Saudi Arabia, Turkiye forge stronger defense ties in high-level talks 

Saudi Arabia, Turkiye forge stronger defense ties in high-level talks 
Saudi Arabia, Turkiye forge stronger defense ties in high-level talks 

Thank you for reading the news about Saudi Arabia, Turkiye forge stronger defense ties in high-level talks  and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: The registration of regional maritime clubs in Saudi Arabia experienced a 49 percent growth in 2023, official data revealed.

The latest business sector bulletin by the Ministry of Commerce showed the number of registrations by the end of the fourth quarter of 2023 reached 580, compared to 389 by the end of 2022.

Makkah topped the list of the top five regions with 233, followed by Riyadh with 197 and the Eastern Province with 90. 

The fourth position was held by Al-Madinah with 21 registrations, followed by Aseer with 6.

“The formation of promising sectors represents one of the opportunities launched by the Kingdom’s Vision 2030 for both local and foreign business sectors,” said the ministry.

Similarly, the resorts sector surged in the last quarter of 2023, reaching 51 percent growth in registrations with 3,377, compared to 2,236 in the same period of 2022.

Makkah also topped the list of the top five regions with 1,346 enrollments, followed by Riyadh with 1,148 and the Eastern Province with 251.

Al-Madinah came in fourth with 228, followed by Al-Qassim with 112.

Saudi Arabia’s cloud computing registrations saw a 40 percent increase in the fourth quarter of 2023, with the issuance of 1,759 permits between October and December 2023, compared to 1,252 in the corresponding period of 2022.

Riyadh, topped the list with 1,062 permits, followed by Makkah with 346, and the Eastern Province with 216.

This surge underscores the Kingdom’s aim to make the region a hub for technology by 2030.

According to the UN Conference on Trade and Development index, as disclosed in the government bulletin, Saudi Arabia secured the eighth spot globally among the leading 10 developing economies in e-commerce “out of 152 countries.” The predicted e-commerce revenues for the country are expected to reach SR260 billion by 2025.

The Kingdom anticipates a compound annual growth rate of 15 percent in e-commerce from 2020 to 2025. The venture investment in startups within the e-commerce sector reached SR446 million in 2022.

The figures for the fourth quarter of 2023 revealed a 23 percent growth in the issuance of commercial records compared to the same quarter of the previous year. 

Riyadh, Makkah, and the Eastern Province topped the Kingdom’s regions in the number of issued records.

Riyadh issued 33,343 records, followed by Makkah with 20,535 and the Eastern Province with 13,546.

Notably, 45 percent of the total exported records belong to women-owned enterprises.

These were the details of the news Saudi Arabia, Turkiye forge stronger defense ties in high-level talks  for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi Arabia and China explore investment opportunities in civil aviation 
NEXT PIF to acquire stake in Saudi construction giant Binladin Group – reports

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]