Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Saudi Ministry of Commerce spots 10 priority areas in trade for 2023

Saudi Ministry of Commerce spots 10 priority areas in trade for 2023

The Saudi Ministry of Commerce has earmarked 10 priority projects in the trade and investment sector this year amid efforts to review and upgrade regulations and legislation in order.
This move will help the Kingdom achieve the Saudi Vision 2030 objective of providing an attractive investment environment for local and international investors and enhancing the business sector’s regional and global competitiveness.

According to the news agency, the reforms would touch upon consumer protection, commercial registration, trade names, commercial transactions, mediation and the controls for establishing government firms.

The reforms will also encompass the family business charter, the corporate governance regulations, the commercial registration system implementing rules, and the trade names system implementing regulations.

The Ministry of Commerce announced these plans in its quarterly trade bulletin to support investors and entrepreneurs in making investment decisions in various economic sectors and activities based on a transparent methodology and an integrated vision to encourage diversity in commerce.

The emphasis underlines commercial activity as one of the main components of the national economy, which clocked an impressive growth of 7.8 percent last year.

This priority also cements the success of the legislative environment, facilitating procedures for business startups, elevating competitive indicators and making the business sector in Saudi Arabia attractive to the world.

The trade bulletin highlights the most prominent growth indicators in various activities and sectors, the volume of change in the records of companies and institutions, and the highest sectors that witnessed remarkable growth.

It also prepares the economy for promising sectors such as artificial intelligence technologies, computer programming, market research and opinion polls, movie production, cities, entertainment, games, hotel activities, tourism and travel.

Additionally, the bulletin also records the size of the industry and export-related data in the Kingdom, besides tracking the growth of the e-commerce sector in the Kingdom, data on the participation of women in the business, the development of financing small and medium enterprises and the contributions of legislation in improving the attractiveness of the business sector as a whole.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×