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

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% |
** 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% |
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| Ministry of Investment issues over 14,000 licenses in 2024 |
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