Commerce Ministry highlights AI’s role in business sector growth in Q3 report

The Ministry of Commerce has released its Business Sector Bulletin for the third quarter of 2026, providing a comprehensive overview of business sector performance and developments in the Kingdom.

The bulletin reviewed the ministry’s efforts to leverage artificial intelligence technologies to streamline procedures, enhance the quality of services provided to the business sector, monitor global market trends, and build more sustainable economic indicators to support data-driven decision-making based on accurate statistics.

The ministry is the first government entity to adopt the NVIDIA B300 AI suite, a move that strengthens the public sector’s position in embracing cutting-edge artificial intelligence technologies.

The ministry revealed that over 50,000 commercial registrations were issued during the third quarter. Promising sectors recorded year-on-year growth: AI-related activities grew by 31% to more than 24,000 registrations, cloud computing by 35% to over 7,000, and cybersecurity by 22% to more than 11,000. Growth was also seen in electronic gaming, fintech, tourist accommodation management, and other sectors.

The bulletin included key business growth indicators, noting that the number of establishments rose by 10% over the past five years to reach 1.2 million. Limited liability company registrations exceeded 618,000, marking a 182% increase.

The quarterly Business Sector Bulletin is available at the following link (Click here).