Saudi Arabian expertise business skilled important progress within the second quarter, with data for AI applied sciences and cloud computing companies rising by 53% and 43% respectively.
Within the second quarter, Saudi Arabia issued eight,948 official ID playing cards for AI applied sciences, up from 5,820 in the identical interval final yr, in accordance with the Commerce Ministry's quarterly enterprise sector bulletin. As well as, 2,358 of those paperwork have been issued for cloud computing companies, up from 1,648 within the earlier quarter.
Saudi Arabia ranks 16th out of 67 nations within the Worldwide Institute for Administration Improvement's world competitiveness rating, demonstrating the nation's sturdy market competitiveness.
With 5,492 permits, Riyadh led the AI expertise market, adopted by Makkah with 1,789 permits, Japanese Province with 939 permits, Madinah with 254 and Asir with 115 permits. The information additionally confirmed progress within the arts, leisure and leisure business, with 20,465 enterprise registrations issued within the second quarter of this yr, up from 16,438 in the identical timeframe a yr earlier.
The ministry recorded 336 registrations within the second quarter of this yr, a 29 p.c improve from 260 within the earlier quarter and a major growth for the digital video games business. In the meantime, there have been eight,213 points for land passenger transport companies in city and rural areas within the second quarter, up from 6,227 in the identical interval final yr.