Logo of Small & Medium Enterprises General Authority (Monsha’at)
The number of small and medium enterprises (SMEs) in Saudi Arabia increased by 3% quarter-on-quarter (QoQ) to 1.31 million by the end of Q4 2023, a report issued by the Small and Medium Enterprises General Authority (Monsha’at) showed.
The report highlighted that micro-enterprises make up 87%, or about 1.14 million, of the total enterprises in the Kingdom, as depicted in the table below:
|
Number of Enterprises by Size in Q4 2023 |
|||
|
Enterprise Size |
Q3 2023 |
Q4 2023 |
Change (%) |
|
Micro |
1100000 |
1138588 |
4% |
|
Small |
151170 |
150788 |
(0.3%) |
|
Medium |
18176 |
18723 |
3% |
|
Total |
1270000 |
1308099 |
3% |
Riyadh accounted for the largest share of total SMEs in the Kingdom by the end of Q4 2023, comprising over 43%, or about 571,300 enterprises. Makkah came second, representing nearly 18.1% of the total SMEs, as illustrated in the following table:
|
Regional Distribution of SMEs in Q4 2023 |
|||
|
Province |
No. of SMEs (‘000) |
Percentage of Total |
|
|
Riyadh |
571.3 |
43.7% |
|
|
Makkah |
237.3 |
18.1% |
|
|
Eastern Province |
140.1 |
10.7% |
|
|
Other Provinces |
359.4 |
27.5% |
|
Comments
{{DisplayName}}
{{ElapsedTime}}