The number of investment licenses issued in Saudi Arabia by the Ministry of Investment increased by 93.9% during the second quarter of 2023 on an annual basis.
The total number of new investment licenses issued during the second quarter of 2023 amounted to about 1,819 licenses, after excluding the licenses issued under the campaign to combat violators of the commercial concealment system “Tester”, compared to 938 licenses in the second quarter of 2022; According to the monthly bulletin of the performance of the most prominent economic and investment indicators in the Kingdom issued by the Ministry of Investment.
It is noteworthy that the number of investment licenses issued in the first quarter of 2023 increased by 34.8% on an annual basis, to 1,639, compared to 1,216 in the same quarter of last year.