions Initiative, which connects SMEs with leading firms to share expertise in green technologies and environmental tourism.
Empowering SMEs Through Knowledge and Partnerships
Rakan Alsheikh, Deputy Minister for Policies and Economic Planning, emphasized Monsha'at's role in preparing SMEs to capitalize on renewable energy and electric vehicle trends. The report features success stories from entrepreneurs and companies integrating sustainability into their operations, aligning with Saudi Arabia's broader vision for a greener economy.
Over 51,000 individuals benefited from Monsha'at Academy training, while 41,076 SMEs accessed support centers. The Jadeer service qualified 2,100 businesses, and innovation centers supported 4,258 ventures. Additionally, 205 trademarks were listed on the Franchise Center platform, reflecting expanded opportunities for entrepreneurs.
As part of its quarterly series, the SME Monitor Report serves as a vital resource for investors and stakeholders, offering insights into emerging trends and policy updates. Access the full report here .
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