Saudi Arabia issued 68% more investment licenses in Q1 2026

The Ministry of Investment issued roughly 7,742 licenses in the first quarter of 2026, a 68% jump from a year earlier after stripping out permits linked to a anti-concealment program. Construction led the tally with nearly 2,506 licenses, up 34% year on year. Wholesale and retail trade posted a 242% surge to 1,592 licenses. Manufacturing added 969 licenses, a 50% increase.

The three sectors together accounted for about 65% of the quarter's total, according to the ministry's latest Economy and Investment Monitor report. The ministry attributed the growth to a stable regulatory environment and outreach efforts, including participation in investment forums.

Not every sector shared in the expansion. Electricity and gas licenses fell 67% from the prior year. Water supply and mining dropped 24% and 13%, respectively.

The report did not break out the share of foreign versus domestic licensees. Historical figures in the publication remain subject to revision.

Separately, Saudi Arabia's GDP grew 3% in Q1, a pace that adds context to the government's push for non-oil investment activity. The 68% license figure suggests the administrative pipeline for new projects is widening, even if some capital-intensive sectors are pulling back.