Advertising registers hit 19% surge in Q3 2023: Ministry of Commerce

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Saudi Arabia’s Ministry of Commerce revealed that advertising agencies’ commercial registrations increased by 19% during the third quarter of 2023, to stand at 11,782, compared to 9,879 in Q3 2022.

 

Region wise, Riyadh topped the list with 5,523 commercial registrations, accounting for 47% of the total, followed by Makkah (3,002), and Eastern Province (1,422).

 

Madinah (453) and Asir (389) placed fourth and fifth, respectively.

 

Q3 2023 Commercial Registrations by Region

Region

No. of Registers

Percentage

Riyadh

5523

47%

Makkah

3002

25%

Eastern Province

1422

12%

Madinah

453

4%

Asir

389

3%

Other

993

8%

Total

11782

100%

 

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