UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln Oman, US discuss financial crime cooperation Saudi's HADAF invests $522mln through 26 strategic partnerships to train, employ 16,000 citizens Qatar, North Macedonia sign agreement to strengthen cooperation in labour sector Sharjah draws investment projects worth $2.1bln in 2025 Saudi Arabia records $1.54bln in POS transactions in one week UAE non-oil growth hits fastest pace since December 2024, PMI shows Oman’s non-oil exports rise 11.4% to $9.3bln, re-exports jump 20% UAE participates in second G20 Finance Ministers and Central Bank Governors meeting Saudi Arabia and Syria sign 4 pacts to boost cooperation in transport and logistics sectors Geological assets drive mining, manufacturing growth in Fujairah RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum Saudi Arabia agrees to raise Pakistani agricultural and food exports to $3bln UAE investment council launches data tools to boost overseas investment Oman's public revenue rises 13% to $17.2bln in first half of 2026 Saudi Arabia’s construction costs rise 2.3% in July 2026 ADIB provides $37mln Islamic financing for Glasgow logistics hub Oman’s tea and coffee imports hit record highs Total value of Bahraini exports hit $5.04bln Oman: ARA eyes Q3 2027 gas pipeline launch Oman: Sohar International establishes innovation hub at Terminal 11 to support fintech growth

Log in

عربي

Media Centre

Home » Media Centre

New Law of Commercial Registration expected to spur Saudi investment by 8.8%

New Law of Commercial Registration expected to spur Saudi investment by 8.8%

New Law of Commercial Registration expected to spur Saudi investment by 8.8%

Nov 19, 2024

RIYADH — Saudi Arabia's business landscape expects a groundbreaking shift with local investment projected to grow by up to 8.8 percent under the Kingdom's new Law of Commercial Registration, according to a report issued by the Center for Economic Studies at the Federation of Saudi Chambers of Commerce. The report analyzed the law's potential to transform the business climate.

The report paints a vibrant picture of the Saudi private sector's current impact, revealing its SR1.7 trillion contribution to the GDP and a total of 1.5 million active commercial registrations. It also noted significant strides in localization, currently at 28 percent, and the growing role of women in the workforce, where participation rates reached 35.4 percent.

At the heart of this progress lies a series of reforms introduced by the new Law of Commercial Registration. Key changes include the removal of sub-registries for establishments, allowing businesses to operate nationwide with a single record. Entrepreneurs can now own a single establishment capable of handling multiple commercial activities, while the city-specific registration requirement has been abolished, paving the way for businesses to expand freely across the Kingdom.

The report highlights tangible benefits expected from these reforms. By eliminating sub-registries, businesses are projected to save SR80 million to SR110 million annually. This financial relief is expected to spur investment growth, with local investments anticipated to rise between 7.4 percent and 8.8 percent. Furthermore, the number of branches for economic establishments is forecast to increase by 3.8 percent to 5.3 percent, underscoring the reforms' potential to foster expansion and innovation.

The Federation of Saudi Chambers has taken a proactive role in this transformation, conducting in-depth studies to identify investor challenges and collaborating with the National Competitiveness Center (Tayseer) to propose practical solutions