Investment licenses in Saudi Arabia jump 83% in Q3 2025; highest quarterly figure

03:24 PM (Mecca time) Argaam Special
The Ministry of Investmentheadquarters

The Ministry of Investment headquarters


The Ministry of Investment issued nearly 6,986 licenses in Q3 2025, jumping 83% year-on-year (YoY), after excluding the licenses issued under the National Anti-Commercial Concealment Program (Tasattur).

 

This represents the highest number of licenses issued in a single quarter.

 

The number of issued investment licenses also rose by about 69% quarter-on-quarter (QoQ) from 4,125 licenses in Q2 2025, according to the monthly bulletin on the performance of Saudi Arabia’s key economic and investment indicators issued by the Ministry of Investment.

 

As a result, the total number of new investment licenses issued during the first nine months of 2025 reached around 15,730 licenses, exceeding the total number issued during the whole of 2024, which stood at 14,320 licenses.

 

The ministry noted that this reflects the Kingdom’s position as an attractive investment destination, backed by strong competitive advantages, including a stable and business-friendly investment environment.

 

Development of Investment Licenses Since 2020*

Period

Number of Licenses**

Growth Rate

Q1 2020

351

+19%

Q2

156

(46 %)

Q3

307

+22%

Q4

449

+55%

Q1 2021

476

+36%

Q2

528

+238%

Q3

852

+178%

Q4

976

+117%

Q1 2022

1216

+155%

Q2

935

+77%

Q3

929

+9%

Q4

1282

+31%

Q1 2023

1636

+35%

Q2

1824

+95%

Q3

2193

+136%

Q4

2887

+125%

Q1 2024

3166

+94%

Q2

2730

+50%

Q3

3810

+74%

Q4

4615

+60%

Q1 2025

4617

+46%

Q2

4125

+51%

Q3

6986

+83%

*Excluding licenses issued under the campaign to rectify the violators status of the National Anti-Commercial Concealment Program (Tasattur).

** Historical investment license figures are subject to updates based on data dynamics. 

 

According to the report, most of the issued investment licenses were concentrated in construction, wholesale and retail trade, and manufacturing, which together accounted for approximately 66% of total licenses during Q3 2025.

 

Investment licenses by Sector in Q3 2025

Sector

Q3 2024

Q3 2025

Change

Construction

1,062

2,583

+143%

Wholesale, and Retail Trade

363

1,214

+234%

Manufacturing

599

803

+34%

Accommodation & Food Services

279

563

+102%

Information & Communications

341

517

+52%

Professional, Educational & Technical Activities

378

316

(16%)

Transportation & storage

186

314

+69%

Administrative & Support Services

186

212

+14%

Real Estate

69

92

+52%

Human Health & Social Work Activities

39

86

+121%

Education

40

81

+103%

Other Service Activities

57

42

(26%)

Agriculture, Forestry & Fishing

55

40

(27%)

Water Supply, Sewerage & Waste Management

41

35

(15%)

Arts, Entertainment & Recreation

34

31

(9%)

Financial & Insurance Services

28

30

+7%

Mining & Quarrying

35

25

(29%)

Electricity, Gas, Steam and Air Conditioning

16

2

(88%)

Public Administration and Defense

2

0

--

Total

3,810

6,986

+83%

*Excluding licenses issued under the campaign to rectify the violators status of Tasattur.
 

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