The Small and Medium Enterprises General Authority (Monshaat) reported a 67% increase in commercial registrations during the fourth quarter of 2024, bringing the total to 1.6 million. Riyadh accounted for 39% of these registrations, followed by Makkah (17%), the Eastern Region (16%), Qassim (6%), and Aseer (5%).
The latest SME Monitor Report stresses sustainability trends among SMEs, including the circular economy, renewable energy, reforestation, environmental tourism, and electric vehicle adoption. It also highlights collaborations with government initiatives and contributions to sustainability reports.
The report also indicates that over 51,000 individuals benefited from the Monshaat Academy, 41,076 SMEs accessed the authority’s support centres, and nearly 6,100 beneficiaries used the Mazaya platform by the end of Q4 2024.
