New Commercial Registers System Expected to Boost Saudi Investment by 8.8%.

Riyadh: Saudi Arabia's business landscape expects a groundbreaking shift with local investment projected to grow by up to 8.8% under the Kingdom's new commercial register law, according to a detailed report by the Center for Economic Studies at the Federation of Saudi Chambers of Commerce, which analyzed the law's potential to transform the business climate. According to Saudi Press Agency, the report paints a vibrant picture of the Saudi private sector's current impact, revealing its SAR1.7 trillion contribution to the GDP and a total of 1.5 million active commercial registers. It also noted significant strides in localization, currently at 28%, and the growing role of women in the workforce, where participation rates reached 35.4%. At the heart of this progress lies a series of reforms introduced by the new commercial register law. Key changes include the removal of sub-registries for establishments, allowing businesses to operate nationwide with a single record. Entrepreneurs can now own a single establi shment capable of handling multiple commercial activities, while the city-specific registration requirement has been abolished, paving the way for businesses to expand freely across the Kingdom. The federation's report highlights tangible benefits expected from these reforms. By eliminating sub-registries, businesses are projected to save SAR80 million to SAR110 million annually. This financial relief is expected to spur investment growth, with local investments anticipated to rise between 7.4% and 8.8%. Furthermore, the number of branches for economic establishments is forecast to increase by 3.8% to 5.3%, underscoring the reforms' potential to foster expansion and innovation. The Federation of Saudi Chambers has taken a proactive role in this transformation, conducting in-depth studies to identify investor challenges and collaborating with the National Competitiveness Center (Tayseer) to propose practical solutions.