Saudi Arabia sees 47,000 new companies in H1
In the first half of this year, approximately 47,000 companies were established in Saudi Arabia, reflecting the efforts of the Saudi Center for Competitiveness and Business in facilitating the procedures for starting and operating businesses in accordance with the best international standards. The center also provided 2.9 million services to economic entities, including registering about 87,000 institutions and documenting 3,490 e-stores. Its network expanded to 21 branches across 16 cities. These efforts have contributed to strengthening Saudi Arabia's global standing, as it ranked 13th in the 2026 International Competitiveness Report, achieving noticeable progress through the implementation of 1,000 legislative and procedural reforms. This advancement demonstrates improved business environment and enhanced support for the private sector within the Kingdom.
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