Riyadh – Saudi Arabia has recorded a 51 percent year-on-year increase in business registrations related to blockchain technologies by the end of the second quarter of 2025, the Ministry of Commerce announced on Tuesday.
According to official data, the number of registered blockchain firms rose to 4,005, up from 2,644 in Q2 2024. The capital city Riyadh emerged as the top region with 2,463 registered entities, followed by Mecca (806), the Eastern Region (430), Medina (104), and Al Qassim (51).
The ministry emphasized that this significant growth reflects the Kingdom’s strategic efforts to integrate advanced digital technologies into its broader economic framework, while also highlighting increased confidence in regulatory clarity, entrepreneurial incentives, and digital infrastructure.
This surge coincides with key initiatives under Vision 2030, Crown Prince Mohammed bin Salman’s national transformation plan aimed at reducing oil dependency, diversifying the economy, and positioning Saudi Arabia as a regional tech powerhouse.
Government-led efforts and private partnerships in blockchain, fintech, and AI are accelerating digital adoption across sectors including finance, logistics, healthcare, and government services.
The data reinforces the Kingdom’s growing appeal to global tech investors and aligns with ambitions to establish Saudi Arabia as a leading destination for digital innovation in the Gulf region.
