Manufacturing and mining business registrations set for strong growth by 2026: Ministry

The Ministry of Commerce has announced significant growth in active commercial registrations for promising sectors in industry and mining by 2026, driven by efforts to empower the industrial sector and make optimal use of natural resources in line with the objectives of Saudi Vision 2030.

In an official statement, the ministry said the 'manufacturing industries' sector is expected to see an 18% increase in total active business registrations by the end of the third quarter of 2026, reaching 255,188 registrations, compared to 215,697 during the same period in 2025.

The 'mining and quarrying' sector is projected to grow by 13%, with total registrations reaching 12,831 by the end of the third quarter of 2026, compared to 11,263 in the same period last year. Business registrations for 'manufacturing solar panels and components' are expected to rise by 33% to 1,700 by the end of Q3 2026, up from 1,270 in the same period of 2025.

Registrations in 'automotive engine and parts manufacturing and assembly' are forecast to grow by 45%, reaching 1,207 by the end of Q3 2026, compared to 832 in the same period last year.

The ministry said this growth in business registrations reflects expanding commercial and investment opportunities, economic diversification, support for small and medium-sized enterprises, and a stronger role for the private sector in developing national industries, all of which enhance economic competitiveness and support the goals of Vision 2030.

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