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Saudi Arabia's SMEs grow 3.5% in Q3, hitting 1.27m

Saudi Arabia's SMEs grow 3.5% in Q3, hitting 1.27m
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Saudi Arabia , Ar Riya , Ash Sharqiyah , Logistics Program , Saudi Press Agency , National Industrial Development , Medium Enterprises , Ministry Of Industry , Medium Enterprises General Authority , Middle East , Mineral Sources , Entrepreneurship Week ,

Monsha'at Reports 3.5% Quarterly Increase in SMEs Driven by Growth across Saudi Non-Oil Economy

The General Authority for Small and Medium Enterprises (Monsha'at) has released its latest quarterly SME Monitor, which showed a 3.5% growth in the number of SMEs in Saudi Arabia in Q3 2023, bringing their total number to 1.27 million. With over 40,000 new businesses created across the country in Q3, the monitor indicated that 43.3% of SMEs are now located in the booming financial capital of Riyadh. The Saudi economy, driven by strong non-oil growth of 3.6% in Q3, is now expected to expand by 0.8% in 2023, according to the IMF, outpacing average G20 growth. ....

Ar Riya , Saudi Arabia , Logistics Program , Ministry Of Industry , Authority For Small , Authority For Statistics , National Industrial Development , Medium Enterprises Monshaat , General Authority , Medium Enterprises , Mineral Sources , Al Qassim Province , Middle East ,