Riyadh - Sharikat Mubasher: The Saudi Ministry of Investment (MISA) has focused on streamlining regulations, simplifying licensing processes, and promoting investment opportunities across various sectors to enhance the investment environment in the Kingdom and attract both local and foreign investors.
The total number of new investment licenses issued by MISA during the third quarter (Q3) of 2024 hit 3,850, according to the ministry's Economic and Investment Monitor Q3-2024 report.
In the same quarter, the total number of issued investment licenses (excluding licenses issued as part of the anti-concealment law enforcement) reached 3,810, up by 73.7% compared to 2,193 in Q3-23.
The construction, manufacturing, professional, scientific, and technical activities, wholesale and retail trade, and information and communication sectors received 72% of total investment licenses issued in Q3-24.
Meanwhile, the whole and retail trade sector recorded the highest growth in investment licenses in Q3-24 by 165% year-over-year (YoY), followed by real estate and other services by 138% and 128%, respectively.
Moreover, Egypt seized the largest number of investment licenses issued by MISA in Q3-24 with 1,029 licenses, followed by Yemen and India, with 439 and 318 licenses, respectively.
