Saudi Arabia’s small and medium enterprise landscape saw a 2.6 percent uptick in the second quarter of 2023, with the number of SMEs reaching 1.23 million, up from 1.2 million in the first quarter, according to official data.
Riyadh emerged as the hub for 42.3 percent of the SMEs by the end of the second quarter, the latest report released by the Small and Medium Enterprises General Authority, Monsha’at, showed.
The Makkah region and the Eastern Province followed with 18.6 percent and 10.9 percent, respectively.
The Aseer Province hosted 5.3 percent of the SMEs, while other cities collectively accounted for 22.9 percent of the total.—AN
