Saudi Arabia’s entrepreneurial ecosystem has achieved remarkable growth, with commercial registrations reaching 1.7 million by Q3 2025, according to a comprehensive report released by the Small and Medium Enterprises General Authority (Monsha’at) during the Biban Forum 2025 in Riyadh.
Economic Growth and Diversification
The report, released under the theme ‘Global Destination for Opportunities,’ reveals substantial progress in the Kingdom’s business landscape. More than 8.4 million workers are now employed in the SME sector, while women’s participation in the labor market has reached an impressive 43.5%, highlighting the success of Saudi Arabia’s economic empowerment initiatives.
Tourism sector performance has shown remarkable resilience, with a 9.7% year-on-year increase in visitor spending during Q1 2025, demonstrating the effectiveness of Saudi Arabia’s economic diversification strategy.
Key Sector Developments
The real estate sector has witnessed significant expansion, with 47,286 licensed off-plan sale units recorded in Q3 2025. Perhaps most notably, the e-sports sector demonstrated exceptional growth, posting a 72% increase compared to the previous year, positioning Saudi Arabia as an emerging leader in this dynamic industry.
Financial support for micro, small, and medium enterprises has intensified, with a 20% annual increase in financing during Q2 2025, reflecting the Kingdom’s commitment to nurturing entrepreneurial growth.
Investment Climate and International Opportunities
The report emphasizes the crucial role of the foreign investment system and privatization programs in enhancing Saudi Arabia’s business environment. The Public Investment Fund continues to drive growth in priority sectors, aligned with Vision 2030 objectives to establish the Kingdom as a global economic powerhouse.
Vision 2030 Alignment
The Biban Forum 2025 serves as a strategic platform for showcasing the Kingdom’s regional competitive advantages and fostering international partnerships. This aligns perfectly with Vision 2030’s goals of establishing Saudi Arabia as a global investment destination and entrepreneurial hub, while supporting the transformation of the national economy through diversification and innovation-driven growth.