Saudi Arabia Sees 51% Spike in New Blockchain Businesses
The post Saudi Arabia Sees 51% Spike in New Blockchain Businesses appeared on BitcoinEthereumNews.com. Saudi Arabia saw a 51% rise in blockchain business registrations in Q2 2025, bringing the total to over 4,000 companies. Regulatory reforms are streamlining business setup and fueling growth in the digital sector. Foreign and GCC investor participation surged by 38%. Women accounted for 49% of new commercial licenses issued. Saudi Arabia’s push to become a major hub for the Middle East’s digital economy is gaining significant momentum, with new government data revealing a 51% year-on-year surge in blockchain-related business registrations in the second quarter of 2025. According to the Quarterly Business Sector Bulletin from the Ministry of Commerce, the country is now home to over 4,000 registered blockchain companies. This spike reflects growing confidence from both investors and entrepreneurs in the Kingdom’s tech ecosystem, particularly in high-growth sectors like Web3, decentralized finance (DeFi), and enterprise blockchain solutions. Blockchain, AI, and Big Data Lead the Innovation Wave Out of the 80,000 new commercial licenses issued during Q2, most were concentrated in high-growth digital sectors, especially Blockchain, Artificial Intelligence, and Big Data Analytics. The bulletin recorded: 51% growth in blockchain commercial licenses 34% growth in AI-related businesses 48% increase in cloud data storage and analytics companies This trend is a direct result of Saudi Arabia’s Vision 2030 and the National Transformation Program, two strategic initiatives designed to diversify the economy away from oil by prioritizing digital infrastructure. Related: Vision 2030: Binance Academy Now Key To Saudi Workforce Blockchain Future Skills Riyadh Is the Epicenter of the Kingdom’s Tech Boom Riyadh emerged as the epicenter of the digital economy boom. It accounted for 28,181 new commercial licenses in Q2, by far the largest share in the Kingdom. The capital also recorded the majority of AI and analytics-related activity, with 8,909 AI registrations and 3,775 cloud data companies. Other regions showing notable growth…
The post Saudi Arabia Sees 51% Spike in New Blockchain Businesses appeared on BitcoinEthereumNews.com.
Saudi Arabia saw a 51% rise in blockchain business registrations in Q2 2025, bringing the total to over 4,000 companies. Regulatory reforms are streamlining business setup and fueling growth in the digital sector. Foreign and GCC investor participation surged by 38%. Women accounted for 49% of new commercial licenses issued. Saudi Arabia’s push to become a major hub for the Middle East’s digital economy is gaining significant momentum, with new government data revealing a 51% year-on-year surge in blockchain-related business registrations in the second quarter of 2025. According to the Quarterly Business Sector Bulletin from the Ministry of Commerce, the country is now home to over 4,000 registered blockchain companies. This spike reflects growing confidence from both investors and entrepreneurs in the Kingdom’s tech ecosystem, particularly in high-growth sectors like Web3, decentralized finance (DeFi), and enterprise blockchain solutions. Blockchain, AI, and Big Data Lead the Innovation Wave Out of the 80,000 new commercial licenses issued during Q2, most were concentrated in high-growth digital sectors, especially Blockchain, Artificial Intelligence, and Big Data Analytics. The bulletin recorded: 51% growth in blockchain commercial licenses 34% growth in AI-related businesses 48% increase in cloud data storage and analytics companies This trend is a direct result of Saudi Arabia’s Vision 2030 and the National Transformation Program, two strategic initiatives designed to diversify the economy away from oil by prioritizing digital infrastructure. Related: Vision 2030: Binance Academy Now Key To Saudi Workforce Blockchain Future Skills Riyadh Is the Epicenter of the Kingdom’s Tech Boom Riyadh emerged as the epicenter of the digital economy boom. It accounted for 28,181 new commercial licenses in Q2, by far the largest share in the Kingdom. The capital also recorded the majority of AI and analytics-related activity, with 8,909 AI registrations and 3,775 cloud data companies. Other regions showing notable growth…
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