Riyadh Sees 34% Increase in Entertainment Event Organization Firms in Saudi Arabia
In a promising sign of economic diversification, the number of entertainment event organization firms in Saudi Arabia rose by 34 percent year on year in the first quarter of 2024, according to official data released by the Ministry of Commerce.
Entertainment Sector Growth Aligns with Vision 2030 Goals
The surge in numbers in the entertainment sector aligns well with the Kingdom’s economic diversification goals of Vision 2030. The total number of registered companies in the Kingdom reached 9,445 in the first three months of 2024, with Riyadh leading the way by issuing 4,301 permits, followed by Makkah and the Eastern Province.
Electronic Games Development on the Rise
Registered electronic game development companies in Saudi Arabia increased by 59 percent to reach 4,371 in the first quarter of 2024 compared to the same period a year earlier. Riyadh issued the most permits, followed by Makkah and the Eastern Province.
Delivery Services via Electronic Platforms Show Significant Growth
The number of firms connected to delivery services via electronic platforms in Saudi Arabia rose by 61 percent year-on-year in the first quarter of 2024. Riyadh led with the most permits, followed by Makkah and the Eastern Province.
Ministry of Commerce Quarterly Bulletin Highlights Business Growth
The Ministry of Commerce’s quarterly bulletin sheds light on the growth in the number of business registration records across different sectors and regions in the Kingdom. It also features indicators of economic activities, e-commerce growth, financing for small and medium-sized enterprises, and the transition of establishments to companies under the New Companies Law.